Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

In Iran. Gazprom Neft has field plans to develop two oil fields— Changouleh and Cheshmeh Khosh.

The kingdom’s oil company dismisses reports it could drop huge international float in favour of private stake sales.

Oil prices were buoyed in recent weeks by shutdowns in US refineries as well as Turkey'.s threat to cut off oil flow from Iraq'.s Kurdistan region.

Oil prices recently have become more sensitive to supply threats. such as the situation in Kirkuk.

A potential military confrontation in the Arab Persian Gulf should not be ruled out. It will unquestionably block oil and gas lanes. and spike oil prices to unknown levels.

The federal government has sent troops into areas around Kirkuk and soldiers haven’t entered the city boundaries.

Oil prices have fluctuated this year. falling below $45 a barrel and going above $59.

Iran’s non-oil exports over the last fiscal year (started March 20) valued at $43.93 billion. The figure for the first half of the current year was $20.5 billion.

Earlier. Barkindo said that in addition to production. it would be enriching also to look at other parameters such as export.

India needs urgent measures to address the inexorable increase in domestic energy demand. which is driven mainly by the fast urbanization of the population.