Recent Posts

Iran Cuts Oil Output by 200,000bpd

TEHRAN (FNA)- Iran has cut oil production by 200,000 barrels per day (bpd) from 4.04 million bpd, in line with OPEC’s Oct. 24 decision to find ways to support declining crude prices, a director of the National Iranian Oil Company (NIOC) said on Friday.

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Iran, Oman Plan LNG Cooperation

TEHRAN (FNA)- Iran and Oman said they intend to seal a major gas deal by the year end that would allow export of more than 1 billion cubic feet of gas per day via pipeline. This would not only supply Oman’s needs, but also provide supply for liquefied natural gas …

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