Oil

The National Iranian Drilling Company (NIDC) has successfully completed drilling operations on 88 oil and gas wells over the first 9 months of the current calendar year.

Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output.

Persian Gulf Star Refinery has initiated a scheme aimed at preserving Iranian cheetahs in Geno mountains. Hormuzgan Province. southern Iran.

Once a highly sought-after grade of oil from the Middle East. Abu Dhabi’s Murban is falling out of favor as the world’s top refiners seek out other types of crude ahead of a historic ship-fuel overhaul.

JP Morgan Research expects the oil price to peak in the first three months of 2020.

Iran could save its petrol consumption by 17 million liters per day once it upgrades its automotive industry.

Ahmad Shirzadi. exploration director at Khazar Exploration and Production Company (KEPCO). has announced the start of two major projects within areas run by this company.

Aramco spends a big proportion of its research and development budget on measures to counter the environmentally damaging effects of the oil and gas business.

Exports of oil-products from the southern Shahid Rajaee port stood at 6.43 million tons in the first eight months of the current Iranian calendar year (staring March 21. 2019).

Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503.000 b d from their total production in a bid to help stabilize the oil market.