Tag Archives: International News Agency

Since 1996 Poland has been getting the vast majority of its gas from Gazprom.

Iran has steadily reconnected with buyers across Europe since sanctions were lifted and NITC expects to play a bigger role.

The operation of the Al Shaheen Field under the new arrangement runs for 25 years. starting on July 14.

OPEC must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors.

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.

Kazakhstan remains committed to its obligations under the global oil output cut deal between OPEC and non-OPEC members which lasts until April 2018.

The field holds 2.5 billion barrels of crude oil in place. some 400 million barrels of which are recoverable.

The ministerial meeting will be preceded by a meeting of a technical committee involving all OPEC and non-OPEC members currently participating in the oil output cutting deal.

The biggest exploration expenses are expected for blocks Parsa and Bamdad in the Gulf. amounting to 80 million euros and 75 million euros respectively.

After two years of unprecedented decline. IEA expects global upstream oil and gas investment to stabilize in 2017.