Social and Events

Eni is the Operator of Block 6 with 50% of participation interest while Total is partner with the remaining 50%.

Shah Deniz stage 2 is on track for start-up in 2018. currently on time and under budget.

This cooperation will help the normalization of the socio-economic situation in the country.

Subsidiaries of CNOOC. Hess Corp. Chevron Corp and Statoil ASA each have a 25-percent stake in the project. while Hess is the operator.

These two companies will retain a shared 30 percent interest alongside operator ExxonMobil. which has a 35 percent stake.

Armenia by around 30.000 kilometers area and with a population of 3 million is located in Caucasus Region and in the year 1991 it became independent from the Soviet Union.

Abouzar is located 76 kilometers southwest of the Kharg Island.

Production from all oilfields in West Karoun block is close to 300.000 barrels a day.

Iran exported its first wheat consignment of 29.630 tons to Oman in June.

Goldman Sachs raised its three-month forecast for Brent to $75 from $62 and its six-month forecast to $82.50 from $75.