Tag Archives: North America

The US sanctions were re-imposed on Tehran following the withdrawal of the United States from the Iran nuclear deal in May.

Drilling for oil and gas in Canada will likely decline by 5 percent in 2019.

The U.S. government has agreed to let eight countries keep buying Iranian oil after it reimposes sanctions on Tehran from next week.

Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).

Washington had escalated its willingness to threaten sanctions in pursuit of its foreign policy goals in recent months.

China’s government told at least two of its state oil companies to avoid purchasing Iranian oil.

Trump is focused on building a pipeline infrastructure in the Permian Basin. the third-largest oil field in the world.

Iran exported 2.5 million barrels of oil per day in recent months.

Within the scope of the Agreement. the company will evaluate the potential of hydrocarbons in West Georgia.

OPEC has no capacity to compensate for a lack of oil output caused by the US.