About $11 billion of Turkey’s negative trade balance accounts for the petrochemical sector.
Read More »Lukoil Launches Cylinder Oil for Low-Sulphur Fuel
The current global limit for sulphur content of ships’ fuel oil is 3.5% by mass.
Read More »LNG Traders Evaluate Impact of Saudi-Led Diplomatic Blockade of Qatar
More than 60% of Egypt'.s LNG imports in 2016 -- 4.61 million mt of a total 7.26 million mt -- were sourced from Qatar.
Read More »Russia and Austria`s Firms May Cooperate in Iran Project
OMV could help Gazprom Neft in the initial geological assessment of two blocks in Iran.
Read More »SOCAR: Production at Shafag-Asiman Gas Block May Start in 2030
SOCAR and BP signed a contract on the Shafag-Asiman block of fields for a period of 30 years in October 2010.
Read More »Siemens Gamesa to Supply Turbines and OTM for Albatros Offshore Windfarm
Siemens Gamesa will install both windfarms’ plants in parallel. Installation will start in spring 2018.
Read More »TANAP’s 56-Inch Section Practically Complete
TANAP project envisages transportation of gas from Azerbaijan'.s Shah Deniz field to the western borders of Turkey.
Read More »Qatargas Tells Japan`s JERA No LNG Supply Impact After Rift
Qatar is the world'.s biggest exporter of LNG. while Japan is the largest importer.
Read More »Aramco Raises Crude Pricing to U.S. and Asia on Increased Demand
Saudi Aramco had cut Arab Light pricing to Asia for the past three months as the kingdom fought to defend sales.
Read More »South Korea Plans Energy U-Turn Away from Coal. Nuclear
The price of gas-fired electricity in March was 129.51 won ($0.1160) per kilowatt-hour (kWh). 40 percent more than coal and nearly double the cost of nuclear power.
Read More »