The West Bakr Wind project will have a capacity of 252MW and is expected to produce enough renewable electricity to power around 350.000 homes.
Read More »Gibraltar Says to Ease Standoff with Iran over Tanker Seizure
Gibraltar on Tuesday said it plans to de-escalate tensions with Iran over the seizure of Grace 1 supertanker. reinvigorating hopeful speculations that it might release the large vessel soon.
Read More »Oil Prices Fall on Weak China Economic Data. U.S. Stocks Rise
Markets have been pummeled in recent weeks amid tough talk from Trump on trade.
Read More »Iran Posts Jump in Steel Exports. Record Low in Imports
New statistics show that Iran has exported about 20% more steel this year. while it has cut down its imports of the item by 208%.
Read More »Iran Undertakes Policies to Expand Pet-Chem Industry amid US Sanctions
A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.
Read More »British-Seized Iranian Oil Tanker to Return to Int`l Waters Soon
Deputy Head of Iran'.s Ports and Maritime Organization (PMO) for Maritime Affairs Jalil Eslami announced on Tuesday that the Iranian oil tanker which was seized by the British forces in the Strait of Gibraltar will be freed in the near future.
Read More »German Exports to Iran Halve
German exports to Iran fell by nearly half in the first six months of 2019. data showed on Monday. suggesting companies are scaling back business ties with Tehran to avoid trouble with the United States after Washington reimposed sanctions.
Read More »Aramco still World’s most Profitable Company
The average selling price for Aramco’s crude fell to $66 bbl in the first half from $69 bbl a year earlier.
Read More »Iran Ready to Expand Military Cooperation with Indonesia
Indonesia has always supported the JCPOA. because it shows Iran’s compliance with it.``
Read More »Cluster Developments Can Maximise Oil and Gas Recovery from UKCS
Researchers suggest developing a group of fields in reasonably close proximity to each other can enable economies of scale and lower development costs per barrel of oil.
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