Tag Archives: Asia

Iran has been producing around 3.8 million bpd of oil in recent months.

The two sides will also discuss the possibility of installing five power generation stations with a capacity of 125 MW at Banias power plant.

Petronet will buy the LNG on delivered basis with a price equivalent to about 12.5 percent of Brent oil prices.

The two sides also exchanged views on expansion of relations in other domains. including energy. roads. agriculture and trade as well as tourism.

SOFAZ was established in Azerbaijan in 1999 and the Fund’s main source is revenues from the sale of oil and gas that account for the state share.

Dating back to the 1900s. Baker Hughes is a leading supplier of oil field services. products. technology and systems to the worldwide oil and natural gas industry.

PGPIC is Iran'.s largest petrochemical company with over 60 subsidiaries. owning more than 11% of Iran'.s capital market.

The cooperation of non-OPEC countries. in particular Russia. is good in the deal to reduce oil supply.

In the first half of 2017. the ACG field production averaged 585000 bpd from the six platforms.

BP stated that the crane is capable of placing 750t subsea structures as far as 600m below sea level.