The contract for the production of 6.000 railcars says that the Russian side should provide the financial aspect of the project.
Read More »Saudi Arabia Supplying Fuel to Help Iraq Overcome Electricity Crisis
Talks between Iraq and Saudi Arabia have led to ``positive results`` in collaborating in the fields of fuel and energy.
Read More »Al-Abadi Fires Electricity Minister after Weeks of Protest
Electricity consumption has gone up in Iraq since the 2003 US-led invasion that toppled Saddam.
Read More »Putin Invites Trump to Moscow for “Important“ Talk
Putin praised Trump for what he called ".his eagerness to meet all his promises he made to voters during his election campaign.".
Read More »GCC Condemns Houthi Attack on Saudi Arabia Red Sea Oil Tankers
An estimated 4.8 million barrels per day of crude oil and refined products flowed through the Strait in 2016 towards Europe.
Read More »Oil Rises on US-EU Trade Talks. Red Sea Shipping Suspension
U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015.
Read More »EU. US to Boost Strategic Energy Cooperation
Russia and Norway are exporting record volumes of fuel to Europe via pipelines.
Read More »Aramco Unlikely to Reduce Oil Exports to West after Houthi Attack
Oil producer has alternative channels to transport crude to its customers in Europe.
Read More »China’s Economic Growth Could Boost Oil Demand
China’s economic growth eased in the second quarter of this year to 6.7 percent.
Read More »Study Assesses OPEC’s Spare Capacity Value
The study is based on date only up to October 2014.
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