Companies

Philippine energy officials believe that Iran can provide their power plants with the much-needed LNG as it has the world'.s largest gas field.

Russia'.s production would need to fall by a further 100.000 bpd in March in order to comply with the agreement.

Tatneft had signed a memorandum of understanding in October to study the Dehloran oilfield in western Iran.

Kish gas field is located off Kish Island in the Persian Gulf.

Iran is making rapid forays into the European crude oil market.

Siemens has made notable headways in cooperation with Iran after international economic sanctions were eased last year.

The refinery is currently supplying 25 per cent of the country’s gasoline demand.

According to Pertamina'.s proposal. the number of oil wells in Abteymour field will increase from the current 50 to 257.

Aramco will take a 50% stake in select ventures and assets in the refinery and petrochemical integrated development project developed by Petronas.

OPEC officials have repeatedly said the group does not target a specific oil price.