Tag Archives: International News Agency

U.S. sanctions could cut off a lot of Iranian oil trade finance.

Iraqi forces captured Mosul from Islamic State in July. after a grueling nine-month U.S.-backed offensive with the participation of Kurdish Peshmerga.

With oil demand at about 1.2 million bpd and production at about 800.000 bpd. investors in Indonesia’s oil and gas sector will have a big supply gap to fill.

Iran is growing its production. as it was allowed to pump an additional 90.000 bpd based on its October production level under the OPEC cut deal.

The government'.s latest move allows Baghdad to export crude without depending on Kurdish region.

The investment includes $5.8 billion for developing Farzad B and another $5 billion to build a facility to liquefy the gas and export it as liquefied natural gas (LNG).

Merkel says she sees no need for the EU to get involved. and her government has sought assurances from Moscow that it will keep pumping gas through Ukraine after its gas transit contract expires in 2019.

Under the production agreement. OPEC committed to 32.5 million bpd.

Taking a role in this emerging hotspot is exactly what Rosneft is looking for.

The agreement was signed at the 9th international forum ATOMEXPO 2017 in Moscow in June.