Iran agreed in November to cap its oil output at an average of 3.797 million barrels for the first half of 2017.
Read More »Oil Rises Near US$53 as Iraq Says Close to Full OPEC Cut Pledge
The market is waiting to see how the Opec cuts and US supply situation plays out.
Read More »Iraqi PM: Iraq`s Oil Is for Iraqis
The new US president has also sent messages offering to increase the level of assistance to Iraq.
Read More »Iraq to Double Oil Export Capacity at Terminal to 1.2 Million bpd
The country reluctantly agreed in November to an OPEC deal to cut production in a collective effort to try and boost oil prices.
Read More »Iran`s Oil Industry: Sky Is the Limit
Iran is eligible and capable to absorb some $370-380 billions within the next decade.
Read More »Value-Added Chain Complete in SP Phase 19
Iran currently produces 8 million tons of LPG per year.
Read More »Iraq Pipe-Dreaming as Iran Readies Natural Gas Supply-Line
The pipeline will connect the South Pars/North Dome Gas field shared by Iran and Qatar with the Iraqi city of Basra.
Read More »Iran Accelerates Oil. Gas Deals
Iran is developing the giant South Pars field in 24 phases.
Read More »UAE Buys Iran`s naphtha
Iran’s will practically end gasoline imports in the next Iranian calendar year.
Read More »Iran to Inaugurate Gas Pipeline to Iraq on Jan. 23
The two neighboring countries also have agreed on a deal for exporting 25 mcm of gas to Iraq’s Basra.
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