Tag Archives: Persian Gulf Countries

Despite its huge conventional gas reserves. Russia’s share in the global LNG market is small. at around 4 percent.

Both Moscow and Riyadh said cooperation would continue beyond the current agreement.

Qatar Petroleum is determined to continue its lead position in the gas industry with its expansion plans.

The deal will develop a world-class maritime yard within the King Salman International Complex.

For all OPEC members. $55 [per barrel] and a maximum of $60 is the goal at this stage.

Emirates National Oil Company has paid dues as part of its debts owed to Iran for pre-sanction oil and gas purchases.

Last December. Russia and 10 other non-OPEC nations agreed to join OPEC'.s output cuts for the first time in 15 years.

Iran holds the world'.s second largest gas reserves after Russia. but currently consumes almost all the gas it produces.

South Pars. with about 30 trillion cubic meters of gas reserves. is jointly owned with Qatar.

The state-owned NPC is the top regulatory body of the petrochemical industry.