Russia will hold a ministerial meeting for several representatives of OPEC member states as well as a number of non-members in St. Petersburg towards the end of this month.

The investment to develop non-conventional hydrocarbons of Vaca Muerta. in the areas of Aguada Pichana and Aguada de Castro will be made through December 2021.

Iran'.s crude oil and condensate exports to Europe has reached one million barrels per day.

This is the first exploration well in production licence 849. The licence was awarded in APA 2015.

OneSubsea and Subsea 7 will deliver a turnkey integrated project from design through supply. installation and commissioning.

Azerbaijan imports Premium gasoline and its free price. as it is known. is quite high in the market.

Under the terms of the deal. Iran’s Petropars is committed to finance the study phase of the project while Toyo of Japan will undertake financing of its executive phase.

OPEC members Libya and Nigeria have boosted production since they were exempted from an OPEC-led deal to cut output. weighing on global prices.

The development of Phase 11 of the South Pars project will cost up to $5 billion.

Iran'.s installed electricity capacity is currently about 76.000 MW.