International

China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place.

Non-oil trade between Beijing and the Gulf Cooperation Council (GCC) has grown from just several billion dollars two decades ago to nearly $200 billion last year.

The IEA is set to host a clean energy transition event in Paris on July 9.

This will be the sixth waiver the US has issued for Iraq since US sanctions on Iran energy exports snapped back in November 2018.

The slowdown in China’s industrial activity is causing the worst shock to oil demand in over a decade.

Iraq’s proven oil reserves stand at over 145 billion barrels. while gas reserves exceed 3.7 trillion cubic meters.

Oil is off more than 20% from peaks struck in January after a spreading virus hit demand in the world’s largest oil importer and fueled concerns of excess supplies.

The gas pipeline will enable the Russian Federation to optimize gas supplies.

Nahr Bin Omar oil field is considered one of the most controversial fields because of the pollution and gas emissions.

Edison owns an 11% stake in the Reggane Nord gas project and had recently renewed a supply contract running through to 2027.