Oil exports from Iraq's autonomous Kurdistan to Turkey could start next month, the region's prime minister said, despite a dispute with Baghdad over how to divide the sp oil s from its energy resources.
Oil prices tumbled on Monday after Iran agreed a historic agreement with world powers to halt its uranium enrichment programme, lifting hopes for a relaxation of geopolitical risk and a boost in oil supplies.
Oil prices rose in Asian trade Monday after marathon talks in Geneva aimed at convincing Iran to halt its disputed nuclear programme ended without an agreement, analysts said.
Tehran, YJC. Deputy Oil Minister says Iran needs to allocate $1 billion a month to the South Pars oil field and that each day the expansion operations halted will cost $100 million.
Oil prices edged lower in Asian trade Monday as the United States faces a potentially devastating sovereign debt default after senators failed to end a budget impasse.
Venezuela on Friday said it has detained a US-operated oil exploration ship sent from Guyana in disputed waters off its coast, in a fresh border spat between the two neighbors.
TEHRAN, YJC. The issue of Iran-US relations has grown much hotter since the famous Obama-Rouhani phone call. But it is obvious that these relations have stout opposers especially in the US.
Likened in leaked US diplomatic cables to the fictional Corleone mob family, Azerbaijan's ruling Aliyev dynasty now looks set to extend its grip over the oil -rich Caspian state into a third decade.
Tehran, YJC. The Majlis is devising a procedure to oversee the 11th administration’s dealings with Western oil companies as the Iranian Oil Ministry has started negotiations with giants such as Shell and Total.
Turkey is ready to buy entire Iraqi oil which this country supplies to world markets, Turkish Minister of Energy and Natural Resources Taner Yildiz said, Sabah newspaper reported on Wednesday.