Tag Archives: International News Agency

Top priority has been assigned to developing joint oil and gas fields because our neighbors are drawing from the underground resources at a rapid pace.

Saudi Arabia ".clearly sees Asia as its backyard and as a center of growth and long-term source of demand.

Plans are in place to increase the number of liquefied petroleum gas carriers to help NIOC establish a foothold in the global market.

Iraq is the second-largest member of OPEC after Saudi Arabia.

Last week. Shell signed up to a G20 task-force working on a framework to improve the ability to assess and price climate-related risks.

Qatar is the world’s biggest producer of Liquefied Natural Gas (LNG). Qatar’s current production is up to 77 million tons per year.

A fifth trade source surveyed by Reuters said the price for the grade would remain unchanged from this month.

An estimated $2 billion in projects are underway to expand the natural gas network to 46 small towns and 5.000 villages by the end of the current fiscal year.

Germany has been getting up to 85 percent of its electricity from renewable sources on certain sunny. windy days this year.

The SOCAR is Azerbaijan’s largest oil and gas company and AzMeCo’s activity is focused on petrochemical projects development.