The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.

The bond sale represents an alternate way for Saudi Arabia to raise money and diversify from oil.

Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.

Iran’s 15 neighboring countries account for 55 percent share of non-oil exports.

China continues its effort to switch away from coal.

Surging oil prices over more than a decade helped many Gulf states expand aggressively at home and abroad.

The joint ministerial monitoring committee of OPEC+ is meeting in May.

The recent flash floods across the country had mostly hit oil-rich provinces such as Khuzestan.

Iraq had a company like EIED which could establish ties with its Iranian opposite number.

Sanctions can cut 500.000 bpd of Venezuelan exports.