Tag Archives: Facilities

Saudi Aramco’s status as an oil-producing behemoth always marked it as likely to suffer bouts of volatility.

The subsidy-free plants will together generate enough electricity to power more than a quarter of a million homes every year.

Oil prices had peaked to their highest levels since the assault on two Saudi Arabian production facilities last September.

Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers.

The latter company is developing a way of producing hydrogen from waste plastic. with a view to completing the first facility this year.

A flare-up in U.S.-Iran tension may be keeping oil elevated. but an actual disruption to global crude supplies is needed to keep prices at current levels.

The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated.

Oil in New York capped its biggest annual increase since 2016. as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China.

Iranian Minister of Roads and Urban Development said his ministry plans to add some 1500 kilometers of railroad to the country’s rail network by the end of the current administration’s term in office.

The usury-free banking law was initially planned and ratified by the Parliament in 1983 and was to be reviewed after fives years from its ratification.