Sanctions promoted corruption in Iran in oil and gas business in order to circumvent sanctions.
Read More »Iran`s Contract with Total Complete Failure of US Sanctions Policy
Total has a 50.1-percent share in the deal. The state-owned China National Petroleum Corp. has 30-percent stake and Iran’s Petropars has 19.9 percent.
Read More »China Builds New Pipeline to Transport Oil from Russia
The new pipeline. with a length of 941.8 kilometers. stretches from Mohe at the Russian border to Daqing.
Read More »Top Iran Oil Tanker Firm NITC Says Shipments to Europe Increasing
Iran has steadily reconnected with buyers across Europe since sanctions were lifted and NITC expects to play a bigger role.
Read More »Total to Invest $3.5 Billion Over Five Years in Offshore Qatari Field
The operation of the Al Shaheen Field under the new arrangement runs for 25 years. starting on July 14.
Read More »Iran Is Seeking Investments to Boost Crude Oil Production to 4.8 Million Bpd by 2022
Currently. Iran’s oil output stands at 3.8 million barrels per day. despite numerous statements that the country reached its pre-sanction production level of 4 million bpd.
Read More »Baker Hughes. McDermott JV Wins Gas Development Study Contract in Tanzania
Aminex expects that the Ntorya appraisal area includes gross Pmean GIIP of 466 billion cubic ft.
Read More »Goldman Sachs Warns of Oil Below $40 Without OPEC `Shock and Awe`
OPEC must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors.
Read More »Iran Open to Work with US Companies
The BP head said that the company would spend $15 billion in projects this year. and in 2018 and 2019.
Read More »New Iran Commission to Oversee Total Gas Deal
The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.
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