Tag Archives: Saudi Arabia

The OPEC 171st session aiming at reviewing the oil freeze plan was held in Vienna on November 30.

Iran is now pumping around 3.8 million barrels per day of oil and condensate.

The nuclear deal helped increase oil exports. providing a vital boost to public funds to balance budgets for various sectors.

Oil sanction inflicted about 170 billion dollars of damage on Iran.

Saudi Arabia and the UAE. are trying to reduce their reliance on oil and generate more power from the sun.

South Korea'.s Iranian crude oil imports in December soared nearly eight times more than a year ago.

Iran'.s light and higher-value crude averaged $41 per barrel in 2016 and its heavy oil grade averaged $39.19.

Data shows that the international sanctions took a toll on Iran'.s petrochemical industry.

NITC operates one of the world'.s largest tanker fleet ahead of regional rival Saudi Arabia as well as Qatar. Oman and the UAE.

Implementation of research project to identify gas shales has begun in Lorestan province and the Zagros basin.