Companies

Malaysia relies on its only Fortune 500 company for nearly a third of its oil and gas-related revenue.

Germany’s Siemens plans to resume providing power transformers to Iran.

Iran and Turkmenistan signed a gas contract in 1997 for a period of 25 years.

The sanctions removal in January 2016 revived the incapacitated oil sector.

Iran has signed MoU with some of big companies to study the joint fields with Iraq.

Russian crude output is at historic highs. European firms are still investing.

Iran produced 3.77 million b d of crude in April.

Oil ministry is in talks with oil and gas giants for $70 billion worth of development projects.

The cost of the project. announced in late 2014. was seen between $12 and $13 billion.

Lukoil is in talks with Iran'.s petroleum ministry and the National Iranian Oil Company (NIOC) for joining projects in the country.