Tag Archives: Asia

The world’s largest oil exporter shipped almost 4 million tonnes of crude to China in July.

China has become the world'.s third largest shale gas producer behind the United States and Canada.

Essar Oil'.s new owners will settle over 2 billion euros ($2.4 billion) owed to Iran for past oil purchases.

A large number of Iranian traders started to ship food to Qatar following the political crisis.

In the meantime. other foreign companies are welcome to discuss their interest in the gas field.

Iraq may change the benchmark but keep timing for lifting oil at a one-month gap.

The cost of reconstruction has been estimated at between $700 billion and $1 trillion (590 billion to 840 billion euros).

A follow-up meeting will be held to explore cooperation in several different sectors. They include. industry. logistics. housing and financial services.

The project will have capacity to refine 100.000 barrels of oil per day.

Saudi Arabia has moved back up a notch in the race to supply oil to China and compete for market share in Asia’s biggest crude consumer.