Ethanol in gasoline is an ideal alternative to fossil fuel.

The energy sector is an important area for investment. given Turkey’s high dependence on energy imports.

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.

In May 2013. Iran agreed to provide Syria with a $3.6 billion credit line to imports goods and commodities.

The US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.

The move comes as BP re-evaluates its portfolio in the wake of a dramatic slump in oil prices three years ago.

Rosneft and CEFC have been at the center of that burgeoning relationship.

OPEC estimated supply from non-OPEC countries next year would rise by 1 million bpd.

Malaysia’s national oil company Petronas holds a 30 percent stake in the field while the Iraqi government holds the remaining 25 percent.

Shell submitted a proposal for developing Azadegan and Yadavaran oilfields south of Iran last month.