TANAP is scheduled to begin carrying 16 billion cubic meters (bcm) of gas annually in 2018 or 2019 from Azerbaijan.

There was no immediate comment from Repsol on whether the MoU'.s focus would be predominantly on oil. or both on oil and gas.

Tesla will partner with renewable energy provider Neoen and will charge from its Hornsdale Wind Farm in the state.

Turkey will continue to be a part of all pipeline projects to diversify resources.

Total. which will take over the field operation from Maersk Oil on July 14. plans to invest $2 billion in expanding the field over the next five years.

Iran aims to attract more than $70 billion for dozens of new petrochemical plants in line with plans to double its petrochemical production capacity in five years.

Kazakhstan wants a gradual exit from an OPEC-led deal on oil production curbs and a rise in output one or two months after its expiry.

Iran is producing around 4 million barrels a day of crude oil.

Annual report gives little away on IPO. but offers hints about downstream plans.

Iran’s oil refining capacity reportedly stands at around 1.8 million barrels per day.