International

Maersk Oil exploration costs are now expected to be below the 2016 level’s of $223million.

LUKOIL owns a 10-percent stake in the consortium for the development of the giant Shah Deniz gas field in Azerbaijan.

India'.s crude oil import bill is expected to increase 23% from $70 billion in 2016-17 to $86 billion in 2017-18.

Tiny Kuwait. an OPEC member nation. has the world'.s six-largest estimated oil reserves.

Rosneft. Russia'.s biggest oil producer. is 50 percent state-owned.

Investigators found that a gas detection system. which formed part of the current fire and gas detection assessment. had never been installed.

The IMF noted that the medium-term growth prospects for Iraq are positive.

In June 2014. Gazprom switched Ukraine to a prepayment scheme citing its massive gas debt.

It is an initiative to bypass Central Europe and in the future to create the possibility for Russia to blackmail Central European countries.

According to the Russian Energy Ministry. it expects the EU to further clarify its decision to blacklist two of the ministry’s officials.