A $430 million deal will be signed and finalized today to allow the construction of the largest automated port terminal in the Persian Gulf and the Sea of Oman for handling mining products and metals. Deputy Head of the Port and Maritime Organization.
Read More »Iran Gained Self-Sufficiency Due to Sanctions: Syrian Petroleum Min.
Syrian Minister of Petroleum and Mineral Resources Ali Ghanem said that self-sufficiency has been one of the positive aspects of the US imposed sanctions on Iran.
Read More »Iran’s Economy on Rise. Inflation in Decline
SCI announced that figures from the last month of the local calendar show that point-to-point inflation rate has decreased by 6.6 percent in comparison with a month earlier. signaling that the country is doing well in the face of the US sanctions.
Read More »Saudi Arabia`s 75% of Oil Production at Attacked Plants Restored
The Khurais facility is now producing over 1.3 million barrels per day. while the Abqaiq plant is producing approximately 3 million.
Read More »Oil Majors Push Carbon-Capture Efforts ahead of Climate Talks
Carbon-capture technologies could be expanded to more efficiently trap large amounts of carbon released by facilities such as power plants.
Read More »Saudi Arabia to Restore Full Oil Output by Next Week
Saudi'.s oil production from Khurais is now at more than 1.3 million bpd.
Read More »US Sanctions Hampering Iran’s Environment Efforts on Flare Gas
Iran has also made huge progress in expanding its gas fields while relying on the domestic expertise.
Read More »Aramco Is Moving Fast with IPO Plans
Aramco held kickoff meetings with the top banks in Dubai last week.
Read More »Saudi Aramco will Add Barclays. Deutsche as Bookrunners for IPO
Aramco is moving fast to add banks in junior roles on the deal after choosing the top underwriters last week.
Read More »Ørsted Becomes First Customer of World’s Biggest Offshore Wind Turbines
The firm will use GE’s new Haliade-X 12MW turbines to power its Skipjack and Ocean Wind projects based off the US coast.
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