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The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.
Read More »Oil Traders Await U.S. Reaction to Venezuelan Vote
Russia Eager to Help Develop Iran`s Oilfields
With 137.6 billion barrels of proven reserves. Iran has the world’s fourth largest crude deposits.
Read More »Turkey to Start Drilling for Natural Gas and Oil This Year
Albayrak said that Turkey would have three nuclear reactors by 2030 with the first to commence work in 2023.
Read More »Iraqi Oil Minister Heading to Tehran
Iran'.s gas export to Baghdad via Khanaqin pipeline began in late June this year. Iraq and Iran have signed two agreements to transfer gas to Baghdad and Basra.
Read More »The Prospect of Russia. US Cooperation on Gas Supply
The general observation is that Russia has huge and promising projects to offer. and American companies have immense expertise and effective technologies.
Read More »Building Mideast’s Largest Solar Farm in Iran
Iran is heavily dependent on natural gas and oil to generate power and one of the most energy-intensive countries in the world .
Read More »Petronas Drops Massive Natural Gas Project in Western Canada
A number of First Nations and environmental groups sued the federal government and Petronas unsuccessfully to try to stop the project.
Read More »Iraq Turns to Russia for Military Support. Oil Deals. Rebuild Infrastructure
Russia has made a tremendous contribution. in particular in Syria and Iraq. to prevent the disintegration of the region.
Read More »Shell Eager to Sell Iranian Jet Fuel in Persian Gulf
Fuel prices in Iran are among the cheapest in the world even after the government cancelled offering oil products at subsidized prices in May 2015.
Read More »New Pipeline to Guarantee Stable Supply of Gas in North Iran
Last winter. Turkmenistan breached a deal with Iran by cutting gas supplies.
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