Tag Archives: Asia

Iraq was close to implementing its share of the agreed production cuts and would be in full compliance by the end of the month

. Iran ranks first in the world in terms of gas reserves and is also among the countries rich in oil

.Azerbaijan sells the oil supplied via the Baku-Novorossiysk pipeline through Russia’s Novorossiysk port

.Iran does not need Turkmenistan'.s gas as it does not affect the country'.s domestic needs

.Iran is transferring its experiences to Iraq. Syria and other countries by sending military advisors to these countries

.A company in Turkmenistan unilaterally halted gas exports to Iran as early as January

.It is expected to the agreement to be completed during the next two months

.Production increased throughout 2016. rising from 2.94 million bopd in January to 3.7 million bpd by November

.The price of OPEC basket of thirteen crudes stood at $53.92 a barrel on Feb.2

.The two ports (Chabahar and Gwadar) are not rivals but they complement each other