Tag Archives: China National Petroleum Corporation (CNPC)

The today OPEC meeting is to focus on the extension of the November 2016 agreement on cutting oil supply.

Sinopec said it'.s moving forward with 110 billion yuan in new spending this year.

Iran has been second-best to Qatar in gas production from South Pars.

The company will allocate $1 billion to expand the fields in the first phase and if required.

The sanctions removal in January 2016 revived the incapacitated oil sector.

Iran'.s oil production capacity has crossed 4 million barrels per day.

Bandar Abbas Refinery’s mazut production will be reduced to less than 10% of the total while sulfur output will fall to less than 1%.

Phase 11 aims to produce 1.8 billion cubic feet a day of gas among other products.

Linde executives point out that European banks are still cautious about doing business with Iran.

The field'.s output is planned to reach 110.000 bpd by July.