Block D230 lies some 135 kilometres (84 miles) north-east of Baku in the Caspian Sea.
Read More »Trump threat to Ditch Iran Deal Is Scaring off Oil Traders
Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.
Read More »Iraq Issues 6 Licenses of Oil. Gas Exploration to Foreign Firms
Iraq wants to increase its crude oil production to over 5 million barrels per day (bpd) from its current production of about 4.35 million bpd.
Read More »Venezuela Enters New Phase of Crisis
Venezuela’s oil production has declined to just 1.488 million barrels per day (mb d) as of March.
Read More »Iran Says Oil Exports to India Are Not Dropping
Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.
Read More »Gazprom is Ready to Build Nord Stream 3 Pipeline
Nord Stream 2 gas pipeline that would link Russia and Germany while bypassing other transit countries is being built under the Baltic Sea.
Read More »India Create Network with Asia`s Oil Buyers
All the four major Asian economies should come together and India will try to create a network for that within the four countries.
Read More »BP Names Oil Industry Veteran Helge Lund as Chairman
Norwegian previously ran Statoil and BG Group.
Read More »Oil Hits $75 a barrel as Trump Labels Iran Nuclear Deal `Insane`
A rise in geopolitical tensions has been the main driver of prices in recent times.
Read More »Macron. Trump Call for New Nuclear Deal with Iran
For months. American and European officials have been working behind the scenes to try to find a compromise over Trump'.s demands to change the agreement.
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