Tag Archives: Persian Gulf Countries

The price of OPEC basket of 13 crudes stood at $53.13 a barrel on Apr. 10 compared to $52.91 on Apr. 7.

Russia will continue participating in the OPEC deal on oil production limiting despite dissatisfaction with the current prices level.

Revenues from oil sales are national wealth and belong to future generations.

Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.

Iran'.s crude oil edged closer to $50 a barrel at the end of last month.

Total has submitted a development proposal for the project.

. Iran is now producing 3.9 million bpd of crude oil and gas condensates.

Under the deal with the KRG. Rosneft will receive its first 600.000-barrel cargo this week.

Oil prices are rising on April 7.

A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.