In 2015 Schlumberger agreed to buy 45.65% of EDC for $1.7 billion but the deal fell through after FAS repeatedly postponed its approval.

The latest government data indicate total proven crude oil reserves are close to 160 billion barrels. of which 16 billion barrels are in the Persian Gulf.

Gazprom Deputy Chairman Aleksandr Medvedev has said the company expects to sell up to 180 bcm of gas this year.

The construction and commissioning of the subsea construction vessel (SCV) ``Khankendi`` are progressing well at the Baku Shipyard.

According to Unit. the production expected from the unnamed Iranian gas field is 1.5 times the 50 billion cubic meters of gas imported each year by Turkey.

It is expected that in 2018. the consolidated turnover of SOCAR Turkey Enerji will reach $15 billion.

Raising gas production is key to Saudi Arabia'.s plan to diversify its energy mix.

The bulk of Iraq'.s oil is exported via the southern terminals. Smaller amounts are shipped from northern Iraq via Ceyhan in Turkey.

These products. similar to the solar tile created by Tesla. can become a part of a building’s architecture to generate electricity.

Shell’s 50% share in the petrochemicals JV sold to SABIC for $820 million.