Kurdistan’s oil revenue fell nearly 20% in July to less than $400m, as export loadings slipped and oil traders slashed their monthly prepayments to the Kurdistan Regional Government.
Iran plans to raise its gas exports to 200mcm/d through pipelines to nearby countries. In addition, the achievement of liquefied natural gas (LNG) projects are also prioritized.
Turkish maritime has re-opened Bosporus strait to transit tanker and allow oil flow, after a coup attempt against Turkey's President, Recep Tayyip Erdogan, failed.
Turkish energy company Unit International has reached a $4.2b deal with the Iranian Energy Ministry to build seven natural gas power plants in Iran, in what it said was the biggest investment in Iran since the liftin ...
Norwegian energy company Statoil announced that it had signed an agreement with Canadian exploration company Valeura Energy to help explore the shale gas potential in Turkey.
Turkey and Israel are on the verge of signing an energy deal, allowing the latter to export its natural gas, Israeli Minister of National Infrastructure, Energy, and Water Resources, Yuval Steinitz, said.
Israel will soon submit a proposal to Noble Energy Inc. and Delek Group Ltd. in order to unblock stalled development of the Leviathan natural gas field and allow exports to Egypt and Turkey, country's Energy Minister ...