Tag Archives: International News Agency

The two sides will also discuss the possibility of installing five power generation stations with a capacity of 125 MW at Banias power plant.

Petronet will buy the LNG on delivered basis with a price equivalent to about 12.5 percent of Brent oil prices.

Oil exports are expected to reach up to 2.5 million bpd within five years.

The first preliminary agreement calls for constructing two polyethylene units plus an ethane cracker unit to convert ethane to ethylene.

Maduro said his country was going to trade in oil. gas and gold using currencies other than the US dollar.

Based on the agreement signed on Wednesday. Sofregaz will cooperate with Iran'.s Samin Sazeh over the project.

Exxon has been in talks with Russian gas giant Gazprom for years over gas sales from Sakhalin-1.

SOFAZ was established in Azerbaijan in 1999 and the Fund’s main source is revenues from the sale of oil and gas that account for the state share.

Iran for exporting its oil to Americas needs to carry out further studies.

PGPIC is Iran'.s largest petrochemical company with over 60 subsidiaries. owning more than 11% of Iran'.s capital market.