Iran was the only country allowed to slightly boost output.
Read More »East Asian Companies Briefed on Iran Petroleum Contract
NIOC says a second list of qualified companies will be made available soon.
Read More »Iran Welcomes Russia in Europe Gas Transfer Plan
Russian companies have indicated interest in Iran’s gas development projects.
Read More »Iran to Realize OPEC-Designated Production Quota
It was decided during the meeting that majority of members curtail production by a combined amount of 1.2 million barrels.
Read More »Iran to Raise Output by 90.000 bpd on OPEC Decision
The average production of oil during the first 6 months of the year should stand at the established quota.
Read More »Saudi Arabia to Preserve Daily Oil Output Level at Under 10Mln
Riyadh will keep the oil output level at under 10 million barrels per day by the end of winter.
Read More »3 Factors Posing Threats to Higher Crude Prices
Three factors could pose major threats to the anticipated upsurge in global oil prices in 2017.
Read More »Iran Greetes Gambia’s Peaceful Power Transfer
Jammeh left the Gambia on Sunday after finally conceding defeat in an election under increasing international pressure.
Read More »Iran Easily Go Back to Pre-JCPOA Conditions
Tehran does not want to see the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) to be torn off.
Read More »Raising Crude Output by 90.000 bpd on OPEC decision
The OPEC 171st session aiming at reviewing the oil freeze plan was held in Vienna on November 30.
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