Tag Archives: International News Agency

Azar holds 2.5 billion barrels of in-place oil. but new reservoir studies on the field suggest a much higher figure of 4 billion barrels.

Gazprom is ready to hold negotiations with Naftogaz of Ukraine on gas transit after the expiration of the current contract.

Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.

Other large energy majors are looking to divest distribution assets and focus more on core exploration activities.

The North-South transport corridor is designed to connect Northern Europe with India and Southeast Asia.

Phase 14 is expected to become fully operational by the end of the current fiscal year.

IEA expects an increase in shale oil production and exports to Europe and Asia in the long term.

The major part of the summit is being dedicated to several important topics.

China’s total crude oil imports in March rose to the second-highest on record at 9.2 million bpd.

Norwegian firms are expanding their foothold in Iran'.s lucrative and untapped energy market gradually.