The combined order figure accounts for 79 percent of the three firms'. order target of $13.2 billion for this year.
Read More »Iran will Build Crude Oil Storage Facility at Gulf of Oman Port
Omid Investment Management Group Co. also signed the deal. under which construction should be completed within three years.
Read More »Modi Inaugurates Mundra LNG Terminal
India’s economic development is likely to have a considerable impact on future international energy markets.
Read More »Aramco Plans to Boost Oil Capacity by 550.000bpd in Q4
The capacity of the giant Khurais oil field will be expanded by between 250.000 bpd and 300.000 bpd.
Read More »China Decides to Build First LNG Power Plant
The plant is expected to cost some US$400 million.
Read More »Saudi Crown Prince will Discuss Neutral Zone Oil Output during Kuwait Trip
Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.
Read More »Saudi Arabia Plans 10% Increase in Spending to Spur Economic Growth
Despite efforts to expand the economy. growth will remain under 2.5 percent during the next three years.
Read More »US Considers Alternative Oil Supplies for India
The United States is consulting with all of its friends and partners to discuss the implementation of the sanctions after the snapback.
Read More »Sinopec Stops Iran Oil Loadings under U.S. Pressure
Beijing has repeatedly defended its energy trade with Tehran. worth about $1.5 billion a month.
Read More »Iraq Aims to Ramp Up Production at Newly Restarted Oil Field
The Qayara oil field was shut-in for years until last year. due to the war with Islamic State.
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