Oil Falls 2% Ahead of OPEC Meeting
Oil prices fell on June 21 as producers prepared to discuss the lifting of production cuts at the biannual OPEC meeting on June 22 in Vienna.
Iran | Egypt Oil & Gas - Part 22
Iran Rules Out Agreement at OPEC Meeting
The Iranian oil minister has stated that a deal on oil output at the June 22 OPEC meeting in Vienna is unlikely, setting the stage for a clash with Russia and Saudi Arabia, who are pushing to curb the current prod ...
Iraq Opposes Calls for OPEC Production Boost
Iraqi oil minister Jabar al-Luaibi released a statement on June 11 in which he warned producers against being pressured to boost output levels, adding that unilateral decisions could collapse the OPEC and non-OPEC ...
Russian Firms to Bid for Iranian Shadegan Oil Field
Two Russian firms are reportedly preparing bids and technical proposals to develop the Shadegan oil field in southern Iran.
Iran to Boost Crude Output by 460M barrels Over 3 years
Iran is planning to increase its oil production by 460 million barrels over the next three years, according to oil minister Bijan Zanganeh.
Iran Sanctions: Pergas Consortium Ready to Replace Foreign Contractors
Pergas International Consortium will replace international companies unable to continue work in Iran because of the upcoming reimposition of US sanctions.
Aramco Raises Price of Crude Exports to Asia
Saudi Aramco has increased the price of crude exports to Asian buyers to their highest levels since 2014 amid rising demand for Saudi oil.
Iran Sells First Cargo of West Karoun Crude to Repsol
Iran has sold its first cargo of West Karoun crude oil to Repsol.
Iran, Iraq Begin Crude Oil Swap
Iraq has begun deliveries of crude oil from Kirkuk to Iran, while Tehran will export a similar amount to Iraqi ports on its southern border.
Iran to Install 6 New Rigs at South Pars Field
The Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on May 31 that sox new oil platforms will be built at Iran’s South Pars Gas Field in the Persian Gulf.
