The EU is concerned that US sanctions will hurt investments in an oil pipeline connecting Russia to Germany.
Read More »Iran Plans 14 Oil and Gas Exploration Tenders
The biggest exploration expenses are expected for blocks Parsa and Bamdad in the Gulf. amounting to 80 million euros and 75 million euros respectively.
Read More »India`s Essar Imports of Iranian Crude Top 186000 bpd in May
Iran needs foreign investment for repairs and upgrading of its oil and gas fields.
Read More »OMV Restarts Work at Tunisian Nawara Gas Project After Blockade Ends
Nawara had an output of roughly 8.000 barrels of oil equivalent per day until May.
Read More »Vitol Closes Deal for Purchase of Petrol Ofisi Filling Station Network in Turkey
The total value of the transaction is 1.368 billion euros.
Read More »Gazprom’s Exports to Europe Hits Record High
On 7 May 2017. the construction of the TurkStream gas pipeline began.
Read More »EU Executive Seeks Mandate for Talks with Russia over Nord Stream 2
Germany'.s Uniper. Austria'.s OMV and France'.s Engie are working with Gazprom on the plan.
Read More »Russia and Austria`s Firms May Cooperate in Iran Project
OMV could help Gazprom Neft in the initial geological assessment of two blocks in Iran.
Read More »Norway Boosts Protection Against Unwanted M&A in Oil
An extraordinary metal that is vital to the electric car boom is facing a critical shortage.
Read More »Global Oil Giants Invited to Tender for Iran`s Major Oil Projects
The Azadegan field has oil-in-situ reserves of about 33.2 billion barrels and recoverable resources are estimated at about 5.2 billion barrels.
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