Tag Archives: Minister

In May 2017. Iran and Russia reached an agreement to begin oil supplies under the oil-for-goods program established back in 2014.

Russia’s parliament has approved the new profit-based tax on the oil industry on a first reading.

Approximately 60 percent of Kuwaiti consumption of natural gas is used for the refining and petrochemical sector.

OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.

Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.

In February last year. Tehran and Muscat signed a preliminary agreement on the pipeline project that is estimated to cost $1.2 billion.

Ukraine opposes the North Stream-2 project.

India and Iran have settled the main issue on the development of Farzad B Gas Field.

Earlier this month. the Iraqi government approved a plan to increase crude oil production to 6.5 million barrels per day.

Indian companies expressed interest in investing in Farzad B oilfield which was approved by the Iranian president.