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Contract for Development of Persian and Parang Fields
Capital Market Able to Meet 50% of Oil Industry’s Investment Needs
Investment risks should be offset by increased interest rates and returns.
Read More »West Karoun Oilfields Production up Five-Fold in Past 6 Years
Last year. Iran eyed 300.000 barrels per day oil production from its West Karoun oilfields.
Read More »Qatar Ready to Re-Route Oil. Gas Cargoes to China due to Spread of Virus
Qatar Ready to Re-Route Oil. Gas Cargoes to China due to Spread of Virus.
Read More »Rystad Energy Revises Global Oil Demand Growth Outlook due to Coronavirus
Chinese oil demand accounted for 13% of the global total in 2019.
Read More »Big Lose for Oil Traders due to Coronavirus Panic
Beijing has improved its crisis management since the 2003 SARS virus.
Read More »Traders Consider Oil Storage at Sea as Virus Slows Demand
Three of the world’s largest oil traders are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China.
Read More »Iran Eyes Self-Sufficiency in Sponge. Needle Coke Production
The National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines &. Mining Industries Development &. Renovation. known as IMIDRO. have signed an agreement for production of sponge and needle coke in Bandar Abbas.
Read More »Oil Production Cuts Continue until End of 2020 Q2
The coronavirus epidemic has a negative impact on economic activities.
Read More »Iran Supports Unanimous OPEC Output Cut Plan
Iran could support deeper cuts in crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) if a majority of the members agreed with it.
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