International

In June. the White House said that the United States is determined to become be a global player in exporting LNG.

Oilfield services providers would be expected to invest in the fields in exchange for payment for every barrel of oil or Btu produced over an established baseline. the report added.

Iraq is the second-largest member of OPEC after Saudi Arabia.

Germany is Iran’s largest trade partner in Europe.

In terms of daily production. the fields will yield 50. 000 barrels of crude oil per day and 120 million standard cubic feet of gas per day by early 2019.

Russia and its state firm Gazprom cover one-third of Europe’s gas needs.

The dispute escalated when Kurdistan’s deliveries to the US were blocked and Iraqi government threatened to take action against companies transporting the Region’s crude.

Gazprom has a unit operating in the UK. Gazprom UK Trading. as well as a Manchester-based industrial and commercial supply unit. Gazprom Energy.

Eni won two of its blocks in partnership with Citla Energy. an independent Mexico explorer. and one with Capricorn Energy. a unit of UK explorer Cairn Energy.

Rosneft experts while drilling a prospecting well on the shelf of the Khatanga Bay of the Laptev Sea found that the core is saturated with oil.