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In-place oil and gas reserves in the newly discovered fields in the south are estimated to hold 6.5bn barrels of crude oil and 1.7tn cubic meters of natural gas

Japan continues to be one of Qatar’s strongest markets for liquefied natural gas (LNG).

NIOC official says overall volume of Iran’s oil reserves stand at 771.53bn barrels, of which around 102bn barrels would be recoverable at a rate of 24.6%

Aramco would over time add 250,000 barrels per day of crude oil from Berri

To promote competition, the new partners cannot be Shell or Mitsubishi , as the two are part of Basrah Gas Co, the first gas processing venture which came on-stream in 2013, in partnership with South Gas Co

Located on a previously undeveloped desert site 350km south of Muscat, work on the Khazzan tight gas project began in 2014 and the completed development will eventually contribute roughly a third of Oman’s supply

Gas exports are expected to grow to 57bn cubic metres (bcm) after sales of 54 bcm last year

The current production of WASCO is estimated at 195mn cubic feet of natural gas and 6,200 barrels of condensates per day

In its first sitting since being formed in December, Lebanon’s new cabinet passed two decrees on Wednesday defining the blocks and specifying conditions for production and exploration tenders and contracts