OPEC is determined to reduce its production to help manage the market.
Read More »Russia Eyes $20 Billion in Potential Energy Deals with Iran
Russia could potentially invest at around 20 billion dollars in Iran’s oil and natural gas production and exploration.
Read More »Oil Prices Over $55 Per Barrel Harmful for OPEC
An increase in oil prices to more than $55 (£44) per barrel was not in the interest of OPEC.
Read More »Iran to Sell Russia 100.000 Barrels of Oil Per Day
Russia will be cooperating with an OPEC decision last November to cut production levels and will be reducing its oil output by 300.000 bpd.
Read More »Iran Blames Iraq for Dust Storm
The city of Ahvaz is the capital of the wealthy Khuzestan province. rich in oil and natural gas.
Read More »Russia Eyeing to Produce Ilyushin Passenger Planes in Iran
Airbus is the world’s Number 2 jet maker after Boeing. a US-based multinational plane manufacturer.
Read More »Iran will Finalize Gas Deal with Total Within 2 Months
Total will raise gas production from Phase 11 to around 51 million cubic meters per day in 20 years.
Read More »IPC Key in Enhancing Oil Recovery
IPC is focused on fields'. development in the long-run.
Read More »Oil Minister Signs Energy Agreements in Iraq
The first agreement entails the joint development of Parviz Oilfield. which adjoins Iraq'.s Naft Khaneh field and Khorramshahr Oilfield.
Read More »Japan Receive Naphtha Cargo From Iran
The EU restrictions made it difficult for Japanese importers to take in Iranian oil products.
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