Tag Archives: Oil Minister

All the four major Asian economies should come together and India will try to create a network for that within the four countries.

The pact runs until the end of 2018.

The minister placed special emphasis on accelerating the development of Mokran Costal Area.

OPEC and its allies achieved a historic 149 per cent compliance in March.

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.

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.