Tag Archives: Asia

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.

In 2017. non-OPEC oil supply is projected to grow by 0.40 million barrels per day.

Around 11.000 MW. or roughly 15% of Iran'.s total electricity output comes from hydroelectric facilities.