Subscribe free to our newsletters via your
  Oil and Gas News from OilGasDaily.Com  




Subscribe free to our newsletters via your




















OIL AND GAS
Mexico, Russia eye energy trade relations
by Daniel J. Graeber
Washington (UPI) Sep 5, 2017


Structural reforms in the energy sector could lead to greater bilateral trade between Mexico and Russia, Mexico's president said from a regional summit.

Mexican President Enrique Peña Nieto met in China with Russian President Vladimir Putin on the sidelines of a summit for the five major energy economies: Brazil, Russia, India, China and South Africa, or BRICs. According to the Kremlin, both sides discussed ways to improve ties on the geopolitical front and trade in the energy sector.

For Russia, Energy Minister Alexander Novak and Igor Sechin, a close Putin ally and head of Russian oil company Rosneft, were at the meeting with Mexico's president.

Trade turnover between the two countries improved 38 percent during the first half of the year, but was still relatively modest at about $2 billion. The Mexican president said he agreed with Putin's position that trade has not yet matched its full potential.

"If you allow me, I would like to highlight areas where we could engage in proactive cooperation," he said in a statement. "We are carrying out structural reforms, primarily in the energy sector, and we have private investment, and private companies that are active in the market."

The Mexican economy is expected to grow at around 2.3 percent this year and manage only a 0.1 percent gain next year.

Mexico this week hosts the second round of talks aimed at reformulating the North American Free Trade Agreement. During the first round of talks in Washington last month, U.S. Trade Representative Robert Lighthizer said NAFTA has "fundamentally failed many, many Americans and needs major improvement."

Trade talks between the Mexican and Russian presidents also comes as members of the U.S. Congress return to Washington from summer recess and reconvene hearings aimed at probing any ties between U.S. President Donald Trump and the Kremlin.

On ties with Mexico, Putin said the relationship is "deep-rooted."

The Mexican reform program is meant to open the country up to outside oil investment for the first time since 1938, when the Mexican government took control of the country's oil industry and sidelined foreign investments. The reforms could bring in up to $415 billion in investments over the next 20 years as the country establishes links to the rest of the world.

Deregulation, meanwhile, caused gas prices to spike at the start of 2017 and brought significant public pressure on Peña Nieto.

OIL AND GAS
Good first half of 2017 for West African explorer FAR Ltd.
Washington (UPI) Sep 5, 2017
FAR Ltd., an Australian energy company with a focus offshore West Africa, reported a strong first half, adding it expected positive cash for the next year. FAR Ltd. is working alongside partners tapping the emerging basins off the coast of West Africa. When discovered in 2014, the basin offshore Senegal in particular were counted among the largest in the world. By the estimates of the c ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Reusable ruthenium-based catalyst could be a game-changer for the biomass industry

Technique could aid mass production of biodegradable plastic

Researchers identify cheaper, greener biofuels processing catalyst

How a bacterium can live on methanol

OIL AND GAS
Moscow gets its first traffic signals powered by renewable energy

Solar hydrogen production by artificial leaves

Insect eyes inspire new solar cell design from Stanford

Air pollution throws shade on India's solar success

OIL AND GAS
Saudi Arabia shortlists 25 bidders for major wind plant

First foundations set for Baltic Sea wind farm

Wind energy blows up storm of controversy in Mexico

U.S. extends wind energy taproots into Zambia

OIL AND GAS
China and Brazil sign agreements on nuclear power

Kazakhstan inaugurates IAEA-backed nuclear fuel bank

2018 start for Russia-backed nuclear plant work:

Fukushima operator faces $5 bn US suit over 2011 disaster

OIL AND GAS
Researchers tackle methane emissions with gas-guzzling bacteria

Methane from tundra, ocean floor didn't spike during previous natural warming period

Research identifies new microbe with potential to help rebalance Earth's nitrogen cycle

Study gives first proof that the Earth has a natural thermostat

OIL AND GAS
Battling to thwart diesel bans, Merkel throws in the cash

New emissions test necessary for new vehicles in the EU

VW shares gain as dieselgate bullet dodged

Nanoparticles pollution rises 30 percent when flex-fuel cars switch from bio to fossil

OIL AND GAS
Iraq faces vast challenges despite victories over IS: experts

Iraq strikes major victory over Jihadists; As IS slides from defeat to defeat

Jordan, Iraq reopen only border crossing; Iraqi forces close in on last jihadist ISIS stronghold

Iraq fighters take 'victory selfies' at Tal Afar citadel

OIL AND GAS
Trump keeps Iran deal, but threatens more sanctions

S. Korea seeks rare talks with North to ease military tensions

US sending mixed messages on Iran nuclear deal: Zarif

US-China citizen gets 10 years for spying in Iran; 2 Iranians charged in US over hacking




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement