Tag Archives: Asia

Construction of the Turkmen section of TAPI was launched on Dec. 13. 2015.

Injecting gas into oil fields had a central role in Iran’s plans to increase its oil production.

The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean.

The two neighbors share 6 oilfields namely Azar. Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

Japanese and South Korean firms have also improved ties with Iranian firms. in recent months.

Within OPEC. Saudi Arabia has shouldered the burden of the production cuts. offsetting poorer compliance by other nations.

Iran is firm in its self-proclaimed mission to reach pre-sanction levels of oil output and exports.

Joint projects will be implemented in the sectors of energy. transport and transit traffic.

The work on IP project could not be initiated due to international sanctions on Iran.

Despite the supply adjustment. stocks have continued to rise. not just in the US. but also in Europe.