Tag Archives: Production

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.

The European Union has set itself a target of 100 gigawatts of energy that must be created within the trading bloc from marine resources by 2050.

OPEC is the world’s largest oil cartel and produces roughly 40 percent of the fossil fuel found in international markets.

There are still not enough signs of investment beginning to return. and that raises the risk of tightening of the market in the next five years and a risk to the stability of oil prices.

Kazakhstan is ready for international cooperation in development of sustainable energy to find solutions to the energy crisis.

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

Azar holds 2.5 billion barrels of crude oil and is one of the joint fields with Iraq.

The development of Phase 13 involves drilling 38 production wells.

Ethanol in gasoline is an ideal alternative to fossil fuel.

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.