Iraq is Iran'.s southwestern neighbor. and its port city of Basra is located in southeast of the country at northern edge of the Persian Gulf.
Read More »Iran Could Replace Ceyhan for Kirkuk Oil
According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.
Read More »Iran Considers to Stablish Petrochemical Shipping Firm
Iran'.s petrochemical production plans and the idea of creating a fleet of tankers specifically for petrochemical products make more sense.
Read More »U.S. Oil Service Firms Face Hit from Venezuela Debt Restructuring
Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.
Read More »EU Plans Rule Change to Snag Russian Pipeline
Five European energy firms are financing the 1.225 km (760 mile) pipeline to carry 55 billion cubic metres of gas per year.
Read More »Iraq`s Oil Export Talks with Turkey Vexed by $4-Billion Kurd Debt
Iraq is holding talks with Iran to truck 15.000 bpd of Kirkuk crude to Iran’s Kermanshah refinery.
Read More »Russian LNG Unfazed By U.S. Sanctions
Oil giant Rosneft has also planned to venture into LNG. and signed in May 2014 a preliminary deal with ExxonMobil to cooperate on the Far East LNG project.
Read More »Tensions Rise as Iraq Halts Kirkuk Oil Exports
The North Oil Company (NOC) has stopped feeding crude oil into the export pipeline.
Read More »Iran’s Non-Oil Export Continues to Fall
China was the main importer of the Iranian goods during the 7-month period.
Read More »OPEC vs. U.S. Shale: The Battle for Asian Market Share
In fact. the threat to OPEC from U.S. shale oil just got more serious as it became clear that the cartel and its partners are planning to extend their own agreement until the end of 2018.
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