Welcome addresses to the delegates to the conference will be delivered by Akim of Mangistau Region and Head of Department for Transport and Communications Development, Ministry of Transport and Communications of the Republic of Kazakhhstan.

The third international conference will take place in Minsk, Belarus, from the 16th  to the 17th of November. Traditionally the event is organized by Confidence Capital Ltd in collaboration with Belarusian Oil Company.

The three fields, Hai Su Den-2X, Thien Ung-3X, and CC-2XST, are all located offshore, the government said in a statement, without providing further details of the finds. Petrovietnam's crude oil exports in the first five months of 2009 jumped 16% from a year earlier to 7.02 million tonnes but lower oil prices led to a fall of 44% in revenues at just $2.57 billion, the government added. Petrovietnam has been stepping up exploration efforts both at home and abroad as it moves to secure more oil reserves to meet rising domestic energy demand. Source: http://www.upstreamonline.com/incoming/article180012.ece

Faced with falling oil prices, Russia is preparing to announce that it will work with the Organization of the Petroleum Exporting Countries to coordinate a reduction in output, the minister of energy said Wednesday.