Tag Archives: Europe

Fuel prices in Iran are among the cheapest in the world even after the government cancelled offering oil products at subsidized prices in May 2015.

Both Total and Shell have signed a memorandum of understanding (MoU) with Iran on Petrochemical sphere in 2016.

Over past years. Petroleum Ministry paid its main attention to develop oilfields in the Persian Gulf.

The Kremlin said earlier this week that penalties could hurt investment projects with European partners. such as the Nord Stream Two pipeline from Russia to Europe.

Statoil is the operator of Johan Sverdrup with a 40% stake. The other partners are Aker BP. Petoro and Lundin.

Sasol shares climbed as much as 4 percent in Johannesburg trading. the most since March 31. and were 3.9 percent higher at 386.50 rand as of 10:05 a.m. local time.

Under a deal agreed last year. oil exporters committed to cut production in an effort to reduce global stockpiles that have depressed prices for more than two years.

Novak said Monday he is meeting with his Kuwaiti counterpart to discuss LNG exports.

Britain has expressed its readiness to invest in pipeline infrastructure. renewable energy. gas and power of the Nigerian Oil and Gas Industry.

Essar Steel’s petition in the Gujarat High Court against the NCLT proceedings was dismissed and the company filed its response petition with NCLT on Saturday.