Oil

Iran had asked international companies to bid for the second phase of development of Yadavaran and North Azadegan oilfields last year.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

Southern Zagros Oil and Gas Operation Company is a subsidiary company of the National Iranian South Oilfields Company.

The oil ministry has put together plans to rehabilitate the Iraq-Turkey Pipeline.

On the demand side. Birol said the IEA expected growth of around 1.4 million bpd in 2018.

Saudi Arabia’s expectations for how long OPEC will need to persevere with production cuts seem to be shifting once again.

Previous bidding rounds had specific contract models that covered costs and paid a remuneration fee for production.

Petro is the future of Venezuela and the world.

Production from at least one Libyan oil field has also been disrupted by a dispute over security guards’ pay.

The Japanese company is the first of the partners in the present offshore concession to renew its holding in the deposits.