Latest news
U.S. imposes new tighter sanctions on Iran’s oil
Obama administration has unveiled new sanctions against foreign banks, as well as on firms that help Iran sell its oil, as Iran is refusing to answer international questions about its nuclear program.
read more... 02/08/2012
Nord Stream pipeline is ready to become operational
The second underwater gas pipeline of Nord Stream has been successfully completed, ahead of the schedule. The 1,224 km offshore pipeline will join the onshore landing between Russia and Germany in August. This second line is expected to become operational in the last quarter of this year.
read more... 11/07/2012
Iran’s oil exports slump by half in July
The international sanctions regime has sharply cut Iranian oil exports almost by half in July, being the biggest supply disruption from a member of the OPEC since an armed conflict last year in Libya.
read more... 06/07/2012
EU oil ban on Iran came into force
The UN Security Council, which comprises 5 permanent members and one non-permanent, has imposed a number of restrictions aimed to punish Iran over its nuclear program, being the most stringent and drastic oil embargo put ever on Iran’s oil industry.
read more... 03/07/2012
Iraq's oil production hits a 20 year-peak
Iraq saw its oil production at the highest level since 20 years, due to an increased production at Halfaya field, which exceeded 3.07 million barrels a day this month.
read more... 27/06/2012