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Tehran embraces expanding relations and cooperation with Seoul in different domains.
Read More »South Korea will Continue Buying Iran`s Oil
Iran will Drill and Improve Iraqi Oil Wells
Italy’s Eni Company is the winner of 39 oil wells in Iraqi Basra and Zubayr regions.
Read More »Oil Producers Cut July Output by 9 Percent more than Agreed
The committee groups representatives are from Saudi Arabia. Russia. the United Arab Emirates. Kuwait. Algeria. Venezuela and Oman.
Read More »Iraq`s SOMO to JV with China`s Zhenhua to Boost Crude Sales
China is under the pressure to cut oil purchases from Iran.
Read More »Total CEO Cautious about Post-2019 Oil Prices
The projects would pave the way for greater U.S. oil and gas exports.
Read More »Norway`s Oil Industry Good Prospect
Norway’s leading industry has been on the mend for the past two years after a 2014-2016 downturn.
Read More »Some Refineries would be Hit by a Halt in Iran Oil Buying
Sinopec expects its crude oil output to remain stable over next three years.
Read More »S. Korea Petrochemical Firm to Replace Iranian Oil
South Korean refiners and petrochemical producers suspended shipments of Iranian crude and condensate in July.
Read More »US Active Drilling Rigs Reduce Sharply while Oil Prices Rebound after 7-Week Loss
Most of the oil production growth of the United States comes from the Permian Basin.
Read More »Venezuela Takes Desperate Measures to Support Economy
Venezuela is coping with one of the worst economic disasters in the world.
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