Social and Events

The Strait of Hormuz is a narrow waterway carrying a fifth of the world’s traded oil.

BP and the government of Azerbaijan extended their agreement to continue developing the ACG fields until 2050 in a major deal in 2017.

The Turkish government has always disagreed with US-led sanctions on Iran.

Trump is said to have considered him as a contender to lead the Homeland Security and Veterans Affairs departments.

Iran is likely to award up to five oil exploration and production contracts to local firms.

Analysis suggests demand for global crude oil will rise to 89mn barrels per day by 2030.

Shell and Seaoil have announced the price changes.

India'.s waiver allowed the country to continue to buy about 300.000 bpd Iranian oil until early May.

Iran’s 15 neighboring countries account for 55 percent share of non-oil exports.

Sanctions can cut 500.000 bpd of Venezuelan exports.