China'.s State control on foreign exchange flow was a key reason for the repeatedly postponed launch of Shanghai crude futures.
Read More »UAE and India Ink Oil Agreement
The Indian consortium contributed a participation fee of around $599 to enter concession.
Read More »US Largest LNG Exporter will Supply CNPC
CNPC has agreed to purchase about 1.2 million tonnes of US LNG per year.
Read More »IAEA Hails Qatar’s Role in Promoting Peaceful Uses of Nuclear Energy
Yukiya Amano. has praised the role of the State of Qatar and its continued cooperation with the Agency to promote the peaceful uses of nuclear energy in the world.
Read More »Iraq Seeks $100 Billion to Revive Economy
A U.S. official in Baghdad said 100 U.S. companies were participating in the conference.
Read More »India to Boost Oil Refining Capacity By 77%
India plans to increase its crude oil refining capacity by 77 percent to 438.65 million tons.
Read More »Crescent Petroleum to Increase Production in Iraq
UAE-based firm plans investment of $1b to boost gas production to 500m cubic feet by 2020
Read More »Iran Ready to Supply 3.000MW Electricity to Pakistan
The Iranian ambassador stressed the need for greater use of the capacities of the two countries.
Read More »Iran`s LPG Exports High with Sales to Asia. Africa
Iran’s LPG exports appear to rise this year and for February. the country has already 132.000 tons fixed for lifting in three cargoes.
Read More »Samsung JV Wins Abu Dhabi Refinery Contract
The Abu Dhabi oil major plans to invest $3.1 billion into the refinery project to introduce crude processing flexibility.
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