Soft and volatile crude prices at the start of 2019 led most companies to cut capital investment budgets.

Both countries agreed to continue coordinating steps on the global oil market in the OPEC+ format.

Environmental lobbyists say the air quality around ports and refineries is among the dirtiest on the planet.

The formation of a new pipeline company would help reform the energy sector.

Imports stood at 3.38 million tons worth $5.52 billion. down 38.33% and 32.56% in tonnage and value respectively YOY.

OPEC exports are off by over 1.5 million barrels per day (bpd) since November.

China’s LNG imports reached a new record-high in January 2019.

The consortium has been awarding preliminary contracts worth billion to subcontractors for the construction of the facility.

NIOC started oil offering at IRENEX due to the US’s withdrawal from Iran’s nuclear deal and re-imposition of sanctions against Iranian oil sector.

Tokyo is pressing Mitsubishi and Mitsui to make a decision.