Tag Archives: Royal Dutch Shell

Iran has ramped up oil exports to European customers to 710.000 barrels per day

Iran'.s untapped hydrocarbon market is lucrative enough to appeal to lots of international companies.

There is no conflict between Iran and Japan over Azadegan.

The new IPC has more flexible terms that take into account oil price fluctuations and investment risks.

The Vitol Iranian deal was signed in October and will come into effect this month. one of the sources who is based in Tehran said.

BP is taking a more cautious approach ahead of a Donald Trump presidency which threatens renewed diplomatic tensions with Tehran.

BP had opted out of the bidding because of concerns over possible renewed US-Iran tensions after president-elect Donald Trump takes office on Jan. 20.

Around 17 billion cubic meters of gas is burned off in Iran annually which translates into a $4-6 billion loss for the treasury.

Major European companies including Royal Dutch Shell. BP. Total and Eni resumed buying Iran'.s crude oil last year as Iran ramped up oil sales to its traditional customers in Asia.

The official expounded that the recovery factor in the two joint fields is intended to climb from the current 5.5 or 6 to approximately 20 per cent.