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Russia is the largest non-OPEC contributor to the production cut agreement. now in its second year.

More than 75 percent of the equipment for developing the output is Iranian.

The total proven crude oil reserves in member countries decreased by 0.3 per cent to 1.214 billion at the end of 2017.

LNG in Australia is a huge business.

Iran’s crude oil exports hit 2.7 million bpd in May. higher than its average volumes over the past year.

Iran exported 2.4 MMbbl d of crude oil in May. SHANA reported. and 300.000 bbl d of natural gas condensate.

Total said on May 16 that it would pull out of South Pars if it did not receive a waiver from the United States.

Turkey is Iran'.s biggest buyer of gas by importing 30 mcm d. and gas exports to Iraq'.s Basra will begin in the near future.

Eighteen Nordic companies pressed EU energy ministers yesterday in a letter in an attempt to get the politicians to back 35% renewable energy target by 2030.

Novatek was established in 1994 and is involved in the exploration. production. processing and marketing of natural gas and liquid hydrocarbons.