Tag Archives: International News Agency

.It is expected to the agreement to be completed during the next two months

.Production increased throughout 2016. rising from 2.94 million bopd in January to 3.7 million bpd by November

The French company has already started its operations in development project of phase 11 of Iran’s South Pars oil and gas field

.The price of OPEC basket of thirteen crudes stood at $53.92 a barrel on Feb.2

.The two ports (Chabahar and Gwadar) are not rivals but they complement each other

.World oil prices are rising on Feb.3 on threat of US imposing new sanctions on Iran

.The Persian Gulf Star Refinery is the biggest of refinery of its kind under construction in Persian Gulf and the Middle East

.The NITC chief said his company has signed deals with foreign companies for leasing 35 tankers

.The US imported about 3 million barrels a day from OPEC last year

.Current oil byproducts exports capacity namely diesel and liquefied natural gas stands at 500.000 barrels per day