Iran needs major investments in its offshore oil and gas sectors.
Read More »Oil Minister Attends to OPEC Meeting in Vienna
The highly anticipated meeting is expected to extend the organization'.s output cut plan for another 6 months.
Read More »Trump`s Proposal to Sell Half of US Reserves Threatens Another Oil Glut
Trump’s first complete budget proposal. released in part on Monday. would raise $500 million in fiscal year 2018.
Read More »OPEC Oil Price Continues to Rise
The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.
Read More »Europe Help Iran Build Petrochemical Plant
Germany'.s Linde Group is ready to make direct investment in the Iranian petrochemical industry.
Read More »Kuwait: OPEC to Discuss Extending Output Cuts for 6 or 9 Months
Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.
Read More »Samsung Heavy Capture $100m Order for 2 LNG Ships
The ships will be deployed to transport liquefied natural gas between local ports.
Read More »China`s Oil Giants Commit to Investment Boost
Sinopec said it'.s moving forward with 110 billion yuan in new spending this year.
Read More »Saudi Oil Minister Visits Iraq to Discuss Extension to Output Cuts
Saudi Arabia is pushing to extend the cuts by a further nine months until next March.
Read More »EU Ready for Develop Cooperation
The EU is ready to continue work for full JCPOA implementation. bilateral engagement and regional peace.
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