Latest news
Iran has found huge reserves of gas
Iran, OPEC's second largest oil exporter, has discovered a new gas field onshore with reserves valued at 50 billion dollars, Oil Minister Masoud Mirkazemi said on Sunday.
read more... 17/01/2011
A gas export agreement to be signed between Azerbaijan and Iran
The Iranian Oil Minister Massoud Mirkazemi has arrived on Wednesday in the capital of Azerbaijan, Baku in an official visit to sign a long-term gas export deal with Azerbaijan.
read more... 13/01/2011
Japanese giant traders target Russia’s Yamal LNG Project
The Japanese firms, Mitsui and Mitsubishi want to join in the liquefied gas field project on Russia's Yamal Peninsula on the Arctic Ocean. The Yamal Peninsula is situated in the middle of the Russian coast on the Arctic Ocean, a convenient location for exporting liquefied natural gas both to Europe and the Far East.
read more... 11/01/2011
Gas Exporting Countries Forum will expand.
According to statements made this year by the Secretary-General of the Gas Exporting Countries Forum (GECF), Leonid Bokhanovsky, the organization will add new members.
read more... 29/12/2010
OPEC maintains output quotas
The Organization of Petroleum Exporting Countries (OPEC) decided on Saturday at an extraordinary meeting in Quito to maintain current quotas for its production.
read more... 13/12/2010