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The drilled wells consisted of two exploration wells and 35 development appraisal wells as well as 59 workover ones.

Oil prices remained fairly range-bound in 2019 despite geopolitical shocks and OPEC output cuts.

The facility will begin commercial operations next year.

Gas is supplied to 97 percent of people in the urban areas and 82 percent of people in the rural regions.

Chinese EV makers believe that it’s now their second chance to try to manufacture good-quality electric cars.

China has been promoting efficient. large-scale use of natural gas in sectors including industrial fuel. gas-fired power and transportation.

Other important products heavily exposed to disruption to shipping in the Strait of Hormuz include monoethylene glycol (MEG). ethylene and methanol.

Shell’s PC production units will also produce alkyl carbonates.

Iran'.s petrochemical production capacity is going to double by the end of Iranian calendar year of 1404 (March 2026).

LNG is normally ferried by large vessels with 70.000-ton capacities.