Tag Archives: International News Agency

Total and the National Iranian Oil Company (NIOC) signed a deal to develop phase of 11 of South Pars. which is the world'.s largest gas field.

The problem associated with China'.s payment for its petrochemical imports from Iran has now reached a point that requires negotiations between senior officials from both sides.

The international contract for development of Phase 11 of South Pars in the framework of IPC will be signed on Monday.

The International Energy Charter has a total of 80 member states. among others. Russia. the United States. France. Britain. Japan. Korea. India and Argentina.

Schumer and House Minority Leader Nancy Pelosi called for House Republican leaders to pass the bill immediately. before Trump and Putin meet at an international summit in Germany next week.

Total signed a preliminary agreement. worth $4.8 billion late last year. to develop the natural gas field in collaboration with China National Petroleum Corp and state-owned Petropars Co. of Iran.

The refinery produced various grades of petrol. diesel. aviation kerosene. liquid gas. vacuum gas oil and fuel oil.

Last month. Libya’s average daily production was 730000 bpd as per OPEC secondary sources. up by 178.200 bpd compared to April.

In terms of daily production. the fields will yield 50. 000 barrels of crude oil per day and 120 million standard cubic feet of gas per day by early 2019.

According to OPEC delegates. the cartel won'.t be rushing to make that decision. even though a panel monitoring the cuts will be meeting next month.