Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
PDVSA uses naphtha from the US to thin its heavy crude so it can be shipped.
Read More »US Gives Non-US Firms Three Months to Close PDVSA Deals
ExxonMobil among the Top Oil Explorers of 2018
In 2018. the US supermajor ExxonMobil drilled 2.7 net wildcat wells in Guyana.
Read More »New Record of Deepwater Oil Production
The industry has started to increase investments in deepwater after the downturn.
Read More »Iran. Iraq Sign Scientific Agreement
The Iranian and Iraqi sides are obliged to finalize a roadmap for mutual scientific cooperation within the next five years.
Read More »Gazprom Plans to Construct Small Scale LNG Plant on Sakhalin Island.
The facility would have a capacity of 100 000 tpy of LNG.
Read More »Germany. France. UK to Set Up EU Channel for Transactions with Iran
The European transactions channel for Iran will be called INSTEX (Instrument in Support of Trade Exchanges).
Read More »John Bolton: Don’t Deal in Gold. Oil with Venezuela!
The US has sanctioned Nicaragua’s Albanisa company. which exports and sells Venezuelan oil products.
Read More »Oil Rises amid US Lower Imports. Venezuela Sanctions
Oil Rises amid US Lower Imports. Venezuela Sanctions.
Read More »Oil Rise on Venezuela Sanctions
The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day (bpd) of crude oil to the United States.
Read More »Saudi Arabia will Attract over US$425 Billion in Investments for Vision 2030
In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.
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