Tag Archives: Asia

India and Iran also had extensive deliberations on ways to deal with the impact of US sanctions.

Oil exporters in the region have benefited from the improved outlook for oil prices.

Basra is home to Iraq’s biggest oil fields. and their exports make up more than 95 percent of the country’s state revenue.

Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.

Earlier this month. Iran has cut electricity supplies to Iraq due to unpaid bill. affecting Iraq’s Dhi Qar. Maysan and Basra provinces.

China has been pushing hard for its companies to be global leaders in new technologies.

Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.

Nigeria remained the largest investment destination for CNOOC.

Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.

US tariffs of 25 percent on $34 billion of Chinese imports took effect on July 6.