Saad al-Kaabi, Qatari energy minister and chief executive of Qatar Petroleum, announced that his country intends to expand the world’s largest liquefied natural gas (LNG) project, i.e. its North Field (known in Iran as South Pars) gas field, and expects investment opportunities overseas, despite a slump in global energy demand …
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Iranian Oil Minister Bijan Namdar Zanganeh said the country’s petrochemical production capacity is planned to cross 100 million tons per year by the end of the current fiscal (March 2021). Speaking to local radio, Zanganeh underlined the most important plans of his ministry this year, saying, “We must all take …
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The number of U.S. oil-producing companies filing for bankruptcy has exceeded 200 in the first quarter of 2020, and as billions of dollars in revenue have vanished amid low oil prices, thousands of workers have also lost their jobs. Due to the coronavirus, crude oil prices last month hit their …
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Russian Energy Minister Alexander Novak is due meet oil majors to discuss the implementation of global oil production curbs and the possible extension of the current level of cuts beyond June, sources familiar with the plans told Reuters. The meeting on Tuesday is a further sign that Moscow is committed …
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Gas transit via the Yamal-Europe pipeline from Russia through Belarus and Poland to Germany has been brought down to zero on Tuesday. According to the results of the previous auction, the Polish section of the pipe was booked only by 3.7% on Tuesday. This is according to the data of …
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While it may seem like the whole world has come to a standstill, NASA is notably continuing to prep for one of the most important missions in recent memory, set to launch on the 27th of May, coinciding with the week of Memorial Day. Riding aboard a SpaceX-built Falcon 9 …
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India’s massive solar power park scheme holds immense investment potential, a recent study has found. According to the thinktank Institute for Energy Economics and Financial Analysis (IEEFA), India could attract investment worth $500-700 billion in its solar power park scheme. The investment is likely to come not only in power …
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China’s crude oil imports from Russia rose 17.7% year on year to 7.2 million mt or 1.76 million b/d in April, resulting in Russia overtaking Saudi Arabia to become the country’s top supplier in the month, latest data from China’s General Administration of Customs showed. Crude imports from Norway jumped …
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Two new airport development projects were inaugurated on Monday by President Hassan Rouhani, Minister of Roads and Urban Development Mohammad Eslami, Managing Director of Iran Airports Company Siavash Amirmokri and other officials via videoconferencing. The first project is the new runway at Ramsar International Airport in the city of Ramsar, …
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Abdel Bari Atwan, the editor-in-chief of the Rai al-Youm website, has told Al Mayadeen TV channel that the U.S. President Donald Trump has suffered defeats as Washington’s sanctions on Venezuela have been broken by arrival of Iran’s oil tanker. President Hassan Rouhani’s warning about Tehran’s firm response in case of …
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