Tag Archives: International

Construction and assembly works on the new project. proposed by the plant. have been started to improve the process of separating oil products from industrial water.

Trio plus Kazakh agree to keep all options open including the possible extension of output cuts beyond next March.

Iran has been producing around 3.8 million bpd of oil in recent months.

Last year. Gazprom used their pipelines to deliver over 80 billion cubic meters of natural gas. or roughly 46% of its Europe-bound gas deliveries.

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.

The two sides also exchanged views on expansion of relations in other domains. including energy. roads. agriculture and trade as well as tourism.

Total will operate the SP11 project with a 50.1 percent interest. while Iranian Petropars company will have a share of 19.9 percent and the Chinese CNPC 30 percent.

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.