IRAN - INDONESIA COOPERATION
NGA wrote, ground is ready for greater cooperation between Iran and Indonesia in oil, gas and petrochemicals sectors, President and CEO of Indonesian state-owned oil and natural gas corporation Pertamina Dwi Soetiipto said on Monday.
He spoke to reporters after signing a cooperation document with Iran's National Iranian Oil Company, Iran energy information agency Shana reported.
Indonesia is looking to increase imports of LPG, petrochemical products and crude oil from Iran in the near future. Earlier this year, Indonesia inked a deal to buy LPG from Iran.
Removal of sanctions, improvement of cooperation between Tehran and the world and Iran's decision to increase oil and gas output have provided lots of opportunities for increased cooperation, Pertamina president added.
Pertamina is also keen on investing in Iranian infrastructure projects including refineries, he said.
National Iranian Oil Company and Pertamina signed a memorandum of understanding (MoU) on Monday under which latter will carry out studies of two Iranian oil fields, Abteimour and Mansouri.
|September, 20, 09:05:00|
|September, 20, 09:00:00|
|September, 20, 08:55:00|
|September, 20, 08:50:00|
|September, 20, 08:45:00|
|September, 20, 08:40:00|
BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.
The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.
“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.