Tag Archives: Natural Gas

South Pars is a joint gas field shared by Iran and Qatar. The section of the field lying in the Qatari territory is called the North Dome.

Liquified natural gas imports will be limited to 80 shipments worth $1.8 billion in 2017 18 in anticipation of Zhor'.s completion by late 2017.

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

In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.

In terms of oil. it’s estimated that the Arctic has 90 billion barrels of oil that is yet to be discovered.

The United States will continue to urge all countries on the UN Security Council to fully comply with sanctions and resolutions with respect to North Korea.

The sustained growth in demand is not expected to result in surging prices as forecast for LNG supply is higher until 2024.

China. the world’s biggest oil consumer after the U.S.. has sought a foothold in crude production everywhere from Africa to Canada.

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 US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.