Tag Archives: Asia

CNOOC has a 25 interest in the steam injection scheme. which aims to produce 20.000 barrels a day by late 2018.

Asia is a key market for every exporter of crude oil.

The oil produced in Kirkuk is exported to global oil markets via Turkey'.s Ceyhan port.

The meetings are being co-chaired by Kuwait and Russia. in the presence of representatives from Saudi Arabia. which is serving as president of OPEC for 2017.

Pertamina and NIOC signed a memorandum of understanding (MoU) to carry out a preliminary study on the oil and gas fields.

Over the past two decades. natural gas has emerged as a primary fuel. driven by concerns over greenhouse gas emissions and the desire for high conversion efficiency in power generation.

Asian companies have actively sought downstream projects in Iran'.s emerging petroleum industry after the easing of international sanctions in January of last year.

China insists oil and gas exploration is taking place within its own waters after long-standing territorial dispute flares up.

Last June. Italy'.s state-run shipbuilding corporation Fincantieri announced a 4-billion-euro contract to deliver some vessels for Qatari Navy.

The Siemens consortium. which includes Turkey'.s Kalyon and Turkerler. submitted a bid of $3.48 cents per kilowatt-hour to beat a rival bid from Chinese firm Ming Yang.