In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.
Read More »Turkey Plays Key Role in New Global Ecosystem
Turkey has been heavily investing in infrastructure projects to reinvigorate country’s transportation infrastructure.
Read More »Tillerson: Imposing Oil Embargo on North Korea Will Be `Very Difficult`
The United States will continue to urge all countries on the UN Security Council to fully comply with sanctions and resolutions with respect to North Korea.
Read More »Fossil-Rich Kazakhstan Opens Arms to Secure the Future of Energy
Kazakhstan is ready for international cooperation in development of sustainable energy to find solutions to the energy crisis.
Read More »Azar Oilfield Output Hits 4 Million Barrels
Azar holds 2.5 billion barrels of crude oil and is one of the joint fields with Iraq.
Read More »Turkey and Azerbaijan Agree to New Gas Pipeline
In the newly signed contract. Azerbaijan’s share of the oil will be 75 per cent. and bonus payments by foreign investors will reach $3.6 billion.
Read More »Schlumberger Announces New Digital Well Construction Planning Solution
The DrillPlan solution will be available in North America land operations in fourth-quarter 2017.
Read More »New Jacket for South Pars Phase 13
The development of Phase 13 involves drilling 38 production wells.
Read More »Turkey Aims to Increase Investment in Energy Sector
The energy sector is an important area for investment. given Turkey’s high dependence on energy imports.
Read More »Azerbaijan`s SOCAR Seeks 25 pct Share in Deal with BP on Oil Fields
Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.
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