In July. NIOC signed an MoU with Japan’s engineering group Toyo to revamp facilities and upgrade recovery at the Salman gas field in the Persian Gulf.
Read More »Russia Likely to Back Extension of OPEC Deal as Prices Stabilize
Russia’s publicly traded oil producers. both state-led and non-state. have voluntarily reduced output in order to support prices.
Read More »Iran Trilateral Energy Deal to Boost Foreign Participation. Market Access
According to SHANA. the new oil deals based on Iran Petroleum Contract (IPC) is expected to replace buy-back contracts.
Read More »China Hails Iran`s Commitment to JCPOA
The agency has ``had no reason to ask`` for inspections of Iranian military sites.
Read More »Chinese Company Will Build Iran Railway in Return for Oil
Under a national plan. Iran seeks to stretch out the nationwide railroad line to 25.000 kilometers by 2025 from under 15.000 kilometers now.
Read More »European Refiners Set to Benefit from Gulf Coast Chaos
The East Coast of the U.S. could avoid supply disruptions for the time being because of adequate storage.
Read More »Is Trump Trying to Use the IAEA to Kill the Iran Deal?
There is a broad consensus among US allies in Europe that the nuclear deal should be maintained.
Read More »Russia`s Rosneft. China`s CEFC Agree Joint Exploration in Siberia
Rosneft also signed a contract with CEFC for Russia to increase direct supplies of crude oil to China.
Read More »Brazil`s Petrobras. China Development Bank Sign Cooperation Deal
Petrobras is the world’s most indebted oil producer and has been forced to sell assets and slash spending.
Read More »Russian Deputy PM Backs Gerhard Schroeder`s Candidacy for Rosneft Board
Schroeder held the office of the German chancellor in 1998-2005 and was the leader of the SPD in 1999-2004.
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