Tag Archives: Asia

The MoU was signed on the sidelines of Iran Oil Show 2017 in Tehran last Monday.

There could be more cuts if there are other non-OPEC countries that will join the agreement.

The Department of Energy in April capped natural gas exports to non-FTA countries at 19.2 billion cubic feet per day.

During the first quarter of 2017. implementation of the Shah Deniz Stage 2 project continued successfully.

Iraq is on board with extending the deal in the next OPEC meeting to help stabilize oil prices and balance the market.

India'.s main crude suppliers. Saudi Arabia and Iraq. cut exports to India this year due to production curbs.

Gazprom exports met around 34 percent of European gas demand in 2016. a record high.

Export of Iran'.s electricity to Iraq is about 1500 megawatts.

MAPNA is now busy implementing diversified energy projects in Algeria. Iraq. Oman and Indonesia.

An extension of the OPEC agreement will not be enough to raise global oil prices significantly.