More than 75 percent of the equipment for developing the output is Iranian.
Read More »Saudis Start to Rise Oil Output. Ahead of OPEC Meeting
Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.
Read More »Nord Stream 2 Threatens European Cohesion
Nord Stream 2 is a pipeline for both Russian gas and Russian influence.
Read More »OPEC Charges Extra price. India Loses Billions of Dollars
India has been urging the OPEC to end Asian Premium with Prime Minister Narendra Modi.
Read More »Kuwait will Ship its First Light Crude Grade by End-June
Kuwait is planning a new heavy crude grade later this year. with a gravity of 16 API and 4.9% sulfur content.
Read More »Novak Comments on Domestic Gasoline Prices
Those urgent fiscal measures have had a positive impact.
Read More »Russia Says Demand should Determine Oil Deal Easing
OPEC and non-OPEC countries should take a decision on a possible adjustment of the current deal on oil output cuts by looking into oil demand.
Read More »Iraq Signs Oil Agreement with Chevron
Chevron has signed a memorandum of understanding (MoU) with Basra Oil Company.
Read More »Italy`s New Government to Review TAP Gas Pipeline
The final stage of the 3500 km (2200 miles) corridor. would be reviewed along with some other major projects.
Read More »Iraqi Lawmakers Want Out Of OPEC Deal
Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants.
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