Companies

SOCAR also plans to purchase Turkish assets of the German energy giant EWE.

The exemption will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC through direct rupee payments.

The launch of the crude oil program will make a significant contribution to the company'.s liquids production growth.

Even some countries like Turkey and Saudi Arabia who played negative role in Iraq are among Iran'.s rivals in Iraq.

Earlier this year Gazprom said exports could reach 205 Bcm in 2018.

Sixteen companies. including five majors. have submitted 60 applications for the five acreages on offer in Ghana’s first licencing round.

The Arctic LNG 2 project envisages constructing three LNG trains at 6.6 million tons per annum each.

Iran says that China National Petroleum Corporation (CNPC) is replacing Total in the South Pars gas project.

Rosneft said the total recoverable oil reserves at five blocks may amount to 670 million barrels.

The focus of the new venture will be on opportunities with significant potential for local value creation.