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LONDON (Bloomberg) — Representatives of OPEC and several other major oil producers will start arriving in Vienna on Friday for their first meeting to monitor compliance with an agreement to cut output. Ministers from Saudi Arabia, Kuwait, Algeria and Venezuela will meet counterparts from non-OPEC nations Russia and Oman to figure out ways to verify that the 24 signatories to ...

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TEHRAN, Jan. 17 (Shana) — First Vice President Eshaq Jahangiri said one of the outcomes of implementation of the Joint Comprehensive Plan of Action (JCPOA) is that Iran’s export of crude oil and gas condensate has reached its highest level since the 1979 Islamic Revolution. “In less than a year, Iran’s export of crude oil and gas condensate has reached ...

TEHRAN, Jan. 18 (Shana) — Iran has opened its first oil industry museum in the southwestern city of Abadan. The museum is Iran’s oldest gas station that was established in Abadan in 1927 by British Petroleum. At that time it provided oil and gasoline for household and transportation sectors. It also served airplanes. Petroleum industry museums in Abadan are to ...

HOUSTON — Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell’s Majnoon oil field in Southern Iraq. Under the contract, Halliburton will mobilize three rigs to drill development wells and carry out workover activities over the next two years. “We are pleased to be awarded this work and the opportunity ...

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