OPEC members are preparing to hold meeting on May 25 to discuss the market and oil cut deal in Vienna.
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 »Possibility of Talks with Zarif
Iran backs regional resistance groups. such as Lebanon'.s Hezbollah. which are considered terrorists by the US.
Read More »IOOC to Increase Output in Persian Gulf Oilfields
Some 50.000 barrels will be added to Doroud and Soroush fields'. daily output by the end of the present fiscal.
Read More »NIOC Preparing Yadavaran Oilfield Tender
Around 83.000 barrels of Yadavaran production is a blend of light crude and the rest is heavy crude.
Read More »Arab States Request Iran`s Natural Gas
The Persian Gulf region has about 730 billion barrels of proven oil reserves and more than 70 trillion square meters of natural gas.
Read More »Iran Increase Power Flow to Iraq
Iran’s electricity exports to Iraq have steeply risen this year.
Read More »Iran likely to Back Longer OPEC-Led Oil Cut If All on Board
Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.
Read More »Iraq in favor of Extending any OPEC-Led Oil Output Cut
Iraq is with the continuation of a reduction of oil production of OPEC nations and we will push in that direction.
Read More »Economic Effects of JCPOA Undeniable
The nuclear negotiators prevented US President Donald Trump'.s adventurism towards Iran by inking the JCPOA.
Read More »