International

In 2015 Schlumberger agreed to buy 45.65% of EDC for $1.7 billion but the deal fell through after FAS repeatedly postponed its approval.

It is expected that in 2018. the consolidated turnover of SOCAR Turkey Enerji will reach $15 billion.

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.