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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 »India Uses Bio Fuel for Its Warships
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 »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 »Turkey Upgrades Old Hydroelectric Power Plants
Currently. 600 hydroelectric power plants operate in Turkey.
Read More »White House Is Reportedly Considering Replacing Rick Perry at the Energy Department
Manchin. who was briefly considered for Secretary of Energy. is up for reelection in 2018 in a state that had voted for Trump in the 2016 US presidential election by a wide margin.
Read More »22 Countries of OPEC Deal Produce 470.000 b d in Excess
OPEC crude output rose by 230.000 b d in July to a 2017 high of 32.84 million b d. led by a strong recovery in Libya. according to IEA estimates.
Read More »Iran Makes Investment in New Petrochemical Hubs
In the current calendar year to March 2018. the completion of four projects which had remained incomplete will add two million tonnes to the country'.s petrochemical production capacity.
Read More »Gas Glaring of South Pars Envisaged to End in 2020
The fund is expected to raise $100 billion a year by 2020. with developed nations to make the most contributions.
Read More »Saudi Aramco Prefers New York for Listing Despite Risks
Some financial and legal advisers have recommended London as a safer bet.
Read More »IEA Expects Non-OPEC Output to Expand
The US output is forecast to rise by 0.6 million b d and 1 million b d in 2017 and 2018. respectively. according to the report.
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