Tag Archives: Middle East

Lebanon is seeking to develop its energy assets after lagging behind Cyprus. Egypt and Israel in exploring for oil and natural gas in the eastern Mediterranean.

Iran is ready to take a serious part in reconstruction of the Iraqi electricity grid once terrorists have been eliminated from the area.

Tribal fighting near oilfields sites is definitely affecting the energy operations and sending a negative message to foreign oil firms.

Turkey has been heavily investing in infrastructure projects to reinvigorate country’s transportation infrastructure.

Syria has been suffering from the armed conflict since 2011.

In the newly signed contract. Azerbaijan’s share of the oil will be 75 per cent. and bonus payments by foreign investors will reach $3.6 billion.

The energy sector is an important area for investment. given Turkey’s high dependence on energy imports.

In May 2013. Iran agreed to provide Syria with a $3.6 billion credit line to imports goods and commodities.

Malaysia’s national oil company Petronas holds a 30 percent stake in the field while the Iraqi government holds the remaining 25 percent.

Joint project company will be named TurkAkim Gaz Tasima AS. says Russian daily.