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Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.
Read More »India Loaded 12 Percent Less Iranian Oil in June than in May on Sanctions Fear
Baghdad Denies Iran’s Role in Iraqi Energy Minister Removal
Al-Fahdavi served as energy minister of Iraq since 2014.
Read More »South Korea Plans to Lower LNG Tax for Power Generation
S.Korea has favoured coal and nuclear power to generate cheaper electricity and to ensure stable power supply.
Read More »Turkey does not Intend to Reject Iranian Gas because of US Position
Erdogan confirmed on July 25th that its country will not take part in sanctions against Iran.
Read More »OPEC Oil Production Jump to a 2018 High in July
OPEC’s crude oil production rose by 70.000 bpd from June to stand at 32.64 million bpd in July.
Read More »Iraq will Develop Mansuriyah Gas Field. Nassirya Oil Field
Iraq has failed to lure investors for the project. which includes building a refinery to process crude from the region.
Read More »TANAP Receives €5 Million in Support from EC
Since 2014. TANAP received €15 million in total from European Union programs.
Read More »Will India Give Up Iran’s Oil?
If India does not import crude from the US. the most likely fallout will be to buy from other OPEC countries.
Read More »Inpex Begins Production at Offshore Australian LNG Project
Shipments of LNG and liquefied petroleum gas from the project are expected to begin by the end of September.
Read More »Crude Oil Futures Largely Stable as Markets Await Fresh Signals
US oil rig counts were up by two to 1.048 for the week ended July 27. according to Baker Hughes
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