Tag Archives: Exchange

Iran started swapping oil with Iraq’s Kirkuk on June 3.

In the currency market. the U.S. dollar is trading in the mid 110 yen-range on Monday.

OPEC and its allies could consider a production increase of as much as 1.5 million barrels a day.

The US president had already emphasized that the regime of sanctions he plans to impose on Iran will be ``at the highest level``.

Yerevan Thermal Power Plant is willing to import more gas to deliver more power to Iran in peak demand hours.

In May. French oil major Total said it might pull out of its investment in Iran’s South Pars gas field if it cannot secure a waiver from the U.S. government.

Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.

India. one of the major importers of Qatari gas. is giving more focus on the use of natural gas.

Last December. Iraq and Iran reached an agreement for oil swap for one year.

If the U.S. administration does not agree with Total staying in Iran. China will replace this company.