Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Under a deal agreed last year. oil exporters committed to cut production in an effort to reduce global stockpiles that have depressed prices for more than two years.
Read More »Oil Ministers to Meet in Russia as Compliance Focus Turns to Africa
Russian Energy Minister to Discuss with Kuwait Oil Minister on LNG Supplies
Novak said Monday he is meeting with his Kuwaiti counterpart to discuss LNG exports.
Read More »China Becomes One of the Biggest Oil Drilling Contractors in Kuwait
Kuwait has so far bought Chinese-made rig equipment worth more than 4.3 billion yuan.
Read More »Kuwait: Not About Time to Curb Oil Production in Libya. Nigeria
Libya and Nigeria have seen a significant increase in oil production in May and June.
Read More »Gulf’s Oil Reserves Still Provide the Safety Net
Gulf states accounted for 11.8 per cent of natural gas production in the world.
Read More »LNG Traders Evaluate Impact of Saudi-Led Diplomatic Blockade of Qatar
More than 60% of Egypt'.s LNG imports in 2016 -- 4.61 million mt of a total 7.26 million mt -- were sourced from Qatar.
Read More »Iran’s Complete Effort to Solve Arab Row
Suspending flights between the countries is among other measures taken by the countries against Qatar which also reciprocally did the same.
Read More »Saudi-Led Isolation of LNG Giant Doesn`t Stop Gas or Oil Exports
Qatar. like Saudi Arabia and the U.A.E.. is also a member of the Organization of Petroleum Exporting Countries.
Read More »OPEC Welcomes Its New Member
Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »Extension of OPEC Oil Deal Not to Down Iran’s Oil Output
OPEC members would decide during the meeting on May 25 to extend the 1.2 mb/d oil cut for six or nine months.
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