According to the IEA. Iraq will increase its output to 5.4 million barrels per day by 2022.
Read More »Iran. Russia. Azerbaijan Agree on 50% Cut in Transit Tariffs
IRIR is currently building a railroad from the Iranian Caspian port city of Astara to the border with Azerbaijan.
Read More »OPEC. Russia Show Unified Front on Crude Supply Cuts
Many of the questions revolved around the fact that there is so much inventory remaining.
Read More »Brent Below $56
US crude stocks rose by 11.6 million barrels last week.
Read More »South Pars Gas Production to Improve Drastically
Production of natural gas in South Pars in a shared field with Qatar will amount to 600 million cubic meters per day.
Read More »Turkey to Conduct Seismic Exploration in Mediterranean. Black Sea
Two vessels will carry out 2D and 3D seismic exploration work.
Read More »Iran Starts Construction of Gas Pipeline to Chabahar Port
Iran is planning to connect its strategic port Chabahar with IGAT- 7.
Read More »Iraq. Kurdish Group Reach Deal on Kirkuk Oil Flow to Turkey
The huge Kirkuk oil field can pump around 150.000 barrels per day.
Read More »Iran Becomes Self-Sufficient in Oil Industry Commodities
Five new South Pars phases could come on stream in late March or early April by the Iranian President.
Read More »Iran Wants IAEA Members Contribute to Nuclear Power Generation
The nuclear energy generation will help minimize greenhouse gases.
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