Tag Archives: Sanctions

Iranian engineers have been. however. able. to meet the country'.s domestic engineering needs.

One major stated purpose of these terms is to make the Ukrainian gas transit system commercially attractive for major European companies.

Venezuelan production will decline by an additional 300.000-500.000 barrels per day (bpd) this year.

The Islamic Republic of Iran has always been seeking consolidation of peace and stability in the region.

Trump had no choice but to exempt some importers of Iranian oil. including India. South Korea. China and Japan from the order.

Venezuelan crude exports to the United States last year fell 15 percent to the lowest annual average in nearly three decades.

U.S. officials are considering a range of potential measures. including restricting U.S. imports of Venezuelan oil or even a full ban.

The European Union is also working on a financial mechanism to ease non-dollar trade with Iran and circumvent US sanctions.

The oil was found at a depth of 3.570 metres in an exploratory well and is very light and sweet.

Dudley believes the oil market is tightening up.