The IPC has more flexible terms that take into account oil price fluctuations and investment risks.
Read More »BP Authorized to Operate Rhum Gas Field with Iran
BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator.
Read More »Oil Prices Steady
Libya'.s gain means oil market pain.
Read More »Russia`s Rosneft Hopes Iran Rulings Can Help It Beat EU Sanctions
Rosneft is hoping to benefit from a similar attitude to sanctions imposed over Ukraine.
Read More »India to Cut Iranian Oil Purchases in Row Over Gas Field
Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.
Read More »Saudi Arabia Likely to Cut May Crude Prices to Asia on Weak Demand
Saudi Aramco officials as a matter of policy do not comment on the kingdom'.s monthly OSPs.
Read More »