Tag Archives: Minister

India’s biggest gas importer Petronet LNG annually buys 8.5mn tonnes under a long-term contract.

Total reached a preliminary agreement to invest $4.8 billion to develop the massive gas deposit alongside China National Petroleum Corp.

Rosneft experts while drilling a prospecting well on the shelf of the Khatanga Bay of the Laptev Sea found that the core is saturated with oil.

The allocation of the $13-billion credit line by South Korea to Iran would open the way for Japanese and European banks to do the same with the country.

OPEC members Libya and Nigeria were exempted from the supply cuts because unrest had curbed their output.

Total had declared that the final decision on agreement with Iran depends on the extension of Iran’s sanctions relief by the US government.

OPEC holds its next regular meeting in Vienna on Nov. 30.

Washington has long been arguing for the geopolitical importance of LNG exports to Europe.

Pakistan is suffering from severe energy shortage and it is among oil and gas importing countries.

European foreign policy chief. Federica Mogherini. said she is confident the United States would stick to the 2015 Iran nuclear deal. because the agreement is working.