Libya was initially exempt from the OPEC production cuts together with Nigeria because of the violence in the two countries.
Read More »Technology Could Reduce Oil Production Costs around 30 Percent by 2050
Electric. hybrid and conventional vehicle costs are likely to converge before 2050.
Read More »NIOC Engaged in Talks for Developing 22 Oil. Gas Fields
Among the fields. talks for developing Yaran. Mansouri. Sepehr and Jofeir fields are finalized.
Read More »European Investment Bank Approves 932 mln Euro Loan for TANAP Pipeline
Shah Deniz 2 is one of the world’s largest gas fields and is developed by a BP-led consortium.
Read More »US Investors Cool Response to Aramco IPO
Saudi Arabia’s own 10-year U.S. dollar sovereign bond currently yields more than 4 percent.
Read More »UAE Insists on Construction of Pipeline in Iran
Iran could receive transit fee from the passage of this pipeline from Turkmenistan towards the United Arab Emirates (UAE).
Read More »Iraq`s Oil Ministry Invites Investors for Anbar Refinery
The Anbar refinery is part of a government plan to increase the nation’s oil processing capacity and reduce its oil products imports.
Read More »Iran. Russia Sign Deal to Develop Two Oil Fields
The cost of developing the fields is estimated at $674 million. with an additional $68 million in indirect costs.
Read More »OPEC`s Attemps to Boost Oil Prices Undermined by US Oil Industry
The EIA is forecasting US oil production will lift 14.8% to 10.70 million barrels per day this year.
Read More »Trump vs Tillerson
Tillerson encouraged Trump to maintain the international nuclear deal with Iran reached during Democratic former President Barack Obama'.s administration.
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