Tag Archives: Trend News Agency

The company moved about 80 percent of the crude it pumps from its 44.000-45.000 barrels per day field through the swap deal.

OPEC crude oil production is expected to average 32.53 million barrels per day in 2017 and 32.96 million barrels per day in 2018.

The country currently produces 513.500 tons of crude oil per day of which 230.000 tons are refined.

The price for September futures of West Texas Intermediate (WTI) dropped by 0.14 percent and stood at $49.09 per barrel.

The project is worth about $250 million. The entire amount is paid by local companies.

Both Total and Shell have signed a memorandum of understanding (MoU) with Iran on Petrochemical sphere in 2016.

On July 26 oil prices continue rising.

Between January and June 2017. the participating producing countries adjusted their production downwards by an estimated volume of 351 million barrels.

Total and Iran earlier signed a 20-year contract worth $4.8 billion to develop South Pars gas fields’ 11th phase.

As of today. SOCAR investments in Turkey reached about $19.5 billion. a part of which has been invested in the Star refinery.