Tag Archives: Cooperation

The gas transmission capacity of the project can be increased to 24 billion cubic meters first and to 31 cubic meters with additional investments later.

Iranian and Turkish officials have already reached agreement to set up a joint bank.

The cuts have been supported by some non-OPEC producers. most notably Russia.

Russia’s largest private natural gas company. Novatek. secured vital funding for its Arctic LNG 2 plant.

The US decision damages regional cooperation and Turkey’s trade relations.

Iran will hold the US and those countries accountable for the negative consequences of attempts to chock Iranian oil exports.

France reports progress in efforts towards the implementation of a direct payment mechanism. which the European country has launched alongside Britain and Germany to safeguard trade with Iran in the face of US sanctions.

Russia’s crude oil production in April stood at 11.24 million barrels per day. still slightly off its promised level of 11.191 million bpd.

China as a buyer needs gas and a reliable long-term source.

Turkey is interested in supplying energy resources of the Caspian basin to the world markets.