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Iran also plans to introduce its new heavy crude grade from the West Karoun oil field as soon as six months from now.
Read More »Iran Pledges to Sustain Oil Exports Despite Trump`s Threat
Venezuelan President to Take Part in Russian Energy Week
The Russian Energy Week is scheduled for October 4-7.
Read More »Statoil and Partners Plan Output Capacity Expansion at Norway`s Troll Gas Field
The other partners are oil majors Shell with 8.1 percent. Total with 3.7 percent and ConocoPhillips with 1.6 percent.
Read More »Iran Calls On OPEC to Sway Libya. Nigeria to Join Cut
Iran was also treated preferentially in the original negotiations.
Read More »U.S. Shale Oil Producers Profitable Despite Low Crude Prices
U.S. crude for November delivery stood around $52 per barrel on Tuesday.
Read More »What Happens If Trump Trashes the Iran Nuclear Deal?
Iran currently produces about 3.8 million barrels per day (mb d) and exports about 2.2 mb d. plus 400.000 bpd of condensate.
Read More »China and Russia Agree to Expand Energy Cooperation
Russia is currently the top exporter to China for oil and energy. and the fifth for coal.
Read More »Oil Min: OPEC`s Pact Compliance `Acceptable`. Some Changes Needed
OPEC members Libya and Nigeria have been exempted from supply curbs as their oil industries recover from years of unrest.
Read More »Kurdish Referendum. More Trouble in the Middle East
The Turkish President has already warned against the holding of the referendum which he fears will draw Turkish Kurds into a future conflict.
Read More »Turkey to Attain Gas Targets in 1-2 yrs: Oxford Expert
With the Turkish government'.s decisiveness. the target of a 30 percent gas share in the power sector by 2023 will most likely be achieved in one to two years.
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