.NIOC signed a heads of agreement (HOA) with Total in November for development of South Pars Phase 11
Read More »`IEA: $65 Oil `Ambitious
. Analysts are watching closely whether OPEC and non-OPEC members stick to their commitments
Read More »Egyptian Delegation Visits Iraq to Compensate for Saudi Oil
.It is expected to the agreement to be completed during the next two months
Read More »Iran and OPEC
.Production increased throughout 2016. rising from 2.94 million bopd in January to 3.7 million bpd by November
Read More »Total launches South Pars Phase 11 Development
The French company has already started its operations in development project of phase 11 of Iran’s South Pars oil and gas field
Read More »OPEC Oil Basket Price Up
.The price of OPEC basket of thirteen crudes stood at $53.92 a barrel on Feb.2
Read More »Threat of New US Sanctions on Iran Push Oil Prices Up
.World oil prices are rising on Feb.3 on threat of US imposing new sanctions on Iran
Read More »Saudi Arabia said Trump Good for Oil Industry
.The US imported about 3 million barrels a day from OPEC last year
Read More »Kazakhstan Revives Plans for Oil Route Through Azerbaijan
.This oil transportation scheme was widely discussed between Kazakhstan and Azerbaijan in 2007 – 2008
Read More »Asian Customers Increase Oil Imports from Iran
Iran was exempted from an OPEC deal in January to reduce output by 1.2 million barrels per day (bpd)
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