Gas

In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.

The sustained growth in demand is not expected to result in surging prices as forecast for LNG supply is higher until 2024.

The development of Phase 13 involves drilling 38 production wells.

Ethanol in gasoline is an ideal alternative to fossil fuel.

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.