The supply for the European market can soon grow to 80.000 vehicles per year.
Read More »OPEC Underestimates China Virus
China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place.
Read More »China Virus Threatens Gulf Economies
Non-oil trade between Beijing and the Gulf Cooperation Council (GCC) has grown from just several billion dollars two decades ago to nearly $200 billion last year.
Read More »Qatar Ready to Re-Route Oil. Gas Cargoes to China due to Spread of Virus
Qatar Ready to Re-Route Oil. Gas Cargoes to China due to Spread of Virus.
Read More »US Extends Iran Sanctions Waiver for Iraq for 45 Days
This will be the sixth waiver the US has issued for Iraq since US sanctions on Iran energy exports snapped back in November 2018.
Read More »Europe’s Southern Gas Corridor almost ready
The total cost for the entire Southern gas corridor is close to $40 billion.
Read More »Asia’s Oil Demand Slump
The slowdown in China’s industrial activity is causing the worst shock to oil demand in over a decade.
Read More »Iran. Pakistan Ink MoU for Electronic Exchange of Customs Data
A Memorandum of Understanding (MoU) was inked in Islamabad between Islamic Republic of Iran Customs Administration (IRICA) and Pakistan Customs on the electronic exchange of customs information.
Read More »Russian Oil & Gas Companies will Invest $20 Billion in Iraq
Iraq’s proven oil reserves stand at over 145 billion barrels. while gas reserves exceed 3.7 trillion cubic meters.
Read More »US to Extend Sanctions Waiver for Iraq to Import Iranian Gas. Electricity
The United States has signaled to Iraq its willingness to extend sanctions waivers enabling the country to continue importing vital Iranian gas and electricity imports. an American media quoted three Iraqi officials as saying this week.
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