Tag Archives: International News Agency

The Persian Gulf and then the Strait of Hormuz are the key export routes of Iraqi crude oil from its southern ports.

Japan’s Inpex Corp. agreed on a framework with Indonesia for the $20-billion Abadi liquefied natural gas project. a key step toward reaching final investment for one of the world’s biggest export ventures.

There’s no doubt Iran was responsible for attacks on two oil tankers leaving the Persian Gulf last week. and the U.S. will guarantee safe commercial navigation going forward with its partners.

The outlook for oil demand growth in 2019 also put pressure on prices.

Iraq’s government is expected to launch a tender to develop the field this year.

The spokesman for the Atomic Energy Organization of Iran says the country will surpass the uranium stockpile limit set under the nuclear deal from June 27.

OPEC and its allies have been reducing oil output by 1.2 million barrels per day since Jan. 1 to support the market.

Japan is the world’s fourth-largest consumer of oil — after the US. China and India.

Falih hopes oil producers will be able to balance the oil market before next year.

The gas storage center at the Khangiran gas field has been exploited to store natural gas at 10 million cubic meters.