Mypostalexam.com is not affiliated with the USPS but sells the latest and most helpful Postal Jobs Exam Study Guide.
Being the biggest oil company in Russia, Rosneft is also the largest publicly traded company in the world based on its hydrocarbon production volume. BP holds a 19.75 % share in Rosneft which makes it a beneficiary to a broad range of existing and future projects in Russia, a country that has huge hydrocarbon resources.
Saudi Arabia is OPECâs (Organization of the Petroleum Exporting Countries) largest crude oil producer. It set a record by producing 10.3 MMbpd (million barrels per day) of crude oil in March 2015âcompared to its previous peak production of 10.2 MMbpd in August 2013.Bloomberg estimates suggest that Saudi Arabiaâs produced 10 MMbpd of crude oil in April 2015.OPEC produced 31.3 MMbpd in April 2015âcompared to the quota of 30 MMbpd. OPEC has produced more than the quota of 30 MMbpd for 11 months.Iraq is OPECâs second largest oil producer. It also produced 3.66 MMbpd and exported 3.077 MMbpd of crude oil in April 2015.PEC produced 31.3 MMbpd in April 2015âcompared to the quota of 30 MMbpd. OPEC has produced more than the quota of 30 MMbpd for 11 months. Iraq is OPECâs second largest oil producer.