Libyan output had also recovered to reach an average of 990.000 b d in July. its highest level in three years. up 180.000 b d in June. according to the latest S&.P Global Platts OPEC survey.

Despite the halt both enterprises and households in the country continued getting gas from the Abovyan underground storage facilities.

Total had announced earlier in August that it would acquire Maersk Oil for $5 billion. bolstering its position among the world'.s largest oil companies.

There is intense competition across the world to attract foreign investment. but the assets are limited while competition for absorbing them is high.

The Kish gas field is expected to yield 28 million cubic meters per day of gas. to be used domestically. and 11.300 bpd of gas condensate set for export.

South Pars gas field which is located in the Persian Gulf hosts the bulk of Iran’s natural gas reserves.

Government data show the share of renewables in Iran’s energy basket is 240 megawatts at present. which is less than 1% of total installed power generation capacity of 77.000 MW.

Exports amounted to 7.1 million tons in four months. up nearly 5% from 6.84 million tons in the same period of last year.

In 2015. Schlumberger agreed to buy 45.65 percent of EDC for $1.7 billion. but the deal fell through after the Russian anti-monopoly repeatedly postponed its approval.

In July. NIOC signed an MoU with Japan’s engineering group Toyo to revamp facilities and upgrade recovery at the Salman gas field in the Persian Gulf.