Italy’s gas imports have tipped away from Algeria towards Russia in recent years as Algerian production has stagnated.

Russia’s parliament has approved the new profit-based tax on the oil industry on a first reading.

BP said it plans to keep net emissions from its operations stable between 2015 and 2025.

Approximately 60 percent of Kuwaiti consumption of natural gas is used for the refining and petrochemical sector.

The United States has taken a series of recent measures against Russia.

China and India are Iran'.s largest oil buyers.

China produced 9 bcm of shale gas last year. or 6 percent of its total gas output.

OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.

The kingdom is expected to tender nearly 4GW of renewable capacities this year.

TANAP project envisages transportation of gas from Azerbaijan'.s Shah Deniz field to the western borders of Turkey.