Central and eastern China accounted for about 89 percent of new capacity. the NEA said.
Read More »UK Needs to Preserve Iran Nuclear Deal
The US president has taken positions that are unconstructive and could even escalate conflict.
Read More »2 Refinery Rehab Projects Awaiting Funds
Bandar Abbas Refinery’s mazut production will be reduced to less than 10% of the total while sulfur output will fall to less than 1%.
Read More »Big Oil Betting On Electric Vehicles
Automaker are feeling pressed by strict emissions reduction rules in Europe and China.
Read More »Saudi Arabia May Cut June Light Crude Prices to Nine-Month Low
Most of the survey respondents expect Arab Light crude to be cut by 40 cents in June.
Read More »Oil Prices Inch Down on High Stocks. Weak China Factories Survey
The Organization of the Petroleum Exporting Countries (OPEC)meets this month to discuss oil supply policy.
Read More »China`s Oil Stockpiling in First-Half 2016 Slows on Tank Shortage
China boosted its SPR across nine bases by adding 1.28 million tonnes of crude oil in the first half of 2016.
Read More »Nouri Petrochem Co. Sets Production Record
Nouri plant was launched w in 2007 at a cost of $240 million.
Read More »Iran to Finalize Talks with Foreign Oil. Gas Majors
Linde executives point out that European banks are still cautious about doing business with Iran.
Read More »Iran to Pursue US Lack of Commitment Toward JCPOA
US President Donald Trump is an outspoken critic of the agreement negotiated by his predecessor Barack Obama.
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