Social and Events

A 5.200-guest cruiseliner was floated on Tuesday at Meyer shipyard in Germany’s Papenburg.

Sinopec will process 121 million tonnes of crude oil in the second half of the year.

Demand from new buyers is also supporting LNG prices in the region.

Almost 16 banks are expected to participate in the lending process. with the lead banks to be selected later Thursday.

Earlier this year. the US unveiled sanctions aimed at the illegal trade of petroleum products. coal and other goods with North Korea.

Oil-rich region has been racked by protests over poor governance by Baghdad.

Such decision was due to Washington'.s announcement that it would impose sanctions on enterprises making business with this Islamic republic.

The gas pipeline project is currently on the agenda of the talks between Russian President Vladimir Putin and German Chancellor Angela Merkel.

Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq.

Today. many Iraqi cities have security and stability. which alleviates the fear and risk of investment for foreign companies.