Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.
Read More »Saudi Arabia`s economic Renovation is still Dependent on Oil Prices
Norway Stops Making Withdrawals from Its $1 Trillion Wealth Fund
The government will release its revised budget for this year on May 15.
Read More »Russia Complies with OPEC Oil Output Cut Quota by 95.2% in April
Russia committed to reduce oil production by 300.000 barrels a day. had been gradually heading towards this level since early 2017 and reached this level last May.
Read More »Sinopec Plans to Cut Saudi Crude Oil Volumes for Second Month in June
Saudi prices set the trend for Iranian. Kuwaiti and Iraqi prices. affecting more than 12 million bpd of oil bound for Asia.
Read More »Bahrain Leads GCC with Non-Oil Growth of 5pc in 2017
Growth in Bahrain is being driven by a variety of strongly performing industries.
Read More »Kuwait Oil Minister Says OPEC not Discussing Prices
OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.
Read More »Exxon. Sabic form Joint Venture for Texas Petchem Complex
The companies announced the project in July 2016. and aim to make a final investment decision after all necessary permits are secured.
Read More »Turkish. Azeri Firms to Jointly Run TANAP
BOTAŞ and SOCAR will own 50 percent of the company each and are not considering a third partner as yet.
Read More »Shell-CNOOC JV Launches 2nd Ethylene Cracker
The new ethylene cracker will increase the ethylene capacity by around 1.2 million metric tons per year.
Read More »China Call to Continue Supporting Iran Nuclear Deal
China. a permanent member of the U.N. Security Council. is one of the architects of the agreement.
Read More »