Azar oilfield in Ilam Province has pumped over 4.5 million barrels of crude oil since it went into operation.
Read More »Iran Close to $10b in Foreign Petrochemical Deals
Tehran says its new petrochemical ventures require over $70 billion in investments that should mostly come from foreign sources.
Read More »The Next Big Offshore Boom Is About to Happen in Brazil
Exxon will now join these fellow supermajors in the Brazilian shelf. partnering with Petrobras on six of the ten licenses it won.
Read More »US Sanctions Against Iran Would See Grudging International Compliance
If a new deal never materializes. the Trump administration or Congress could reimpose Iranian sanctions immediately.
Read More »Robust Chinese Demand Ensures Asian LNG Rally Has Legs
French nuclear regulator ASN ordered Electricite de France on Thursday to shut four nuclear units. sending power prices spiking.
Read More »Aramco IPO Could End OPEC Status Quo
In the meantime. the Saudis have lost some of their market share. both to Russia and Iraq.
Read More »Saudi Arabia Produces 44% of GCC’s Natural Gas
Saudi Arabia’s fertilizer products portfolio consists of ammonia (26 percent). urea (28 percent). and diammonium phosphate (DAP) MAP (22 percent).
Read More »Oil Price Rally Accelerates Shale Boom in Argentina
Last year Exxon said they may invest over $10 billion in Vaca Muerta shale projects over the next few decades.
Read More »Citi: An Oil Supply Squeeze Is Inevitable
Venezuela is in disarray and in no condition to expand its oil production.
Read More »Russia`s Gazprom Neft Beefs Up Security at Its Iraqi Kurdistan Branches
The company'.s management is prepared for any situation. Gazprom Neft Middle East CEO says.
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