The ongoing crisis in the South American country of Venezuela has also seen supplies from the nation drop from 7.6 MT to 6.2 MT.
Read More »Saudi Aramco has Made Significant Progress in Restoring Damaged Oil Infrastructure
Abqaiq was struck 18 times in total. with 11 hits on its giant spheroids. which separate natural gas and water from the oil.
Read More »Korean Shippers Set to Join Hands to Win Huge LNG Shipping Orders from Qatar
Industry insiders speculate that the Qatari state-run company will need an additional 60 LNG carriers for the project.
Read More »Russia will Build $1bn Oil Complex in Saudi Arabia
The organization will stick to the agenda of keeping oil prices at a ``sensible level`` in the future.
Read More »Senior Official Underlines Need for Boosting Iran-Syria Trade Cooperation
A senior Iranian trade official said that the economic exchanges between Tehran and Damascus can grow 10 fold given the two countries'. potentials and friendly ties.
Read More »Tehran. Beijing Confer on Expansion of Customs. Trade Ties
High-ranking Iranian and Chinese officials in a meeting in Tehran reviewed avenues to further broaden relations between the two countries in customs and trade fields.
Read More »Yemeni Attack on Aramco Facilities Costs Saudi $2bn Worth of Oil Output
The attack by Yemeni forces last month shut down 5.7 million bpd of Saudi Arabia’s oil production.
Read More »Aramco IPO could Break Records
The Aramco IPO will undoubtedly raise an enormous amount of capital. and prospects look good for the immediate future.
Read More »Iran. Azerbaijan Vow to Expand Mutual Cooperation
Iranian President'.s Chief of Staff Mahmoud Vaezi and Azeri Minister of Labor and Social Protection of Population Sahil Babayev in a meeting in Tehran underlined the need to broaden bilateral relations in different fields.
Read More »Iran. Armenia to Broaden IT Cooperation
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi in a meeting with his Armenian counterpart Hakob Arshakyan in Yerevan vowed to further develop bilateral relations.
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