Iran crude oil exports have reached 2.44mb/d which marks a new record. Accordingly Iran is receiving above $80m in direct payments every day as a result its exports to international markets.
Sonatrach exported 89m tons of oil and gas during the first ten months of 2016. Furthermore, oil production had increased by 80,000b/d during the third quarter of the year, with the company making 28 hydrocarbon disc ...
China National Offshore Oil Corporation and France's Total are in final talks over the construction of Uganda's oil pipeline that will run up to the Tanzanian seaport of Tanga.
India is turning to Iran for 6m barrels of crude oil as it seeks to build up its strategic reserves, after talks with United Arab Emirates (UAE) stalled.