The planned second line of the Turkish Stream is intended for the supply of gas to European states.
Read More »Iran Needs Major Offshore Investment
Iran needs major investments in its offshore oil and gas sectors.
Read More »OPEC Oil Price Continues to Rise
The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.
Read More »Kuwait: OPEC to Discuss Extending Output Cuts for 6 or 9 Months
Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.
Read More »Samsung Heavy Capture $100m Order for 2 LNG Ships
The ships will be deployed to transport liquefied natural gas between local ports.
Read More »China`s Oil Giants Commit to Investment Boost
Sinopec said it'.s moving forward with 110 billion yuan in new spending this year.
Read More »Saudi Oil Minister Visits Iraq to Discuss Extension to Output Cuts
Saudi Arabia is pushing to extend the cuts by a further nine months until next March.
Read More »Iraqi Minister Agrees with Saudi Call to Extend OPEC Cuts for 9 Months
Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.
Read More »Possibility of Talks with Zarif
Iran backs regional resistance groups. such as Lebanon'.s Hezbollah. which are considered terrorists by the US.
Read More »IOOC to Increase Output in Persian Gulf Oilfields
Some 50.000 barrels will be added to Doroud and Soroush fields'. daily output by the end of the present fiscal.
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