Asia is a key market for every exporter of crude oil.

Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.

In recent months. onshore U.S. oil producers have seen oil field service costs rise with the increase in drilling activity in places like West Texas and Oklahoma.

GECF was set up as an intergovernmental organization with the objective to increase the level of coordination and strengthen the collaboration among the member countries.

Construction work at the plant to be built near the city of El Alamein. is expected to create 20.000 jobs.

The U.S.'. latest law imposing new sanctions on Russia materially increases uncertainty in European gas markets.

The centralized electricity supply for the Crimea has a total consumption of about 1280 MW.

In June 2014. Gazprom switched Ukraine to a prepayment scheme citing its massive gas debt.

Statoil is cutting its exploration guidance for this year from US$1.5 billion to US$1.3 billion related to efficiency gains and stricter prioritization.

Rouhani’s list of nominees does not include any female ministers despite his passionate defense of gender equality and women’s participation in the public sphere.