The cash subsidy scheme has created a big hole in government finances.
Read More »East Asian Companies Briefed on Iran Petroleum Contract
NIOC says a second list of qualified companies will be made available soon.
Read More »Iran to Realize OPEC-Designated Production Quota
It was decided during the meeting that majority of members curtail production by a combined amount of 1.2 million barrels.
Read More »3 Factors Posing Threats to Higher Crude Prices
Three factors could pose major threats to the anticipated upsurge in global oil prices in 2017.
Read More »Iran Greetes Gambia’s Peaceful Power Transfer
Jammeh left the Gambia on Sunday after finally conceding defeat in an election under increasing international pressure.
Read More »Iran Easily Go Back to Pre-JCPOA Conditions
Tehran does not want to see the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) to be torn off.
Read More »Options Available If Trump Scraps Nuclear Pact
The JCPOA is not a mutual agreement [but] is a multilateral agreement.
Read More »Schlumberger Waiting for Rise in Global Oil Spending
The world’s largest oilfield service provider sees international spending picking up in the second half of the year and into 2018.
Read More »Key JCPOA Players: Support the Deal
EU foreign policy chief. Federica Mogherini. who facilitated the agreement. praised the deal as a major achievement.
Read More »China-US Trade Tensions Big Worry for Global Outlook
The two largest economies need to sort out their differences for the wellbeing of the global community.
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