Baghdad depends on the oil sector for more than 90 per cent of its revenue.
Read More »Russia Increases Supply of LNG to Japan
A plan of bilateral cooperation of eight points was proposed by Japanese Prime Minister Shinzo Abe during his visit to Russia in May 2016.
Read More »Iran Intends to Rise Power Capacity by March 2019
The energy minister noted that about $3.5 billion were invested in power plans last year.
Read More »Turkish. Russian Presidents Take Part in Akkuyu NPP Foundation Laying
The Akkuyu nuclear power plant is the first BOO (build-own-operate) nuclear power plant project in the world.
Read More »Russia’s Zarubezhneft can Transfer Capital to Iran via European Banks
There are many banks in Russia that have established fair relationship with Iran.
Read More »Iraq Plans to Cooperate with Baker Hughes. GE
It is the second contract signed by Iraq to process gas associated with oil. after one with U.S. energy firm Orion in January.
Read More »Iran Rises Azar Oilfield Production
Azar is shared with neighboring Iraq. where it is known as Badra.
Read More »Saudi Arabia to Cut May Crude Prices to Asia
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
Read More »Ice-Breaking LNG Carrier Vladimir Rusanov Loads First Cargo
Constructions of the second and the third vessels is underway. and they are expected to be delivered at the end of September 2018 and September 2019 respectively.
Read More »China Hints at Early ‘Petro-Yuan’
The Chinese plans to pay in yuan for oil are at early stages.
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