Confidence in the oil market is evident in the way financial traders have positioned themselves.

Over the last couple of years. Big Oil has demonstrated more than once that it’s set on becoming more flexible. leaner. and more efficient.

Azar. with an extraction rate of 16%. is one of the joint fields with Iraq. along with Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

The block was offered as part of Brazil'.s 3rd production sharing bidding round.

Donald Trump'.s threat to scrap the Iran nuclear deal could imperil efforts to negotiate a peaceful outcome with North Korea.

On Friday. Kurdish and Iraqi pro-government forces which had fought battles as Baghdad took over Kirkuk and other disputed areas announced a ceasefire.

A total of 12.500 drill pipes and 1.800 drill collars will be delivered to NIOC.

The September 25 independence referendum in oil-rich regions of Iraqi Kurdistan and Kirkuk led to a military operation driven by the Iraqi government forces.

The Economic Coordination Committee has already given the go-ahead for kicking off negotiations on gas import from Russia.

The gas to be received as part of TANAP'.s first phase has been included in Turkey’s gas demand report for the upcoming period.