Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The 24-member OPEC and non-OPEC alliance decided last year to cut production by 1.2 million barrels per day (bpd) from January 2019.
Read More »Saudi Arabia Raps Oil Producers over Flouting of Output Cuts
Novak Confident New Saudi Counterpart Will Boost Bilateral Ties
Russia highly appreciated the existing dialogue between Moscow and Riyadh and was committed to continuing to develop bilateral cooperation.
Read More »OPEC+ will Discuss Deeper Oil Cuts on Thursday
The OPEC+ joint ministerial monitoring committee. known as JMMC. meets on Thursday in Abu Dhabi on the sidelines of an energy conference.
Read More »Russia Constructs Second Gas Pipeline to China
Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.
Read More »Novatek`s Greenlights $21 Billion Arctic LNG 2 Project
Earlier this year. Novatek agreed to sell a 20% stake in Arctic LNG 2 to China’s Cnooc Ltd.
Read More »Russia Ready to Invest $10bn in Iran Oil Sector
Negotiations on Russia’s involvement in Iran’s oil projects would begin soon.
Read More »Oil Market Balanced. but Uncertainties Persist
The global oil market is balanced. while some uncertainties remain.
Read More »Russia Looking at more Investment into Iranian Oil Production
Russia is ready to invest $10 bln in Iran’s oil and gas industry.
Read More »Changes in Saudi Oil Management won`t Hurt Ties
Russia continues its coordination with the Organization of the Petroleum Exporting Countries (OPEC) on the global oil market.
Read More »EAEU-Iran Trade Deal to Take Effect on Oct. 26
Under an agreement signed between Iran and Russia. Moscow was set to allocate a one-billion-dollar loan to Tehran for construction of a 1400-megawatt power plant in southern Iran.
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