JOG and CIECO hold 18% and 12% interest in the P.2170 Licence respectively.
Read More »Turkey`s Unit International. Russia`s Zarubezhneft and Iran`s Ghadir Sign Drilling Deal
The natural gas extracted from the drilling will be equal to 1.5 times the 50 billion cubic metres of gas Turkey imports annually.
Read More »Ukraine Can Facilitate Exports of Iran’s PetChem Products to Europe
Iran’s exports of petrochemicals to Ukraine increased by 70% in the first 6 months of 2017 compared to the same period last year.
Read More »China to Build New Shale Gas Bases. Offer More Oil and Gas Block Tenders
The steps come as China ramps up its exploration efforts as crude oil production from ageing wells drops.
Read More »Iran Rises Oil Exports to South Korea by over 26% in July
In July. Iran exported 2.2 million bpd of oil to Asian and European markets. with its exports to Asia up by 100.000 bpd.
Read More »OPEC Oil Price Decrease
The price for September futures of West Texas Intermediate (WTI) grew by 0.02 percent and stood at $48.83 per barrel.
Read More »Increase of Iran`s Oil Export to India
Iran’s total oil production currently stands at around 4 million bpd and its most important clients are China. South Korea. India and Japan. respectively.
Read More »Turkey’s First Indigenous Solar Panel Factory to Be Established in Ankara
The solar project in Karapınar will meet the energy needs of more than 600.000 households and will create around 1.500 new jobs. according to energy officials.
Read More »Siemens Announces Technology Push for Improved Power Plant Efficiency
Siemens is developing this class in an evolutionary development step derived from its proven SGT-8000H technology.
Read More »India Uses Bio Fuel for Its Warships
India'.s crude oil import bill is expected to increase 23% from $70 billion in 2016-17 to $86 billion in 2017-18.
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