Gazprom controls 32 licenses in the region and resource estimates exceed 26 trillion cubic meters.

Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.

Iran’s current supplies of gas to Iraq are enough to generate around 22 terawatt hours (TWh) of electricity.

Iraq is on track to produce nearly six million barrels of crude per day by 2030.

Rosneft has responded to the US statement about possible sanctions due to oil purchases from Venezuela.

Swiss start-up Insolight’s technology is said to have achieved an efficiency of 29% during tests in the pre-production phase.

Research will focus on industry-defined goals to improve performance of electric vehicles.

They say the oil and gas industry produces 2.5 quintillion bytes of data every day but only 1% of this is analysed. which they believe is a missed opportunity.