According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.
Read More »OPEC Seeking to Reach Consensus on Output Cut Extension
OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 about extending a global pact to curb oil production.
Read More »Japan Oil Imports from Iran Increase
Iran was Japan'.s fifth oil supplier after Saudi Arabia. the UAE. Kuwait and Qatar. with a share of 6.8 percent in September 2017.
Read More »Arrest of Saudi Aramco Board Member Casts Fresh Doubt over Oil Giant’s Listing
Alwaleed’s arrest will send shockwaves through the world’s major financial centres.
Read More »U.S. Oil Service Firms Face Hit from Venezuela Debt Restructuring
Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.
Read More »Iraq Oil Exports Decline as Kurdish Row Cuts Output
Iraq sold 3.29mn bpd of crude from Basrah port in the south last month. down 2% from September. according to tanker tracking.
Read More »Russia. Saudi Arabia Ready for more Work to Cut Global Oil Inventory
There is a general satisfaction with the strategy of 24 countries that signed a declaration of cooperation.
Read More »India`s ONGC Seeking Oil Assets in Several Countries
Iran has modified its petroleum contract model. ending a decades old buy-back system that barred foreign firms from booking reserves or taking equity stakes.
Read More »Iraq`s Oil Export Talks with Turkey Vexed by $4-Billion Kurd Debt
Iraq is holding talks with Iran to truck 15.000 bpd of Kirkuk crude to Iran’s Kermanshah refinery.
Read More »Weak U.S. Demand for Basra Crude Wipes out Premium for Iraq`s Oil
To cope with Basra crude surplus in the United States. traders have slowed ships and stored some cargoes off the Gulf Coast. shipping data on Eikon showed.
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