The new projects will augment Iran’s crude output capacity by about 15 thousand barrels per day.
Read More »Iran Obligated to Supply Cut Deal
Iran was the only country allowed to slightly boost output.
Read More »Iran to Raise Output by 90.000 bpd on OPEC Decision
The average production of oil during the first 6 months of the year should stand at the established quota.
Read More »3 Factors Posing Threats to Higher Crude Prices
Three factors could pose major threats to the anticipated upsurge in global oil prices in 2017.
Read More »Raising Crude Output by 90.000 bpd on OPEC decision
The OPEC 171st session aiming at reviewing the oil freeze plan was held in Vienna on November 30.
Read More »Iran will Stop Flaring in Western Oilfields
The output of the new plant will be produced from associated gas.
Read More »Trump’s Pledge to Break from OPEC Echoes Old Refrain
Trump’s goal may not be completely unobtainable as US oil production has been on the rise and signs point toward possible energy independence.
Read More »Output Deal Will Help Stabilize Global Economy
In November 2016. OPEC agreed to cut oil production by 1.2 million barrels per day to 32.5 million bpd.
Read More »Iran. China to Ink $3bn Refinery Contract
The finance for consolidation and boosting quality of Abadan oil Refinery was officially opened by the Chinese side.
Read More »Iran Open to Azadegan Oilfield Development by Consortium
French energy major Total S.A.. Anglo-Dutch major Royal Dutch Shell and Japan'.s Inpex are in the race for developing the Azadegan Oilfield.
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