Tag Archives: Asia

Iran is in the brink of halting export of gas condensates and is instead going to process the ultra-light oil in its new refineries to produce higher-value chemicals, oil Minister Bijan Namdar Zangeneh said.

The East-Asian country plans to begin to shift away from thermal and nuclear power generation to a larger proportion of renewable energy.

The company has installed nearly 8MW of roof-mounted solar systems across the region so far in 2020.

The Director General of Ilam Customs Office said that talks continue with Iraqi customs officials for reopening Mehran Trade Border.

Saudi Arabia stood by its pledge to curtail oil output under the OPEC+ deal, reducing shipments to the prized Asian market. Saudi Aramco cut contractual volumes for June loading to at least seven Asian customers, according to traders notified by the state-owned company. Three other regional buyers received what they …

Asian spot prices for liquefied natural gas (LNG) have jumped by at least 20% in a week as supply of the super-chilled fuel tightens amid fewer cargoes arriving from the United States and as demand rebounds in the region, several traders said. Several cargoes have changed hands at $2.40 to …

The organisations recommend enhancing green investments in the region in a bid to strengthen health systems and support pandemic-hit economies.

China’s trade with Iran has reached a stunning new low. Data released Thursday by the Chinese customs administration show that declared imports of Iranian oil in March amounted to just $115 million, down 89%, year on year.

South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg on Monday, as available storage capacity everywhere in the world in shrinking fast amid the demand collapse. South Korea’s total commercial …

The $3m project is expected to contribute to more than 80% savings in annual energy consumption.