Tag Archives: Asia

Iran has already built 900 kilometers of the pipeline on its own soil and is waiting for the 700-kilometer Pakistani side of the pipeline to be constructed.

The KRG in recent weeks has resolved a series of its disputes with oil and gas firms ahead of next week’s vote.

The Kurds are expected to vote on their political status in late September.

Whatever the outcome. after several years of stagnation since 2010. Kazakh crude output will rise in both mid- and long-term.

Vitol. the world’s largest independent commodity trader. is increasing its export prepayment deals to secure more oil trade with cash-strapped producers.

TAP’s shareholding is comprised of BP (20 percent). SOCAR (20 percent). Snam S.p.A. (20 percent). Fluxys (19 percent). Enagás (16 percent) and Axpo (5 percent).

Lebanon is seeking to develop its energy assets after lagging behind Cyprus. Egypt and Israel in exploring for oil and natural gas in the eastern Mediterranean.

Oil will remain the most important commodity in the world.

The global oversupply and competition from US Shale are persistently challenging the oil cartel'.s plans.

Further delays to cuts in government subsidies will not come as a surprise as security officials in the country deal with low level unrest.