Tag Archives: Middle East

Syrian government is working on the rehabilitation of three other fields in the same area in order to boost its energy production.

LUKOIL will remain one of the largest investors and employers in Iraq in the coming years.

Turkey will start deep-sea drilling in the Mediterranean this summer.

Iran-Iraq gas export contract is currently a six-year deal. but it can be extended.

The Aphrodite discovery in Cyprus’ Block 12 was made in late 2011.

Iraq is OPEC'.s second-largest oil producer. after Saudi Arabia.

The final investment decision for the realization of this giant investment. which will exceed $3 billion. will be made in 2019.

Iraq exported 100 million barrels of oil in April. a daily rate of 3.3 million barrels.

The good news of this recovery this year is that the outlook is positive for both oil-importing countries and oil-exporting countries.

BOTAŞ and SOCAR will own 50 percent of the company each and are not considering a third partner as yet.