Russian oil output fell to a year-low of 10.91 million bpd in August from 10.95 million bpd in July.
Read More »Foreign Companies Eager to Invest in Iran’s Oil and Gas Industry
There is intense competition across the world to attract foreign investment. but the assets are limited while competition for absorbing them is high.
Read More »Japan’s Economy Ministry Requests Budget Increase to Tap Oil Opportunities in Iran
In July. NIOC signed an MoU with Japan’s engineering group Toyo to revamp facilities and upgrade recovery at the Salman gas field in the Persian Gulf.
Read More »Iran Trilateral Energy Deal to Boost Foreign Participation. Market Access
According to SHANA. the new oil deals based on Iran Petroleum Contract (IPC) is expected to replace buy-back contracts.
Read More »Chinese Company Will Build Iran Railway in Return for Oil
Under a national plan. Iran seeks to stretch out the nationwide railroad line to 25.000 kilometers by 2025 from under 15.000 kilometers now.
Read More »Iran`s Crude Export to Asia Increased in July
Iran is aiming to raise oil output to around 4 million bpd by the end of the year from around 3.8 million bpd in recent months.
Read More »Harvey`s Global Impact Signals Growing U.S. Clout in Oil Markets
Harvey’s full impact will only be known once refiners assess the damage to their flooded plants.
Read More »Iraq Surpasses Its Plan to Reduce Oil Output Under Production Cut Deal
Iraq thus has fulfilled its obligations to reduce production by more than 100%.
Read More »Chinese CNOOC Received the 1st-Ever Oil Cargo from Saudi Aramco
The vessel’s arrival at the Huizhou terminal was celebrated by an Aramco Asia delegation together with representatives from CNOOC upper management.
Read More »Traders in Asia Hunt Oil Products to Send to US
Traders will try to keep discharge options open so that they are able to anticipate any potential delays in discharging the cargoes.
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