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Iran is ready to join the plan on freezing of oil production volumes, since the country has already reached the desired production level, the representative of National Iranian Oil Company (NIOC) stated. The director for international relations …
Iran has increased its oil production to 3.8 million barrels a day, a source in the state-owned National Iranian Oil Co. (NIOC) informs. According to the …
Russia has began negotiations to launch futures for the Urals oil. The Saint Petersburg International Commodity Exchange (SPIMEX) is preparing to launch a futures contract on the Russian export blend Urals and it invites international trading …
According to mass media, two Iranian companies have signed an agreement on the construction of a gas pipeline to transport natural gas from the South Pars field through Iraq and Turkey to Europe. "Two Iranian companies have signed …
The Azerbaijani gas transport project Southern Gas Corridor is not a competitor to the Russian gas suppliers to Europe, energy experts said today in an interview with correspondents of Vestnik Kavkaza, commenting on recent insinuations in the mass ...
Oil companies and analysts name different levels of the cost of extracting oil in the Russian Federation. The cost of extracting oil in Russia is about $2 per barrel, the cost of extracting oil from difficult-to-extract and …
Tehran's representative to the Organization of the Petroleum Exporting Countries (OPEC), Mehdi Asali, said that he considers "illogical" the proposal to freeze Iran's oil production now, Reuters reports. …
Russia continues to show interest in the Turkish Stream pipeline project and the Akkuyu nuclear power plant, but in the light of difficulties in relations between Moscow and Ankara, their future is under question, the Russian ambassador to …
The world oil markets have experienced an unprecedented boom. According to Bloomberg, as of February 2nd the number of long and short positions opened by traders reached a record level since 2006 when such statistics in general began to ...
Russia's losses will reach about $ 600 billion due to financial sanctions and a sharp drop in oil prices over the period from 2014 to 2017, analysts of the Economic Expert Group, Evsei Gurvich and Ilya …
Ankara continues to consider the Turkish Stream project as a commercial deal and is ready to hold Russian-Turkish negotiations on its implementation, Turkish Deputy Chief of Mission in Washington, Tugay Tuncer, told …
As the result of 2015 Russia was the second country is respect of exportation of oil to China – 42.43 million tons of oil (the annual increase was 28%). The leading positions belonged to Saudi Arabia the last year, which supplied …
