The United Arab Emirates Announced Withdrawal from OPEC and OPEC+, Which Unite the Largest Oil-Producing Countries
UAE Energy Minister Suhail Mohamed Al Mazrouei told Reuters that the decision to withdraw from OPEC was made after a thorough analysis of energy strategies. When asked whether the UAE had consulted with Saudi Arabia, the de facto leader of OPEC, he replied that the UAE had not raised this …
Iran’s South Pars Gas Field Generates $130 Million Worth of Production Per Day
Iran’s South Pars Gas Field (SPGF) generates $130 million worth of output per day, according to Zargam Heydaria, an official from Bushehr province in southern Iran. The field has 13 refineries and 336 wells in the Persian Gulf producing more than 705 million cubic meters of gas per day, Heidariyeh …
Iran Signs Contract For Joint Gas Field With Qatar
Iranian state company Petropars has been awarded a contract to build a large platform to be installed in the Belal gas field in the Persian Gulf near the maritime border with Qatar. At a ceremony on Sunday, the Iranian Offshore Engineering and Construction Company (IOEC) won the contract to build …
Iranian Tanker Caught Fire Off the Coast of Saudi Arabia. Iran Claims Missiles Hit It
An explosion occurred on an Iranian tanker off the coast of Saudi Arabia, it caught fire. The ship of the Iranian national oil company was sailing 97 kilometers off the coast of Saudi Arabia at the time of the incident, local media reported. Two main storage tanks were reportedly damaged. This …