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Indonesia announced four winners from five blocks in a direct offer tender on Wednesday.
Read More »President: Indonesia Hadn`t Invested Enough in Exploration
NPC is Ready to Support Petchem Investors. Licensors
Iran ranks first in the world'.s gas reserves and fourth in the world'.s oil reserves.
Read More »JCPOA Effective for Iran As Long As International Relations Persist
Iran'.s oil and gas condensate exports rose by 1.018 million barrels a day to 2.418.000 barrels per day after implementation of the deal.
Read More »Angela Merkel Meets with Trump in Latest European Attempt to Preserve Iran Nuclear Agreement
Ms Merkel is the second European leader to visit the White House this week.
Read More »Venezuela Enters New Phase of Crisis
Venezuela’s oil production has declined to just 1.488 million barrels per day (mb d) as of March.
Read More »Macron. Trump Call for New Nuclear Deal with Iran
For months. American and European officials have been working behind the scenes to try to find a compromise over Trump'.s demands to change the agreement.
Read More »Aramco Considers to Become One of World`s Biggest Oil Traders
Saudi oil giant plans to trade as much as 6 million barrels a day.
Read More »Oil Market in the Process of Being Balanced
OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.
Read More »Libya`s Big Challenge. Fuel Smuggling
Between 30 and 40 percent of fuel refined in Libya or imported into the country is stolen or smuggled.
Read More »Iran Hydrocarbon Reserves will Last 155 Years
Iran boasts one of the world'.s largest proven oil reserves of 158.7 billion barrels.
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