Possible effects of US oil sanctions against Iran

U.S. sanctions against Iran will ‘undoubtedly put upward pressure’ on the oil prices in the short run, and will be far more aggressive than the previous sanctions, which merely limited Iran’s oil exports by about 50 percent, a senior fellow in U.S. based think tank said on Sunday. (more…)

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Responsible to environment

Considered to be the biggest sector in the world in terms of dollar value, the oil and gas industry is a global powerhouse employing hundreds of thousands of workers worldwide as well as generating hundreds of billions of dollars globally each year. In regions which house the major NOCs, these oil and gas companies are so vital they often contribute a significant amount towards national GDP. (more…)

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