Tag Archives: Minister

Saudi Arabia is pushing to extend the cuts by a further nine months until next March.

Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.

Iran backs regional resistance groups. such as Lebanon'.s Hezbollah. which are considered terrorists by the US.

Russia will see lower inflation and a smaller budget deficit if OPEC and non-OPEC oil producers agree to extend a production cut deal.

The Persian Gulf region has about 730 billion barrels of proven oil reserves and more than 70 trillion square meters of natural gas.

India has zoomed past the US to take the second spot on a list of the world’s most attractive renewable energy market.

OPEC has been urging other producers to join the supply pact.

Iran'.s priority for gas exports to Europe was to proceed with LNG.

Currently. the value of the UAE’s investments in Indonesia amounts to $2 billion.

South Africa bought around 68.000 bpd of crude from Iran in May 2012.