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State-owned Qatar Petroleum (QP) will keep the remaining 70 percent in the new joint venture for the Al-Shaheen field.
Read More »France`s Total to Invest $2bn in Qatar`s Al-Shaheen Oilfield after Stake Award
Delivery of Russian Gas to Armenia Resumed
Despite the halt both enterprises and households in the country continued getting gas from the Abovyan underground storage facilities.
Read More »Total to Sell Its Interest in Gina Krog Oil Field
Total had announced earlier in August that it would acquire Maersk Oil for $5 billion. bolstering its position among the world'.s largest oil companies.
Read More »Japan’s Economy Ministry Requests Budget Increase to Tap Oil Opportunities in Iran
In July. NIOC signed an MoU with Japan’s engineering group Toyo to revamp facilities and upgrade recovery at the Salman gas field in the Persian Gulf.
Read More »Iran Trilateral Energy Deal to Boost Foreign Participation. Market Access
According to SHANA. the new oil deals based on Iran Petroleum Contract (IPC) is expected to replace buy-back contracts.
Read More »China Hails Iran`s Commitment to JCPOA
The agency has ``had no reason to ask`` for inspections of Iranian military sites.
Read More »Chinese Company Will Build Iran Railway in Return for Oil
Under a national plan. Iran seeks to stretch out the nationwide railroad line to 25.000 kilometers by 2025 from under 15.000 kilometers now.
Read More »Russia`s Rosneft. China`s CEFC Agree Joint Exploration in Siberia
Rosneft also signed a contract with CEFC for Russia to increase direct supplies of crude oil to China.
Read More »Brazil`s Petrobras. China Development Bank Sign Cooperation Deal
Petrobras is the world’s most indebted oil producer and has been forced to sell assets and slash spending.
Read More »Iran`s Crude Export to Asia Increased in July
Iran is aiming to raise oil output to around 4 million bpd by the end of the year from around 3.8 million bpd in recent months.
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