Both China and Russia have extended massive credits to Caracas.
Read More »Shutdown of Libyan El Sharara Oilfield from Pollution Protest
Boosting capacity at the field requires much-needed investment that NOC has been struggling to secure.
Read More »More Oil has been Identified in UK Waters
Production in 2018 is set to increase as new fields come on stream.
Read More »Indonesia Eager to Expansion of Oil Ties with Iran
Since 2016. Indonesia has resumed its oil and gas cooperation with Iran.
Read More »U.S. Shale Oil. an Intractable Problem
U.S. shale production is going to continue growing strongly.
Read More »Trump to Reaffirm Sanctions Suspension
It is predicted that the US President Donald Trump will confirm the suspension of sanctions on Iran in May 2018.
Read More »Iran will Sign Three Oil Deals this Month
Iran had asked international companies to bid for the second phase of development of Yadavaran and North Azadegan oilfields last year.
Read More »IPC is not the Only Solution. Dynamic Steps is Needed
Any investments would be favored by oil ministry.
Read More »OPEC Deal Compliance 149% in February
Oil prices in January topped $71 per barrel but fell to $66 on Wednesday.
Read More »Gazprom Neft Expects Bazhenov Shale Oil Commercial Production in 2025
Gazprom Neft currently produces 150 tonnes per day from the formation.
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