The world will need 32.05 million barrels per day (bpd) of crude from its 15 members in 2019.
Read More »Turkish Households Consumed Cheapest Natural Gas in Europe in 2017
While EU has taken major steps to liberalize its energy market since the 1990s. Turkey has also initiated the liberalization of its energy sector.
Read More »Iran Official Says Gas Field Contract with Total. CNPC Unchanged
The renewed US sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program.
Read More »Saudi Aramco Forms $8bn Joint Venture with Acwa and Air Products
The JV will own and operate gasification assets. power block and other facilities at Jazan Economic City in the kingdom.
Read More »Caspian Sea Nations to Sign landmark Deal
Any deal will ".expand the field for multilateral cooperation". between the five states.
Read More »ADNOC Pursue more Japan Deals in Asian Energy Push
The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia.
Read More »Chinese Local Refiners Relieved as Beijing not to Impose Tariffs on U.S. Crude
The latest threat from President Trump is to slap tariffs on US$200 million worth of Chinese goods.
Read More »Iran and Four Ex-Soviet Nations Agree Caspian Status. but not Borders
The dispute began with the fall of the Soviet Union which had had a clearly defined Caspian border with Iran.
Read More »Iran Says Caspian Borders yet to be Agreed
Iran. Azerbaijan and Turkmenistan have for more than two decades contested the ownership of several oil and gas fields in the Caspian Sea.
Read More »Iraq PM to Visit Iran. Turkey
Iraq is the second-largest importer of Iranian non-hydrocarbon products.
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