Thanks to the reelection of Hassan Rouhani, Iran has high hopes to sign huge deals with major oil companies such as Total and Lukoil this
Tag: Iran
Qatar Re-Launches Development of the World’s Biggest Gas Field
Qatar has lifted a self-imposed ban on the construction of the world’s biggest natural gas field as it looks to see off an anticipated increase
Iran Discovers New Shale Oil Reserves and Ponders Boosting Gas Exports
Iran has found new shale oil reserves in its western province of Lorestan. The state-run National Iranian Oil Company (NIOC) said that the new discovery
Iran Gets Self-Sufficient in Fertilizer Production
Iran has recently become self-sufficient in the production of nitrogen fertilizers, thus meeting all needs of its agricultural sector. “About 6 million tons of nitrogen
Iran Boosts Output and Readies for Foreign Investment Despite Trump’s Moves
Iran has announced that it would start working on new deals to develop oil and natural gas fields in mid-February – a move that will
Market Update: Oil Freeze Hard to Keep as Prices Sink Again
Oil prices went down earlier this week after Libya, which has an exemption from output cuts, had increased its production by more than a factor
Iran’s Comeback: Teheran Luring International Oil Giants
Iran has granted 29 energy firms from more than a dozen countries a permission to bid for oil and gas projects using the new, less
Market Update: Asian Buyers More Than Double Their Oil Imports from Iran
Iran’s November exports to its four major Asian customers more than doubled for a second straight month from a year ago. Imports of India and
Market Update: Getting Ready for the OPEC Output Freeze
Saudi Arabia has started informing its customers of the planned cut to their January oil supply to comply with the OPEC oil output freeze agreement.
Agreement Reached: OPEC to Cut Its Oil Output
The Organization of the Petroleum Exporting Countries (OPEC) agreed yesterday (30 November) on its first oil production cut since 2008 after Riyadh had reached a