News / International
Iran to Receive Overdue Debts from Indian Refiners
Indian refiners are preparing to deposit $700m with the United Commercial Bank to transfer the first installment of oil payments owed to Iran,
Iran to Pursue EOR Contracts Internationally
Press TV quoted Mohammad Keramati, the head of the Iranian Research Institute of Petroleum Industry, as saying that more than 490b barrels of Iran’s oil reserves are not recoverable without the right technologies.
Saudi Adamant Over Prices as Crude Demand Returns to OPEC
Sources told Reuters that Saudi Arabia sees no need to hold a summit for oil producing countries' over oil prices if such discussions would fail to produce any concrete resolution of the outlying issue.
Indonesia to rejoin OPEC
Indonesia said it’s preparing to rejoin OPEC, Reuters reported.
Iraq Investment Rating Daunts International Bond Plans
A source informed Bloomberg that the Iraqi government has mandated Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. to organize meetings to help launch the country’s planned $6b international bond program, announced last month.
Iran Waiting for Mexico and Venezuela to Make OPEC Price Moves
Mexico is willing to work with OPEC if the group tries to stabilize crude markets amid a global supply glut and slide in prices, Iran’s Oil Minister Bijan Namdar Zanganeh said
South Sudan Struggling with Oil Revenues and Cooperation
South Sudan's parliament passed a budget for 2015/2016 on Tuesday
Huawei to Train Saudis in Oil and Gas ICT Solutions
Huawei--a global information and communications technology (ICT) solutions provider--has launched a new Joint Innovation Center (JIC) in Saudi Arabia together with Saudi Aramco and King Fahad University of Petroleum and Minerals (KFUPM)
