Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.
Read More »Drilling 17 Wells in Azar Oilfield Underway
Azar holds 2.5 billion barrels of in-place oil. but new reservoir studies on the field suggest a much higher figure of 4 billion barrels.
Read More »Oil Hits $75 a barrel as Trump Labels Iran Nuclear Deal `Insane`
A rise in geopolitical tensions has been the main driver of prices in recent times.
Read More »Kuwait Energy Starts Producing Natural Gas from Field in Southern Iraq
Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.
Read More »IEA: Demand for Oil in World to Increase by 2023
IEA expects an increase in shale oil production and exports to Europe and Asia in the long term.
Read More »Russia Is China`s Top Oil Supplier
China’s total crude oil imports in March rose to the second-highest on record at 9.2 million bpd.
Read More »Rise in Iran`s Caspian Oil Reserves
Norwegian firms are expanding their foothold in Iran'.s lucrative and untapped energy market gradually.
Read More »Iraq’s Oil Exports Rose in March
The Iraqi oil exports reached in last February about 95.940.000 barrels.
Read More »Iran Says no Need to Extend OPEC. Non-OPEC Pact If Crude Oil Prices Rise
The pact runs until the end of 2018.
Read More »Oil Min: Iran Accelerates Gas Export to Pakistan
The minister placed special emphasis on accelerating the development of Mokran Costal Area.
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