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The Kirkuk area in northern Iraq produces about 230.000 bpd for local refining.

Saudi Arabia. the world'.s largest exporter. has claimed that it can respond to the Iranian shortfall.

Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.

ExxonMobil. ENI and Total have all said they are committed to energy drilling near Cyprus.

Fuel prices jumped 7% in the first half alone. more than double the overall rate of price increases.

Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).

OPEC agreed in June to pump more oil after pressure from U.S. President Donald Trump to curb rising prices.

The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side decided to cut oil imports from Tehran by about a third in 2018-19.

The number of LNG bunkering vessels has grown from one at the beginning of 2017 to six in early 2018.

In the west of the country. the Company actively pursues strategic projects aimed at enhancing Russia’s Unified Gas Supply System (UGSS).