International

Iraq has failed to lure investors for the project. which includes building a refinery to process crude from the region.

Despite soft trading last week. technical analysis points to plenty of upside before the end of 2018.

Western powers imposed sanctions in 2014 after Russia’s annexation of Crimea.

Electricity consumption has gone up in Iraq since the 2003 US-led invasion that toppled Saddam.

JPMorgan and Morgan Stanley have been picked to advise on Aramco’s plan to buy up to a 70 percent stake in the petrochemical maker.

Aramco’s huge oil reserves with SABIC doesn’t automatically create much value.

Lukoil commenced commercial production at the field in 2010 and the development was carried out in two stages.

India is Iran’s top oil client. and it is also one of the countries that are most heavily dependent on oil imports.

Looking to build on recent success. BP. Eni and Shell have all been aggressively approving greenfield projects during the downturn.

Aramco pumps around 10 million bpd of crude oil.