Iran needs 200 billion dollar investment to develop oil industry which should be supplied through foreign sources.
Read More »OPEC Oil Prices Rise
The price of OPEC basket of fourteen crudes stood at $47.48 a barrel on July 20. compared with $46.85 the previous day.
Read More »Iran Studies Maersk Proposal for South Pars Oil Layer
Tehran plans to develop the South Pars oil layer under the framework of Iran Petroleum Contract.
Read More »Russia Objects to Further OPEC Restrictions
Russia will hold a ministerial meeting for several representatives of OPEC member states as well as a number of non-members in St. Petersburg towards the end of this month.
Read More »Iran`s Oil Exports to EU Stand at 1 mbd
Iran'.s crude oil and condensate exports to Europe has reached one million barrels per day.
Read More »Iran. Japanese Toyo Ink Salman Field Memo
Under the terms of the deal. Iran’s Petropars is committed to finance the study phase of the project while Toyo of Japan will undertake financing of its executive phase.
Read More »Iraq Inks Oilfield Development Contract with Baker Hughes
Under the contract. Baker Hughes will develop advanced solutions for flare gas at the al-Nassiriya and al-Gharraf oilfields.
Read More »Iran. Russia Cooperation to Develop Shadegan. Ragsefid Fields
At least nine Russian companies have voiced willingness to help Iran develop its oil and gas fields.
Read More »OPEC Oil Price Rise
The price for September futures of Brent crude oil has increased by 0.43 percent to $49.12 per barrel July 17.
Read More »Low Oil Prices Push OPEC Producers to Public Markets
OPEC’s largest producer. Saudi Arabia. also hopes to enter public markets in the future.
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