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In St. Petersburg, bred microbes that eat oil

Oil – the black gold of the planet, but all is not gold that burns. Precious hydrocarbons can be useful to mankind, and to bring harm to the environment. Oil clogs the ecosystem due to the human factor and as a result of natural emissions. To make amends with nature …

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Russia without oil: the Budget will lose 40% of revenues

The petrodollar pipeline that feeds the past half-century Russia, allowing to exchange hydrocarbons on Western technology and consumer lifestyle, living out their last days. As soon as the old Soviet fields are in decline, and new ones with cheap and easy extraction of the oil cannot be detected, the Russian …

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Not all of the recoverable oil reserves in Russia is cost effective

In Russia, as it turned out, only two-thirds of the recoverable oil reserves are cost-effective. Specific figures were announced on the sidelines of the energy week the Russian Deputy head of the Committee Orest Kasparov. “The results of the inventory obtained the following results: 11.5 billion tons, or 67% of …

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Turkey does not intend to abandon Iranian oil

Turkish President Recep Tayyip Erdogan said that Turkey will in any case continue to buy oil from Iran and natural gas. According to Reuters, the Turkish leader noted that Turkey is not afraid of us sanctions and intends to continue to trade with Iran. Iran is a leader among suppliers …

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Saudi Arabia halved the oil production due to drone attacks

Attack using drones for two major oil producers in Saudi Arabia over the weekend have cut production in the country doubled. As the Financial Times, the Houthi rebels in Yemen has claimed responsibility for the attack, which on Saturday morning with the help of unmanned aerial vehicles (UAVs) using a …

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