Companies

Venezuela exports about 500.000 barrels per day (bpd) of crude to the United States.

Raising production from South Azadegan Oilfield is a declared policy of the Petroleum Engineering and Development Company.

Aramco'.s plan to buy a stake in Hyundai Oilbank can be seen as Saudi Arabia'.s move to secure its market share in South Korea.

BP'.s investment will enable Belmont Technology to expand its workforce.

Kogas is now expanding its business in the global market and is participating in 13 exploration and production projects.

Total also planning to expand its Nigerian LNG project this year.

These two contracts refer to. respectively. the development of offshore fields in Berri and Marjan.

Under the Agreement. ENI and BP hold 50% each with Eni acting as operator during the exploration phase.

BP is targeting the Shafag-Asiman area. which could be a similar size to Shah Deniz 2.

BP and Shell hold equal stakes in the Manuel discovery.