China is by far the world’s largest oil importer. and many producer nations are already more than happy to transact in yuan terms.

Petronas confirms its exit from the Majnoon oilfield. Iraq. together with Shell.

Pricing disputes in the past led to Russian gas supplies disruptions to Europe via Ukraine.

The Iran-Oman gas pipeline project is expected to connect Iran’s gas reserves with Omani consumers and LNG plants.

It took years of negotiation and the wisdom of many politicians and diplomats to reach the nuclear deal.

Iran will expand trade and border cooperation with Pakistan and Turkey. which would help bring economic prosperity in the border regions.

A total of 57 new projects with a capital volume of over 5.393 billion dollars have been approved since August.

The field. operated by Eni. was discoveredAugust 2015 and is estimated to have a total potential of up to 30 trillion cubic feet of gas in place.

The result of this decision would be nothing unless a new wave of severely detrimental politics in the Middle East.

Russia has been pushing for a timely exit from the cuts to make sure the market doesn’t overheat.