International

Sakhalin Energy is a joint venture between Gazprom (50%). Shell (27.5%) and Japanese trading houses Mitsui (12.5%) and Mitsubishi (10%).

China’s and Japan’s Economic Exclusive Zones (EEZ) in the area overlap and about 40.000 square kilometers of ocean territory is in dispute.

Kuwait is the Middle East region’s fifth-biggest oil producer but has limited gas resources.

The US'.s growing trade dispute with China and spats with other trading partners are likely to dampen demand growth.

Southern Iraqi exports in the first 19 days of August averaged 3.7 million barrels per day.

Earlier this month. Yemen was said to have resumed oil exports.

The Nord Stream-2 pipeline is going to be 1.2 thousand km long. with capacity of 55 billion cubic meters of gas per year.

A tariff war between China and the US may damage global trade but could benefit Gulf oil exports.

China imports more than one-quarter of Iran’s oil.

The discovery has been made at well 15 3-11 on the 15 3-4 (Sigrun) located in production license 025. following drilling.