Tag Archives: Asia

Syria has been suffering from the armed conflict since 2011.

China. the world’s biggest oil consumer after the U.S.. has sought a foothold in crude production everywhere from Africa to Canada.

In the newly signed contract. Azerbaijan’s share of the oil will be 75 per cent. and bonus payments by foreign investors will reach $3.6 billion.

If the US$2-trillion valuation becomes a reality. the IPO could bring in US$100 billion. which would make Aramco’s IPO the biggest in history.

Ethanol in gasoline is an ideal alternative to fossil fuel.

The energy sector is an important area for investment. given Turkey’s high dependence on energy imports.

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.

In May 2013. Iran agreed to provide Syria with a $3.6 billion credit line to imports goods and commodities.

Rosneft and CEFC have been at the center of that burgeoning relationship.

Malaysia’s national oil company Petronas holds a 30 percent stake in the field while the Iraqi government holds the remaining 25 percent.