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SOMO and Russia'.s Litasco have set up a joint trading company in Dubai to market crude.
Read More »Iraq May Consider Avoid Crude Production
Rising Efforts for Joint Fields` Development
We need to shift our focus to speeding up the development of shared oil and gas fields.
Read More »2 SP Phases Produce Gas Worth $4.2b
South Pars is the world’s largest gas field. shared between Iran and Qatar.
Read More »UAE Prefer Solar Power Solutions
Nation’s bid to accelerate its agenda of achieving sustainable energy can be a role model for others.
Read More »Oil Price Rises but Ends Week Lower
Trading was light after Thursday'.s heavy sell-off and ahead of the long weekend break in the United States and Britain.
Read More »South Pars Gas Completion Needs $30b
POGC is also collaborating with an unnamed French company to offset the natural decline in South Pars extraction rate .
Read More »Pouyanne: OPEC Cut Decision Gives Visibility Until At Least 2018
The decision by oil producing countries to extend production cuts agreement by nine months gives the market much needed visibility.
Read More »Russia`s Novak Can Do More for Oil after OPEC Failure
Russia maintains its oil-price outlook at $50 to $60 on average for this year.
Read More »OPEC Members Greet Rouhani Victory in Election
OPEC and non-OPEC countries agreed to extend production cuts for nine months.
Read More »Iran Needs to Develop Gas Projects
Currently. Iran has agreements with Iraq and Oman to supply 28 bcm y of gas.
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