The exemption will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC through direct rupee payments.
Read More »India Exempts Iran Oil Imports from Heavy Taxes
The two countries on Nov. 2 signed a bilateral agreement to settle oil trades through an Indian government-owned bank.
Read More »Saudi Aramco Purchase of Dutch Rubber Company Completed
The two chemical compounds are used largely in the manufacture of synthetic rubber.
Read More »Qatar`s Exit from OPEC Unlikely to have Impact on Oil Markets
Brent is set to enter 2019 below $54 per barrel and is expected to trend lower amid surging US supply.
Read More »Pakistan Is Looking Forward to Boost Power Cooperation with Iran
The first power transmission agreement between Pakistan and Iran was signed in 2002.
Read More »UAE Energy Minister Optimistic about Energy Market Balance
UAE remains optimistic about achieving a market balance during the first quarter of 2019.
Read More »Iraq Multi-Billion Deal With Exxon. PetroChina in Progress
The Southern Iraq Integrated Project would directly add 400.000 barrels per day of oil production.
Read More »Saudi Aramco Sets January Propane Price at $430 a Tone
Aramco set the butane price at $420 a tone.
Read More »Saudi’s Economic Fortunes Rest on Non-Oil Sector
It is on the non-oil sector that the kingdom’s economic fortunes will ultimately rest.
Read More »U.S.-China Trade Progress Boosts Futures at End of Turbulent Year
The Nasdaq. after rising for six years in a row. has fallen 4.62 percent this year.
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