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The Central Asia – Center gas pipeline system can potentially be used to deliver natural gas from Turkmenistan to the countries of Eastern Europe and the CIS.

SOCAR and BP signed a contract on the Shafag-Asiman block of fields for a period of 30 years in October 2010.

TANAP project envisages transportation of gas from Azerbaijan'.s Shah Deniz field to the western borders of Turkey.

Facilities of the second stage at Yuri Korchagin are to be put into operations in 2018.

Saudi Aramco had cut Arab Light pricing to Asia for the past three months as the kingdom fought to defend sales.

The Saudi allies. in the meantime. have announced their plan to close air and sea transport links to Qatar.

Qatar says move is ".unjustified". and says it carries out its duties in the fight against terrorism.

Saudi Arabia. the UAE. Egypt and Bahrain said on Monday they would sever all ties including transport links with Qatar.

Qatar. like Saudi Arabia and the U.A.E.. is also a member of the Organization of Petroleum Exporting Countries.

Japan’s biggest exploration and production company. Inpex. will consider bidding in the tender to develop Iran’s Azadegan oil field.