Both Saudi Aramco and ADNOC. have announced massive plans to boost their refining capacity and petrochemicals business.
Read More »India`s April oil imports from Iran highest since Oct 2016
Overall. India imported 4.51 million bpd in April. 2.5 percent higher than a year ago.
Read More »Japan to Give Wind Power a Spin in Russia`s Far East
The experiment will see if wind power can be harnessed to cut the region'.s diesel fuel consumption.
Read More »ADNOC to Become Leading Global Downstream Player
Plans are well advanced to expand the complex’s refining capacity by more than 65%. or 600.000 bpd by 2025.
Read More »Lukoil Signs New Development Plan for West Qurna-2 Field
LUKOIL will remain one of the largest investors and employers in Iraq in the coming years.
Read More »Turkey to Launch Gas Pipeline to Europe in June that will Bypass Russia
Turkey will start deep-sea drilling in the Mediterranean this summer.
Read More »IAEA`s Nuclear Inspections Chief Resigns
US President Donald Trump earlier this week announced that the United States would withdraw from the Joint Comprehensive Plan of Action (JCPOA).
Read More »U.S. Exit from Deal will not Impact Iran`s Oil
Trump announced a U.S. withdrawal from the 2015 nuclear deal on Tuesday and said he was preparing new sanctions against Iran.
Read More »Oil Biggest Weekly Rise in a month as Iran Sanctions Loom
Saudi Arabia is ready to offset any supply shortage but it will not act alone to fill the gap.
Read More »US Exit from Iran Deal may Affect Korea`s Oil Imports
Experts say the fresh U.S. sanctions could affect Korean companies seeking to do business and invest in infrastructure and development projects in Iran.
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