The first cars are expected to be produced at the plant in Neftchala in late September 2017.
Read More »Oil Slides as Russia Speaks Out Against Deeper Output Cuts
Deeper cuts could help prices. but the question remains: how many of the parties to the deal could afford deeper production cuts?
Read More »Energy Giants Court Qatar for Role in LNG Projects
Qatar. the world’s largest LNG supplier and second biggest gas exporter after Russia. has some of the lowest production costs.
Read More »G20 Provide for Fossil Fuels 4 Times More Than Renewables
The public finance comes in the form of soft loans and guarantees from governments.
Read More »450 Megawatt Power Plant Launched in Khuzestan
The power plant is to use the cutting-edge F-class gas turbines that have an efficiency rate of over 58%.
Read More »New Saudi Crown Prince Hopes to Diversify Away from Oil
Mohammed bin Salman battles against time to implement ambitious economic reforms.
Read More »Russia Opposes Any Move to Deepen OPEC Cuts at Talks
Russia plans to host a meeting of some ministers from the Organization of Petroleum Exporting Countries and several non-members in St. Petersburg on July 24.
Read More »Gazprom to Start Gas Supplies to China Via Siberia in December 2019
The new pipeline. dubbed the ".Power of Siberia".. has a planned annual capacity of 38 billion cubic meters.
Read More »IPC Will Encourage Domestic Oil Equipment Sector
IPC is the first Iranian oil contract that clearly stipulates a role for domestic oil and gas equipment manufacturers.
Read More »Iran Considers to Develop More Oil. Gas Deposits
Top priority has been assigned to developing joint oil and gas fields because our neighbors are drawing from the underground resources at a rapid pace.
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