Tag Archives: Reuters International News Agency

Omid Investment Management Group Co. also signed the deal. under which construction should be completed within three years.

Brent was pushed up by the looming sanctions against Iran. which will start targeting its oil sector from Nov. 4.

The Nord Stream 2 project company had intended to go to the market for external financing for up to 70% of the total cost this year.

Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.

Beijing has repeatedly defended its energy trade with Tehran. worth about $1.5 billion a month.

Iraq has continued to flare some of the gas extracted alongside crude oil at its fields because of lacks of facility.

India. Iran’s second-biggest oil client behind China. has already reduced its intake of Iranian oil.

Saudi Arabia will continue to increase oil production in order to achieve moderate prices.

Other OPEC countries have been increasing production in recent months.

Russia. a major oil and gas producer. pumps around 11 million barrels of crude per day.