Tag Archives: Market

Alekperov is Lukoil'.s largest shareholder and owns about a quarter of the firm.

Iran is growing its production. as it was allowed to pump an additional 90.000 bpd based on its October production level under the OPEC cut deal.

Halliburton has announced the release of the BaraShale Lite Fluid System. a high performance water-based fluid designed to maintain full salt saturation with reduced density.

A German-Iranian company started construction of a new solar power plant in Meybod region located at central province of Yazd.

Under the production agreement. OPEC committed to 32.5 million bpd.

Tehran has signed a raft of agreements with the likes of Eni. Shell. Schlumberger. Lukoil. Wintershall and OMV to study and potentially develop its massive oil and gas deposits.

In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.

OPEC realized the importance of working with Russia two decades ago. but the Russians did not understand the importance of working with OPEC until lately.

Russia and China are growing their partnership and investment links as Moscow scrambles to find ways to fund oil and gas projects that are made difficult under Western sanctions.

OPEC is to meet in November to discuss a possible extension of the deal beyond March.