Tag Archives: International News Agency

Production in Mexico has declined for 12 years in a row and this year will be less than 2 million barrels a day.

The price for June futures of West Texas Intermediate (WTI) has grown by 0.58 percent and stood at $49.91 per barrel.

Almost 40% of Middle East’s gas consumption takes place in Iran.

Gas extraction from the giant South Pars field in the Persian Gulf has exceeded 550 million cubic meters per day.

Growth in Saudi Arabia. the region’s largest economy. is expected to slow to 0.4% this year.

SOCAR uses Guneshli’s export revenue to subsidize the company’s less profitable onshore fields.

In March. Iran loaded around 2.6 million bpd a day of both crude and condensate.

Crude oil output from Azar field will reach 30.000 barrels per day in four weeks from the present 15.000 bpd.

Saudi support is essential for the 13-member Organization of the Petroleum Exporting Countries to renew its agreement .

Ghadir is the largest investment company listed on the Tehran Stock Exchange.