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The hostile actions of the United States against Iran nullified any possibility of talks between Iran and that country.
Read More »Former IAEA Chief Criticize Trump`s Policy Towards Iran
Kuwait is Borrowing $1.1 bn for Shale Push
Kuwait has long planned to increase its global capacity to produce oil and gas.
Read More »India Loaded 12 Percent Less Iranian Oil in June than in May on Sanctions Fear
Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.
Read More »High Oil and Gas Prices Sends U.S. GDP Soaring
Not only is U.S. shale production growing. but the shale industry as a whole is expected to become profitable this year for the first time in history.
Read More »Oil Prices Drop on Oversupply Concerns as OPEC Output Increased in July
OPEC hiked production by 70.000 barrels per day (bpd) to 32.64 million bpd. the most this year.
Read More »Baghdad Denies Iran’s Role in Iraqi Energy Minister Removal
Al-Fahdavi served as energy minister of Iraq since 2014.
Read More »South Korea Plans to Lower LNG Tax for Power Generation
S.Korea has favoured coal and nuclear power to generate cheaper electricity and to ensure stable power supply.
Read More »Turkey does not Intend to Reject Iranian Gas because of US Position
Erdogan confirmed on July 25th that its country will not take part in sanctions against Iran.
Read More »OPEC Oil Production Jump to a 2018 High in July
OPEC’s crude oil production rose by 70.000 bpd from June to stand at 32.64 million bpd in July.
Read More »Iraq will Develop Mansuriyah Gas Field. Nassirya Oil Field
Iraq has failed to lure investors for the project. which includes building a refinery to process crude from the region.
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