Tag Archives: International News Agency

Iran had asked international companies to bid for the second phase of development of Yadavaran and North Azadegan oilfields last year.

This deal is Microsoft’s first renewable energy deal in Asia.

Oil prices in January topped $71 per barrel but fell to $66 on Wednesday.

Glencore-QIA consortium bought a 19.5-percent stake in Rosneft in December 2016 for 692 billion rubles.

Gazprom Neft currently produces 150 tonnes per day from the formation.

The gas giants are currently involved in a long-standing litigation over the terms of the current delivery contract.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

The study predicted that Middle East oil production would reach 37 million barrels per day (bpd) by 2040.

Saudi-Iran tensions. and the stand-off on the Korean Peninsula. could impact oil markets this year.

Kirkuk’s oilfields had been under Kurdish control since 2014.