Tag Archives: Minister

Turkey assigned TGC Gökçeada frigate Thursday to observe the drilling ship.

Supply and demand now ``show us we are on the right course`` to achieving OPEC’s goal of reducing stockpiles to their five-year average

The Yamal LNG terminal. which plans to have an output capacity of around 16.5 million tons per year. is expected to be operational by 2018.

Sanctions promoted corruption in Iran in oil and gas business in order to circumvent sanctions.

OPEC must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors.

Last year Pakistan and Qatar had signed multi-billion dollar liquefied natural gas (LNG) deal.

The BP head said that the company would spend $15 billion in projects this year. and in 2018 and 2019.

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Iran’s Petropars 19.9 percent.

The field holds 2.5 billion barrels of crude oil in place. some 400 million barrels of which are recoverable.