The new venture is seeking regulatory approvals and would be run as an independent entity. the consortium said in a statement.
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Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.
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TANAP project envisages transportation of gas from Azerbaijan’s Shah Deniz field to the western borders of Turkey.
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Netanyahu has praised Trump'.s decertification of Iran. which has deeply unsettled the European allies of the United States.
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Plans are in place to increase the installed power generating capacity to 81.000 in 2018 before exceeding the 90.000-MW mark in 2019.
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Upon signing the agreement. JPC will be provided with the much-needed technical know-how to raise ethylene output.
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There is a general satisfaction with the strategy of 24 countries that signed a declaration of cooperation.
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Five European energy firms are financing the 1.225 km (760 mile) pipeline to carry 55 billion cubic metres of gas per year.
Read More »Iraq`s Oil Export Talks with Turkey Vexed by $4-Billion Kurd Debt
Iraq is holding talks with Iran to truck 15.000 bpd of Kirkuk crude to Iran’s Kermanshah refinery.
Read More »Iran`s Petrochemical Exports Rise 13%
The lion'.s share of petrochemical exports is bound for India. China and South Korea.
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