In 2015 Schlumberger agreed to buy 45.65% of EDC for $1.7 billion but the deal fell through after FAS repeatedly postponed its approval.
Read More »Iraq`s Oil Exports Dip. Still Some Way Off OPEC Compliance
The bulk of Iraq'.s oil is exported via the southern terminals. Smaller amounts are shipped from northern Iraq via Ceyhan in Turkey.
Read More »Second Oil Spill Reported in Kuwait’s Ras Al-Zour Waters
Experts from Saudi Arabian Chevron and Oil Spill Response Limited have joined the effort to clean up after the leak.
Read More »Oil Minister`s Priorities for 2017-21 Indicated
Iran produces around 880 million cubic meters of gas a day. two-thirds of which come from South Pars.
Read More »US Not Able to Ignore Nuclear Deal Undertakings
Iran has scored success in restoring its rights after complying with its undertakings.
Read More »Japan Aids Iran in Water Management
With a length of 950 kilometers. Karun is Iran'.s most effluent and only navigable river.
Read More »Turkey`s Unit International. Russia`s Zarubezhneft and Iran`s Ghadir Sign Drilling Deal
The natural gas extracted from the drilling will be equal to 1.5 times the 50 billion cubic metres of gas Turkey imports annually.
Read More »China to Build New Shale Gas Bases. Offer More Oil and Gas Block Tenders
The steps come as China ramps up its exploration efforts as crude oil production from ageing wells drops.
Read More »Iran Rises Oil Exports to South Korea by over 26% in July
In July. Iran exported 2.2 million bpd of oil to Asian and European markets. with its exports to Asia up by 100.000 bpd.
Read More »OPEC Oil Price Decrease
The price for September futures of West Texas Intermediate (WTI) grew by 0.02 percent and stood at $48.83 per barrel.
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