Companies

Each line will have the throughput capacity of 15.75 billion cubic meters of gas per year.

One of the aims of Sonatrach’s new venture would be to supply crude to the Italian refinery.

Gazprom had recently submitted proposals to the NIOC to study Changuleh and Cheshmekhosh fields.

Rosneft is Germany’s third biggest oil refining market player. with aggregate capacity of 12.5 million tonnes a year.

Sakhalin-1 is operated by Exxon Neftegaz Ltd. through which ExxonMobil owns 30 percent in the project.

Rosneft supplies Germany with fuel via petrol stations operated by its partners BP and Total.

Sechin said last month he was satisfied with oil prices rising to $70-$80 per barrel.

CNPC has now a 30 percent stake. while Iranian company PetroPars holds the remaining 19.9 percent.

Sinopec is currently the second largest oil and gas producer in China.

SOCAR plans to increase its headcount in London. including with more LNG-focused hires.