Syrian government is working on the rehabilitation of three other fields in the same area in order to boost its energy production.
Read More »Washington Threatens Sanctions for Nord Stream 2
Europe has been very active in showing its support for gas transit revenue dependent Ukraine.
Read More »Maduro Wins Second Term amid Boycott
Increasing authoritarian rule and mismanagement of the all-important state-run oil industry have caused a deepening economic crisis.
Read More »Pertamina still in Talks over Oil Field Deal in Iran
The Iranian government has given Pertamina an early May deadline to seal a deal for developing Iran’s Mansouri oil field.
Read More »Novak to Retain Post in New Government
Russia’s Energy Minister Alexander Novak will retain his post in the new government.
Read More »Azerbaijan Invites US Companies to Invest in Non-Oil Sector
The US is ready to work closely with the countries of the region in this direction.
Read More »Yuan Oil Contracts to Strengthen China`s Currency Status
The share of yuan-backed crude oil contracts has soared to 12 percent of global trading since the US withdrawal from the Iran nuclear deal.
Read More »BP chief Sees Shale. OPEC Cooling Oil Markets
The surge in U.S. output has been offset by deep supply cuts for over a year by OPEC and other producers including Russia.
Read More »Putin Seeks Common Cause with Merkel over Trump
The volume of transit would have to be ".commercially viable". for Ukraine.
Read More »Ukraine should not be Afraid of Nord Stream 2
The Nord Stream-2 project involves the construction of two lines with a total capacity of 55 billion cubic meters of gas per year.
Read More »