Total signed a contract in 2017 to develop phase 11 of the field with an initial investment of $1 billion.
Read More »OPEC NOPEC will Discuss 1 Million Bpd Production Boost Next Week
Analysts had expected that Iran would not agree to any specific production boost.
Read More »OPEC Non-OPEC Coalition Schedules Extra Meeting Ahead of Sep 23 Algiers Meeting
OPEC and its partners agreed in late June to raise output by 1 million b d.
Read More »Some OPEC Members Act in Accordance with U.S. Policy
Trump’s administration is pushing allies to cut imports of Iranian oil to zero.
Read More »U.S. Pressures Influence Withdrawal of Total from Iran
Such decision was due to Washington'.s announcement that it would impose sanctions on enterprises making business with this Islamic republic.
Read More »Total Officially Quits Iran’s South Pars Project
CNPC has now a 30 percent stake. while PetroPars holds the remaining 19.9 percent.
Read More »Oil Minister to Attend JMMC Meeting in Algeria in September
The JMMC is chaired by Saudi Arabia and is due to meet next on Sept. 23 in Algeria.
Read More »Iran-Turkmenistan 2 Year Gas Dispute Goes to ICA
During the two-year time that the proceeding is going on. no gas will be exported to Iran from Turkmenistan.
Read More »Iran Accuses OPEC Non-OPEC Committee of Trying to Redistribute Crude Oil Output Quotas
Russia produced 11.22 million b d in July. basically erasing its 300.000 b d pledged cut.
Read More »Oil Ministry Limits Senior Managers to Serving Four Years
The limits will go into effect as the U.S. prepares to reimpose sanctions on Iran beginning Nov. 4.
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