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July 2004
July 23, 2004
Construction of the Baku-Tbilisi-Ceyhan Oil Pipeline Temporarily Halted
Construction of the Baku-Tbilisi-Ceyhan oil pipeline has been temporarily halted by the Georgian government due to environmental concerns after British Petroleum failed to meet compliance…
OPEC: Member Countries to Increase Oil Production to Stabilize Prices - 2004-07-23
OPEC announced that its member countries are increasing oil production to stabilize prices, currently exceeding the production ceiling by 2 million barrels per day. This…
July 15, 2004
Oil-Exporting Countries to Increase Daily Oil Production Again - 2004-07-15
OPEC has announced a new increase in daily oil production to address rising prices, with an informal agreement to boost output by 500,000 barrels per…