Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).
Read More »Exit Strategy of Global Cuts to be Discussed before June
Iraq Oil Minister Says Kirkuk Oil Swap Deal with Iran is for One Year
Iraq has asked BP to help increase output from Kirkuk oilfield to more than 700.000 barrels per day.
Read More »Asian Markets Looking Forward to Import More LPG from Iran
International trading firms Petredec and Glencore lifted cargoes from Iranian ports in December.
Read More »Iran. Iraq Negotiate Start Date for Kirkuk Oil Swap
some 30.000 barrels per day of Kirkuk crude oil would be transferred ``in the near future`` by trucks to Iran’s Kermanshah refinery.
Read More »CNOOC Spends Big on FLNG
The Asian spot LNG curve. however. is in backwardation. meaning future prices are lower than prompt market levels.
Read More »CNPC Warns of China Gas Shortages if Extreme Weather Hits
CNPC recently completed construction of a fourth string on its key Shaanxi-Beijing gas pipeline system.
Read More »Gazprom to Raise Investments in Iraq’s Badra Oilfield
The oilfield is now producing 85.000 barrels per day. according to the Iraqi oil minister.
Read More »Indonesia in Energy Crisis
The country consumes 1.4 million barrels of oil per day.
Read More »Booming of Middle East Tensions
The region is seconds away from a full-blown catastrophe.
Read More »US Eyes Opportunities to Sell LNG to Saudi Arabia
The UAE. which is a net importer of gas. has been looking to diversify its supplies to meet growing demand.
Read More »