Companies

Statoil has invested more than $10 billion in Brazil. making it the country'.s largest foreign offshore operator.

Iran will continue to rank first to third among main energy players in the world.

China'.s Unipec. the trading arm of state oil major Sinopec. is planning to ship jet fuel from Asia to Europe for the first time in several years.

Short-term variations in supply won’t affect the long-term trend of declining inventories. Al-Falih said.

The need to transfer AzMeCo to SOCAR arose due to AzMeCo’s debts to the International Bank of Azerbaijan.

Crude prices fell about 4 per cent this week after US data showed a surprise 3.3 million barrel rise in crude inventories to 513.2 million barrels.

Tehran is looking to ramp up its crude output and with 37 billion barrels of oil.

Farzad B was discovered by OVL in the Farsi block about 10 years ago.

Boeing 737 MAX planes - that would enter service in the second half of 2017 – have a passenger capacity of 130 people and are specifically adequate for domestic and regional flights.

Nord Stream 2 project presumes the construction of two gas pipelines with a combined annual capacity of 55 billion cubic meters of gas.