Companies

Sasol confirmed on its website there had been an explosion at about 0545 GMT at the country'.s only inland refinery.

Around 83.000 barrels of Yadavaran production is a blend of light crude and the rest is heavy crude.

Iran has been second-best to Qatar in gas production from South Pars.

For more than 75 years. Schlumberger has supported Saudi Aramco and the Kingdom of Saudi Arabia’s oil and gas industry.

The MoU aims to generate USD 4 billion in annual productivity improvement.

With a combined production capacity of 2.2 million tons annually. the plants cost $1.3 billion.

The U.S. oil major bid for the cargoes of the ultra light oil at more than $2 a barrel above Dubai quotes.

BP expects to grow its production to 4 million barrels a day by the end of the decade.

South Africa bought around 68.000 bpd of crude from Iran in May 2012.