Oil

Philippines was one of Iran'.s oil customers in the past and is now holding talks for restoring purchases from the OPEC-member oil producer

Global oil and natural gas prices are expected to remain volatile again in 2017.

Libya reopened the Sharara field last month and the nation’s total pumping rate stood at 650.000 barrels a day.

The value of non-oil goods exports from PSEEZ customs showed an increase of 23 percent.

Ministry of Petroleum has requested qualified foreign E&.P companies to take part in the process of qualification assessment.

Although Iran possesses age-old and precious experience in trades. steps need to be taken in vies of formation of new markets.

The new IPC has more flexible terms that take into account oil price fluctuations and investment risks.

The Vitol Iranian deal was signed in October and will come into effect this month. one of the sources who is based in Tehran said.

The aim of development South Yaran field is production of 50.000 to 60.000 barrels of oil and 60 million cubic feet of gas a day.

BP is taking a more cautious approach ahead of a Donald Trump presidency which threatens renewed diplomatic tensions with Tehran.