Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The OPEC+ decision to increase the reduction of oil output in the first quarter of 2020 was not linked to the Saudi Aramco IPO.
Read More »OPEC+ Deal Contributed Over $100Bln to Russian Budget over Past 3 Years
Saudi Arabia. Kuwait Sign Deal to Resume Joint Oil Output
The deal could take as much as a year to bring the field back to full capacity.
Read More »Kremlin Promises to Respond to Nord Stream 2 Sanctions
Russia is expecting the Nord Stream 2 pipeline to be completed very soon in spite of the obstacles.
Read More »Russia Dominating the US in the Battle for European LNG Market
According to Novak. the number of countries consuming LNG has doubled.
Read More »Novak Vows Implementing Projects with Iran
Iran and Russia have already signed the necessary protocol and agreements and the projects are underway.
Read More »Russia will Increase Gas Production to 740 Million Cubic Meters in 2019
In 2018. gas production in Russia increased by 4.9$ compared to the previous year and reached 725 billion cubic meters.
Read More »Nord Stream 2 Sanctions Will Be Included in US Defense Bill
US sanctions against the Nord Stream 2 natural gas pipeline from Russia to Germany have reportedly been included in a must-pass defense bill.
Read More »New Crude-Only OPEC+ Target isn’t a Loophole
At the Vienna meeting. OPEC+ agreed to reduce its output target by 500.000 barrels a day in the first quarter.
Read More »5 OPEC Decision in 177th Meeting
The 14-member Organization of the Petroleum Exporting Countries (OPEC) agreed to deepen its output cuts in Vienna at the 177th OPEC meeting by 503.000 bd as of January 1. 2020 from 1.2 mbd to 1.703 mbd.
Read More »OPEC is Considering a Deeper Cut to Its Oil Production
The current agreement is due to expire in March but there’s speculation that the group could opt to cut further if Russia agrees.
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