Tag Archives: Europe

European companies resumed purchase of oil cargoes from Iran since implementation of the Joint Comprehensive Plan of Action (JCPOA) in 2015.

The US earlier this year threatened to impose fines on EU firms that invested in the pipeline.

Pakistan is already one of the fastest-growing LNG markets.

Supplying QCLNG will help make the development more profitable. Shell said.

Rising U.S. production helped fuel a slump in prices.

Moscow agreed to contribute around 0.3 million bpd to the cuts and Russian state and private companies are sharing the burden on a pro-rata basis.

Russia is the producer everyone is watching ahead of the OPEC meeting.

Total. now expects the production from the Martin Linge field to begin in the first half of 2019.

Saudis want production cuts extended through 2018. while Moscow wants flexibility.

Despite the US pressures. western companies are still interested in investment in Iran.