Tag Archives: Export

The project is strategic for Saudi Arabia. which plans to expand further into the petrochemical chain to export more end products and grow beyond oil.

The US Energy Information Administration (EIA) expects the country’s LNG exports to increase in coming years.

The country'.s main export grade. marketed as Iran Heavy. gained 42 cents to reach $49.35 per barrel. matching its 2017 average.

Over the past few years. Iran had been pursuing exporting natural gas to Kuwait. Oman and Iraq.

The price for September futures of West Texas Intermediate (WTI) grew by 0.84 percent and stood at $47.77 per barrel.

South Asia is emerging as the new hot spot for LNG. with Pakistan and Bangladesh set to join India as major consumers.

In 2015 Schlumberger agreed to buy 45.65% of EDC for $1.7 billion but the deal fell through after FAS repeatedly postponed its approval.

It is expected that in 2018. the consolidated turnover of SOCAR Turkey Enerji will reach $15 billion.

The bulk of Iraq'.s oil is exported via the southern terminals. Smaller amounts are shipped from northern Iraq via Ceyhan in Turkey.

Iran produces around 880 million cubic meters of gas a day. two-thirds of which come from South Pars.