Previous bidding rounds had specific contract models that covered costs and paid a remuneration fee for production.
Read More »Iran Energy Minister Arrives in Armenia to Boost Bilateral Ties
The joint commission meeting aims to discuss bilateral projects in economic. trade. commercial and cultural fields.
Read More »Almost 130 Countries Desired for Venezuela`s Oil-Backed Cryptocurrency
Petro is the future of Venezuela and the world.
Read More »China`s Biggest Overseas Fail to Meet Demand Boom in Winter
The Central Asia pipeline opened in late 2009 and the region was the largest source of China’s gas imports until last year.
Read More »Kashagan to Bring 11 mln Tons of Oil in 2018
Kashagan is expected to contribute in oil production growth this year.
Read More »New U.S. Sanctions Aims Oil Smugglers in Libya
Production from at least one Libyan oil field has also been disrupted by a dispute over security guards’ pay.
Read More »Saudi Arabia Eyes Indian Downstream Ventures
Aramco was ".in principle". interested in entering India'.s fuel retail business.
Read More »Inpex Wins 10 Percent Oil Stake in Abu Dhabi Oil Field
The Japanese company is the first of the partners in the present offshore concession to renew its holding in the deposits.
Read More »Exxon Close Facilities in Papua New Guinea to Assess Quake Damage
The U.S. oil giant closed the facilities to assess damage from a magnitude 7.5 earthquake early Monday morning.
Read More »OPEC Basket Price Rised $64 bbl
The price for April futures of the North Sea Brent oil mix has increased by 0.01 percent to $67.32 per barrel.
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