Tag Archives: Europe

Berlin is determined to broaden and bolster economic relations with Tehran.

In 2013. Vankorneft was chosen as an operator on development of new fields of Vankor Cluster located close to the Vankor field.

Analysts say oil production in the region - apart from Prirazlomnoye - is years away and may start only in the mid-2020s.

Russia and its state firm Gazprom cover one-third of Europe’s gas needs.

OPEC oil basket’s price stood at $44.23 per barrel on June 27. or $1.09 more than on June 26.

A second gold rush is taking place on a small island few people know about.

The country’s oil and gas resources management body will launch a tender for exploration licenses in the blocks by the end of June.

According to the Oil and Gas Authority (OGA). UK’s gas import dependency would rise to 78 % in 2035. compared to 48 % dependency estimated for 2017.

Qatar and Russia have long been rivals in global gas markets.

Eni and GE will work jointly to evaluate the feasibility of building a 50MW wind power plant and also in exploring further initiatives in Kazakhstan.