Over recent years. the South Pars Phase 11 (SP11) development project has been one of the most controversial projects in Iran.
Read More »Iran`s Steel Production Grows 20 Times Faster than World Average
China. India. Japan. the US. and Russia are respectively the biggest steel producers in the world.
Read More »Markazi prov. exports hit $919mn in 11 months
The central Iranian province Markazi has exported $919 million worth of goods to as many as 80 countries since March 2019. according to Markazi governor’s deputy coordinator of economic affairs.
Read More »US Shale Oil Production Growth to Slow In 2020
Saudi Aramco CEO Amin Nasser described the project as the start of the kingdom'.s own shale gas revolution.
Read More »OPEC+ will Take Responsible Approach to Virus
Saudi Arabia supports the further oil production cut. but Russia is yet to announce its final position on the matter.
Read More »Shell Starts Gas Exploration in Oman
Shell. along with energy giant Total. have signed agreements with the Omani government to monetize gas resources in the Greater Barik area.
Read More »COVID-19. Main Culprit in Recent Oil Price Fluctuations
Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
Read More »3rd South Pars Phase 13 Platform Installed
The third offshore platform of the supergiant South Pars gas field has been installed.
Read More »Iran Installs 3rd Offshore Platform of SPGF`s Phase 13
Patforms B13 and D13 were installed in 2019.
Read More »Oil Prices Down with Virus Rebound and Libya Risks
On Friday. Brent closed at $58.30 while WTI saw prices of $53.38 per barrel.
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