Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Trade and commerce with Iran is part and parcel of INSTEX.
Read More »Trade with Iran Part of SPV Payment Mechanism
Wood Mackenzie: Oil and Gas Exploration Economics to Improve
In 2018. exploration added at least 10.5 billion barrels of oil equivalent in conventional new field volumes.
Read More »U.S. Oil Prices Rise due to Tighter Supply
Russia has been in full compliance with its pledge to gradually cut its oil production.
Read More »Iraqi Delegation will Visit Iran for Electricity Talks
The Talks will include discussions on increasing the volume of electricity exports to Iraq.
Read More »Venezuelan Oil Exports Disrupts Heavily due to US Sanctions
PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.
Read More »Aramco Plans to Ramp Up Refining Capacity in Asia
Aramco is also expanding its refining investments in China.
Read More »Trump Says Military Intervention in Venezuela `An Option`
The Trump administration last week issued crippling sanctions on Venezuelan state-owned oil firm PDVSA.
Read More »S. Korean Firms to Resume Iran Gas Condensates Purchase
In November 2018. US granted exemptions to eight countries including South Korea to import Iran oil.
Read More »Oil Holds Gains on Signs of Shale Slowdown as OPEC Output Falls
Oil has rebounded this year as OPEC’s production cuts have taken effect.
Read More »European Buyers Stop Buying Venezuelan Crude
In Europe. PDVSA trades with Spain’s energy major Repsol. commodity traders Trafigura and Vitol.
Read More »