Ban-free Iran smashes regional equations
Ever since the victory of the Iranian Revolution in 1979, Tehran’s regional rivals, which happen to be seeking to dominate the global oil market, never relented to tense up their siege of Iran by targeting Iran’s export routs and energy links with the world; but the nuclear deal smashed all…
Italy’s Saipem signs MoU on oil, gas cooperation with Iran
Saipem has signed a memorandum of understanding to cooperate on major oil and gas projects in Iran. The deal with Iran comes at an opportune time for the company, which has been hit hard by a prolonged oil price slump that has prompted oil majors to cut investment and seek…
OPEC ceiling indecision favors Iran: Official
Member countries of the Organization of Petroleum Exporting Countries (OPEC) failed to reach a consensus to put a ceiling to the group’s daily output on December 4. The members therefore decided to stick to OPEC’s policy of producing oil as much as possible to squeeze out unconventional, non-OPEC producers. Shana…
