Gas

The US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.

NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%.

Qatar. OPEC’s fourth-smallest producer. pumped 610.000 barrels of crude a day in August compared with more than 700.000 barrels daily in 2014.

Basra Gas Company is a joint venture between Shell. South Gas Company and Mitsubishi and the Petrochemical Project NEBRAS.

The new rules will put solidarity first when it comes to dealing with disruptions to gas supply.

Last year. Gazprom used their pipelines to deliver over 80 billion cubic meters of natural gas. or roughly 46% of its Europe-bound gas deliveries.

Total will operate the SP11 project with a 50.1 percent interest. while Iranian Petropars company will have a share of 19.9 percent and the Chinese CNPC 30 percent.

Based on the agreement signed on Wednesday. Sofregaz will cooperate with Iran'.s Samin Sazeh over the project.

The cooperation of non-OPEC countries. in particular Russia. is good in the deal to reduce oil supply.

TANAP project envisages transportation of gas from Azerbaijan'.s Shah Deniz field to the western borders of Turkey.