Tag Archives: Europe

Total signed a preliminary agreement last year to develop Phase 11 of the giant South Pars field in tandem with China'.s CNPC and its Iranian partner Petropars.

Pertamina has signed a joint venture agreement with Aramco for the Cilacap refinery upgrade with a total investment value of around US$5.8 billion.

The projects will be commissioned in the 2018-22 timeframe with prices corresponding to about €115-135 MWh ($129-151 MWh).

The expansion will enlarge Duke’s Lincoln Combustion Turbine Station and allow for the production of enough additional peaking energy to meet Duke Energy customers'. needs in the Carolinas by 2024.

European foreign policy chief. Federica Mogherini. said she is confident the United States would stick to the 2015 Iran nuclear deal. because the agreement is working.

NOC said the deal would allow production to begin immediately in Wintershall'.s concession areas in eastern Libya. NC 96 and NC 97.

More than half of the growth in renewable power came from wind. which rose 16 per cent. while solar energy grew by 30 per cent as costs continued to fall sharply.

The total value of the transaction is 1.368 billion euros.

The biggest obstacle to Iran reintegrating into the global financial system is the remaining US sanctions.

The export of Russian oil grew by 2.1 percent. to 8.6 million barrels per day last year.