The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on Monday to develop eight oilfields.
According to the Oil Ministry news agency, production, maintenance...
Oil prices rose on Monday following news China plans to ship large volumes of US crude in August and September, which outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
Brent crude added 32 cents, or 0.7%, to $45.12 a barrel, while US...