The OPEC 171st session aiming at reviewing the oil freeze plan was held in Vienna on November 30.
Read More »Iran will Stop Flaring in Western Oilfields
The output of the new plant will be produced from associated gas.
Read More »OPEC. Non-OPEC Producers Meet to Discuss Compliance with Oil Cut Deal
Kuwait chairs the five-member committee which also includes Algeria. Venezuela. Russia and Oman.
Read More »Trump’s Pledge to Break from OPEC Echoes Old Refrain
Trump’s goal may not be completely unobtainable as US oil production has been on the rise and signs point toward possible energy independence.
Read More »Energy Majors Return to Iran for Offshore Gas
Shell and Total have signed agreements to invest in gas resources offshore Iran.
Read More »Iran-Iraq Gas Pipeline Goes into Operation
The deal involves Iranian supplies between 20-25 million cubic meters of gas to Iraq.
Read More »Oil Prices Raised
Higher crude oil and gasoline stocks in the United States weighed on prices on Friday.
Read More »Output Deal Will Help Stabilize Global Economy
In November 2016. OPEC agreed to cut oil production by 1.2 million barrels per day to 32.5 million bpd.
Read More »Lankans Interested in Oil Cooperation with Iran
The research institute has played a key role in the production and export of science and technology in oil.
Read More »Iran Resolute in Quest for Bigger Oil Market Share
Iran is now pumping around 3.8 million barrels per day of oil and condensate.
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