The price for September futures of West Texas Intermediate (WTI) grew by 0.02 percent and stood at $48.83 per barrel.
Read More »Increase of Iran`s Oil Export to India
Iran’s total oil production currently stands at around 4 million bpd and its most important clients are China. South Korea. India and Japan. respectively.
Read More »Siemens Announces Technology Push for Improved Power Plant Efficiency
Siemens is developing this class in an evolutionary development step derived from its proven SGT-8000H technology.
Read More »India Uses Bio Fuel for Its Warships
India'.s crude oil import bill is expected to increase 23% from $70 billion in 2016-17 to $86 billion in 2017-18.
Read More »How Russia Is Dribbling Past Sanctions with the Essar-Rosneft Deal
With Essar oil. Rosneft’s refining capacity goes up from 100 to 120 million tonnes.
Read More »Russian-Flagged VF Tanker-20 Discharged 6.000 tonnes of Turkmen Oil in Iran
The average daily swap was 90.000 bpd in 2009. which Iran planned to raise to 300.000 by 2015.
Read More »Kuwait Says Oil Spill Strikes Its Waters in Persian Gulf
Tiny Kuwait. an OPEC member nation. has the world'.s six-largest estimated oil reserves.
Read More »Oil Ministry Certified Six More Domestic Firms for Oil Projects
Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.
Read More »Turkey Upgrades Old Hydroelectric Power Plants
Currently. 600 hydroelectric power plants operate in Turkey.
Read More »2 South Pars Phases to Renovate
The country aims to raise output to over 1 billion cubic meters by March 2018.
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