The American executive’s tenure has focused on restoring BP to the position it had before the rig explosion in the Gulf of Mexico.
Read More »Iraq Prepares For Oil Export Boom
The Oil Ministry expects that the new island and related plans will allow it to almost double its export capacity within three years.
Read More »India. An Attractive Investment Destination for Saudi Arabia
Saudi Arabia is a key pillar of India’s energy security. being a source of 17% or more of crude oil and 32% of LPG requirements of India.
Read More »Oil Shipping Rates Jump as US Sanctions Hit Crude Trade
The current strength in rates has been triggered by geopolitics.
Read More »China Hits Back at US for Sanctions on Iran Oil Deals
China'.s cooperation with Iran is legitimate and legal and should be respected and protected.
Read More »Tehran-Istanbul Train Services to Be Launched by Yearend
Managing Director of Islamic Republic of Iran Railways (RAI) Saeed Rasouli said on Wed. that Tehran-Istanbul train services will be launched by the end of the current year (started March 21).
Read More »New Discoveries have Doubled the Value of Russia`s Oil Reserves
Oil accounted for 72 percent of Russia'.s gross domestic product last year.
Read More »Aramco Is Moving Fast with IPO Plans
Aramco held kickoff meetings with the top banks in Dubai last week.
Read More »Saudi Aramco has Emerged from Attacks `Stronger than Ever`
Aramco already brought back part of the lost production and will return to pre-attacks level end of September.
Read More »Qatar Petroleum and Shell will Form LNG Bunkering JV
The new entity will support the purchase and sale of LNG as a marine fuel to customers around the world.
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