Tag Archives: International News Agency

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.

Construction is underway at the South Aluminum Corp (Salco) smelter to produce 300.000 tons per year in the first phase.

The deal will include telecommunications sector and financial services.

The October OSPs will also mark the first change in Saudi’s crude price benchmarks since the mid-1980s.

Output in Texas. the nation'.s largest gas producer. increased 1.5 percent in June to 23.9 bcfd.

The biggest increase in supplies this month has come from Libya. whose output remains volatile due to unrest.

The US threat to go after foreign businesses in Iran has been harshly criticized in Europe.

Iran’s gas reserves account for 18 percent of world’s total.

Two sides established a joint working group and launched joint research with the participation of specialists from the two companies.

The Europe is reliant on oil imports for 98 percent of demand.