The new venture is seeking regulatory approvals and would be run as an independent entity. the consortium said in a statement.

Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.

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

Turkmenistan will observe in the next session on declaration on cooperation in Vienna on November 30.

Russian Energy Minister Alexander Novak had already said that Gazprom company intend to produce natural gas in Iran and then by constructing a pipe line for 1200 kilometers transfer the gas to India.

Netanyahu has praised Trump'.s decertification of Iran. which has deeply unsettled the European allies of the United States.

Greece'.s economy is decoupling economic growth from increases in CO2 emissions but at a slower rate than the average for IEA member countries.

Moscow is worried about letting prices rise too far. even suggesting that $60 would be enough to justify ditching the output agreement.

Iraq sold 3.29mn bpd of crude from Basrah port in the south last month. down 2% from September. according to tanker tracking.

Total has signed a deal to develop phase 11 of Iran’s giant South Pars field in July. pledging $1bn of investments.