Tag Archives: International News Agency

The energy sector is an important area for investment. given Turkey’s high dependence on energy imports.

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.

In May 2013. Iran agreed to provide Syria with a $3.6 billion credit line to imports goods and commodities.

The US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.

Rosneft and CEFC have been at the center of that burgeoning relationship.

OPEC estimated supply from non-OPEC countries next year would rise by 1 million bpd.

Malaysia’s national oil company Petronas holds a 30 percent stake in the field while the Iraqi government holds the remaining 25 percent.

Shell submitted a proposal for developing Azadegan and Yadavaran oilfields south of Iran last month.

NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%.

Qatar. OPEC’s fourth-smallest producer. pumped 610.000 barrels of crude a day in August compared with more than 700.000 barrels daily in 2014.