Japan oil companies to resume cooperation with Iran
An association of Japanese oil companies has decided to resume technical cooperation with Iran’s oil refining industry. The Japan Cooperation Center, Petroleum, or JCCP, made the decision following the recent lifting of economic sanctions on Tehran. The center began sending engineers to the Middle East in 1981 after Japan was…
Oil companies to focus on Iran in 2016: Report
A foreign website specialized in oil markets has written that oil companies will look to Iran in 2016 amid tighter budgets. “The National” wrote that oil companies’ investment this year will be focused on new opportunities in Iran and Mexico as they cut budgets sharply amid continued low oil prices,…
Oil prices may fall further this year: IEA
The International Energy Agency says oil prices may fall further this year due to low demand, warm winter weather and an oversupply of crude. The organization advises countries on energy policy. It said in its monthly report Tuesday that excess global supply may reach 1.5 million barrels per day during…
