The establishment of joint venture is a follow-up of a MOU for new business opportunities collaboration signed in November 2015 with Saudi Aramco.
Read More »Al-Luaibi Awaiting Outcome of OPEC Committee Meeting
Iraq is the second-largest member of OPEC after Saudi Arabia.
Read More »Oil Prices Up as Saudi Arabia Extends Deadline on Qatar Demands
That marked only the second time the weekly oil-rig count fell this year. Oil-rig numbers had climbed for 23 weeks in a row.
Read More »Qatar Seeks to Boost LNG by 30% to 100mn mt by 2025
Qatar is the world’s biggest producer of Liquefied Natural Gas (LNG). Qatar’s current production is up to 77 million tons per year.
Read More »India Gives Iran $11 Billion `Best Offer` on Farzad-B Gas Field
ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.
Read More »Saudi Heavy Crude Price to Asia May Hit Highest in Over Three Years
A fifth trade source surveyed by Reuters said the price for the grade would remain unchanged from this month.
Read More »Gazprom. SOCAR Energy Companies CEOs Discuss Gas Supplies to Azerbaijan
The SOCAR is Azerbaijan’s largest oil and gas company and AzMeCo’s activity is focused on petrochemical projects development.
Read More »Saudi Arabia Considers Plan for Airport Stake Sale
The kingdom expects its privatization programme to yield about $200bn in total through the full or partial sale of government firms.
Read More »S. Korean Gas Giant Signs Agreement with Sempra`s LNG Project in Texas
LNG imports could also ease trade tensions between South Korea and President Donald Trump. The U.S. ran a $17 billion trade deficit in goods and services with South Korea in 2016.
Read More »Iranian Gas will Strength Iraq in Saudi Market War
Iraq. which overtook Iran as the second OPEC producer when Tehran was slapped with intensified sanctions. exported 3.93 million barrels a day in May.
Read More »