Tag Archives: International News Agency

The U.S. government has agreed to let eight countries keep buying Iranian oil after it reimposes sanctions on Tehran from next week.

The investments required to build the complex will be shared equally by both companies.

Washington had escalated its willingness to threaten sanctions in pursuit of its foreign policy goals in recent months.

The 15 countries in OPEC produced an average 33.31 million barrels per day in October.

A month later. Russia’s production alone hit another post-Soviet record of 11.41 million bpd.

The Egyptian intelligence service is slated to receive 80 percent of the income from East Gas.

There are ongoing transformations at the level of OPEC’s member countries.

Many countries in Asia including India. Bangladesh and Indonesia have made great progress in providing access to electricity. but others lag behind.

Russia has planned to take account of oil fields. develop their yield evaluation and revise the existing incentives for oil fields.

China is ready to study the possibility of joint oil and gas production with the Philippines in the South China Sea.