Crude oil production from South Pars is in a trial stage. but output can be increased to as much as 150.000 barrels per day in future.
Read More »Rosneft to Finalize Pipeline Project in Iraqi Kurdistan
Rosneft and Kurdistan Regional Government are negotiating implementation of the project for construction of gas pipeline system on a fast track basis.
Read More »Vitol Ups Cash-for-Oil Deals with Kazakhstan to $5B
Vitol. the world’s largest independent commodity trader. is increasing its export prepayment deals to secure more oil trade with cash-strapped producers.
Read More »No Problem in China’s Payment for Iran Petrochemicals
Iran exports almost half of its annual petrochemical output to China.
Read More »Russia Digs into Iraqi-Kurdistan with Huge Gas Pipeline
The pipeline will export 30 billion cubic metres of gas every year with the gas ready for the domestic market next year and for export in 2019.
Read More »China`s Equipment Could Take Hit from Pyongyang Oil Ban
Experts see another reason for Beijing'.s objection to harsher sanctions.
Read More »New LNG Export Projects ‘Could Lead to Supply Overcapacity’
The sustained growth in demand is not expected to result in surging prices as forecast for LNG supply is higher until 2024.
Read More »Iran. Syria Sign Energy Agreement
In May 2013. Iran agreed to provide Syria with a $3.6 billion credit line to imports goods and commodities.
Read More »Why US `Will Never Be Able` to Replace Russia in EU Gas Market
The US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.
Read More »Unknown Oil & Gas Deal Change the Global Energy Balance
Rosneft and CEFC have been at the center of that burgeoning relationship.
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