Gas

Rosneft is one of the international firms involved in the exploration and exploitation of Egypt’s Zohr gas field.

Petronas will continue to focus on growing its crude oil business which now contributes to 80% of its $1.5 billion revenue from India.

The current contract for the supply of Russian gas to Poland is in effect until January 1. 2020.

US President Donald Trump in early August signed a law that envisions the expansion of a number of sectoral sanctions against the Russian economy.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

The project. worth 12 billion yen. will be through a sector soft loan from Japan'.s Official Development Assistance (ODA) that will be paid over 40 years. including a 10-year grace period.

GECF was set up as an intergovernmental organization with the objective to increase the level of coordination and strengthen the collaboration among the member countries.

Gazprom is the only company that currently has the right to export pipeline gas from Russia.

The production of gas in the region increased by 10 percent over the past five years and reached 32.8 billion cubic meters of gas.

Zohr was discovered by Eni in August of 2015 and. with a total potential of 850 billion cubic meters of gas in place. is the largest natural gas field ever discovered in the Mediterranean.