The launching ceremony of the first stage of the Southern Gas Corridor project was held in Baku on May 29.

The Nord Stream 2 project has been welcomed by some countries in Europe. such as Germany and Austria.

Iraq'.s plan is to increase export capacity to 6.5 million bpd by 2022.

According to the report. world natural gas reserves rose 0.2% to 199.044.000.000.000 cubic meters.

Rosatom is the equipment supplier for the KNPP. whose first two units of 1.000 MW each have already been commissioned.

Surging oil demand. particularly in the case of China. is likely to surprise the market to the upside.

More than 75 percent of the equipment for developing the output is Iranian.

The total proven crude oil reserves in member countries decreased by 0.3 per cent to 1.214 billion at the end of 2017.

Ukraine and the European Union have already agreed to begin tripartite negotiations on the transit of gas to European consumers from Russia.

The European Union sent a letter to the US Treasury on June 4 asking for exemptions from sanctions.