Iran plans to increase the production capacity of its oil fields by 400,000 bpd, state news agency Irna reports , quoting National Iranian Oil Company’s deputy head Gholamreza Manouchehri. Russia’s Continue Reading
A 12-person committee will study best international best practices and develop recommendations for implementing a new law to re-create the Iraq National Oil Company. Basra Oil Company Director General Ihsan Continue Reading
The United States has again outstripped Saudi Arabia as the holder of the world’s biggest recoverable oil resources with current technology, largely due to the doubling of fracking operations in Continue Reading
In the latest signal that the upcoming OPEC+ meeting in Vienna could end in disaster, Iran’s OPEC representative said the country will veto any proposal for a production increase with Continue Reading
Russia and Saudi Arabia have put forward a proposal to increase production by OPEC and non-OPEC countries by 1.5 million barrels per day, Ecuador’s oil minister said on Monday. Carlos Continue Reading
Iran has effectively won the struggle to dominate the future of Iraq. It has done so against the formidable Shi’ite Arab populace, and after nearly a month of raw pressure, Continue Reading
The possible withdrawal of French oil major Total from Iran’s South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in Continue Reading
Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said on Tuesday. Continue Reading
Iraq has informed farmers of a ban on planting rice and other water-intensive crops in the face of increasing shortages because of drought and shrinking river flows. A letter from Continue Reading
United Arab Emirates’ Energy Minister Suhail Al- Mazrouei said on Monday that the oil market is moving closer to rebalancing, according to a statement sent by his ministry. Mazrouei, who Continue Reading
