Basra is home to Iraq’s biggest oil fields. and their exports make up more than 95 percent of the country’s state revenue.
Read More »Iran Denounce Saudi Arabia for Pumping `Above Target`
Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.
Read More »No Electricity Supply to Iraq in Near Future
Earlier this month. Iran has cut electricity supplies to Iraq due to unpaid bill. affecting Iraq’s Dhi Qar. Maysan and Basra provinces.
Read More »China`s Dominant Role in Global EV Markets
China has been pushing hard for its companies to be global leaders in new technologies.
Read More »Saudis Offer Extra Oil in Asia as OPEC Leader Pumps More
Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.
Read More »CNOOC to Invest $3bn in Nigeria
Nigeria remained the largest investment destination for CNOOC.
Read More »China`s Shanghai Exchange Launches New Fuel Oil Contract
Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.
Read More »Chinese Refiner Halts US Crude. Turn to Iranian Oil
US tariffs of 25 percent on $34 billion of Chinese imports took effect on July 6.
Read More »S.Korea`s June Crude Oil Imports Drop Lowest since Jan 2015
South Korea’s crude imports in the first six months of this year were 74.11 million tonnes.
Read More »ADNOC Subsidiary Awards Contract to Develop Offshore Oil Field
Agreement aims to increase production capacity from the Bu Haseer field from 8.000 bpd too 16.000 bpd.
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