SOMO and Russia'.s Litasco have set up a joint trading company in Dubai to market crude.
Read More »Iran`s Tender for Azadegan Project ‘Within Days’
South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.
Read More »Shell Will Test Energy-Generating Kites This Summer
Power-generating kites backed by Royal Dutch Shell Plc. Schlumberger Ltd. and EON SE will start tests in the U.K. this summer. with the aim of developing a technology that could eventually replace offshore wind turbines. Kite Power Systems. known as KPS. is working on a 17-meter device that flies on …
Read More »Aramco `will Spend $18bn on Americas Growth`
Saudi state giant to focus on US refining offshoot Motiva in five-year Americas growth plan.
Read More »NIGC Seeks Increased Share of Global Gas Market
Our production level. standing at 850 million cubic meters per day. is not proportional to our exports.
Read More »NIOC Preparing Yadavaran Oilfield Tender
Around 83.000 barrels of Yadavaran production is a blend of light crude and the rest is heavy crude.
Read More »South Africa Open to Iranian Investment if New Refinery Goes Ahead
South Africa bought around 68.000 bpd of crude from Iran in May 2012.
Read More »Essar`s Four-Month Oil Imports from Iran Rise 8%
Iran has named 29 companies from more than a dozen countries as being eligible to bid for oil and gas projects.
Read More »NIOC: IPC Tenders Postponed Due to Elections
The giant South Azadegan Oilfield near the Iraqi border has been singled out as the first field to be tendered under the new terms.
Read More »Chevron`s Most-Costly Mega Project Hits New Obstacle in Australia
LNG import prices in Japan. the world’s biggest buyer. averaged about $9 per million British thermal units in 2009.
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