Tag Archives: Reuters International News Agency

Qatari banks. whose $50 billion external liabilities dwarf central bank reserves. may need more aid if the crisis deepens.

Sanctions promoted corruption in Iran in oil and gas business in order to circumvent sanctions.

Iran has steadily reconnected with buyers across Europe since sanctions were lifted and NITC expects to play a bigger role.

The operation of the Al Shaheen Field under the new arrangement runs for 25 years. starting on July 14.

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.

Kazakhstan remains committed to its obligations under the global oil output cut deal between OPEC and non-OPEC members which lasts until April 2018.

The ministerial meeting will be preceded by a meeting of a technical committee involving all OPEC and non-OPEC members currently participating in the oil output cutting deal.

The biggest exploration expenses are expected for blocks Parsa and Bamdad in the Gulf. amounting to 80 million euros and 75 million euros respectively.

France'.s Total signed a deal earlier this month to help Iran increase gas output from the giant South Pars gas field. which the country shares with Qatar.

Total however also has large projects in Saudi Arabia and the UAE. highlighting the complexity of investing in the Middle East.