With an extraction rate of 16%. Azar is one of the joint fields with Iraq. along with Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.
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Russia has accused the European Union of attempting to disrupt plans for the North Stream-2 gas pipeline.
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Most of the recent talk about Aramco’s international listing venue has centered on New York and London.
Read More »Spokesman Dismisses Bahrain`s Claims against Iran as `Baseless`
An explosion of a pipeline on Friday suspended the supplies of oil from Saudi Arabia to Bahrain.
Read More »OPEC Concedes That U.S. Shale Won’t Die
The group sees U.S. shale fizzling out after 2025. leaving OPEC once again in charge.
Read More »European Union Determined to Preserve Nuclear Pact
Mogherini had voiced her readiness to help lawmakers ".find solutions that are compatible". with US compliance under the agreement.
Read More »The Saudi Purge will Spook Global Investors and Unsettle Oil Markets
Outside the kingdom. the impact will be felt in business. finance and oil markets.
Read More »Russia. Iran Agree to Begin Work Next Year on Controversial 1.200km Pipeline to India
The US had sought to persuade India to secure its future energy supply using an alternative TAPI pipeline.
Read More »Brazil Rejects Saudi Arabia`s Overtures on Oil Output Cuts
OPEC meets at the end of this month and has been widely expected to extend the deal.
Read More »Iran to Pump Gas to Basra by Yearend
Iraq is Iran'.s southwestern neighbor. and its port city of Basra is located in southeast of the country at northern edge of the Persian Gulf.
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