Tag Archives: International News Agency

In July it became known that Russia. in violation of the sanctions regime. sent gas turbines made by the German concern Siemens (model SGT5-2000E) to the Crimea.

Tribal fighting near oilfields sites is definitely affecting the energy operations and sending a negative message to foreign oil firms.

In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.

In terms of oil. it’s estimated that the Arctic has 90 billion barrels of oil that is yet to be discovered.

The European Union has set itself a target of 100 gigawatts of energy that must be created within the trading bloc from marine resources by 2050.

Turkey has been heavily investing in infrastructure projects to reinvigorate country’s transportation infrastructure.

OPEC is the world’s largest oil cartel and produces roughly 40 percent of the fossil fuel found in international markets.

There are still not enough signs of investment beginning to return. and that raises the risk of tightening of the market in the next five years and a risk to the stability of oil prices.

The United States will continue to urge all countries on the UN Security Council to fully comply with sanctions and resolutions with respect to North Korea.

Smuggling is causing major headaches right now with regard to the fresh round of sanctions the UN imposed on North Korea.