Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq.
Read More »Iraq’s Basra Oil. Chevron Sign MOU to Develop Oil Fields
The MOU provides for Chevron to conduct surveys and studies on oil sites.
Read More »SOCAR`s Second Liquefied Gas Station Opens in Baku
The number of filling stations operating in the country under the SOCAR brand reached 27.
Read More »US Sanctions are Biting on Russia`s Natural Gas Projects
Western sanctions. first introduced in 2014 over Russia'.s apparent role in the conflict in Ukraine and later expanded.
Read More »How U.S. Shale Could Stop A Global Oil Supply Crisis?
Short-cycle U.S. shale production is growing and will grow next year too.
Read More »Asian Gasoline Demand Rise Tightens European Market
Market participants said demand was strong in the PG region due to the annual Islamic pilgrimage to Mecca.
Read More »Iran-Armenia Discuss Energy Issues
Both sides stressed the importance of the need to intensify mutual visits.
Read More »Libya’s Largest Oil Field to Shut Down Production again
Over the past week Libya’s crude oil production has exceeded 1 million bpd for the first time since June.
Read More »Aramco to Invest To Meet Future Oil Demand
Saudi Aramco is committed to playing its unique part in meeting the world’s energy needs today and tomorrow.
Read More »US Ready to Slap Sanctions on China over Iran Oil Imports
China imports more than one-quarter of Iran’s oil.
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