Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The spending would be in addition to the oil giant'.s proposed purchase of a majority stake in SABIC.
Read More »Saudi Aramco to Invest $500 bln for Expansion Strategy
Sonatrach Suspends Oil Operations in Libya
Sonatrach has transported its equipment on the Libyan territory to Algeria through the crossing border of Ghadames.
Read More »Shell Discovers over 1trn Cubic Feet of Gas in Eastern Nigeria
The company encountered 1.5Trillion cubic feet of gas and 42 Million barrels of condensate. in shallow and deep reservoirs.
Read More »Saudis Considering OPEC Production Cuts
Oil price hit their low for the year Friday as U.S. production continued to grow.
Read More »East Med Pipeline Deal to be Reached Very Soon
Cyprus. Italy. Greece and Israel agreed last year to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.
Read More »GE and Two Banks to Fund Iraq`s Power Sector
The financing will help deliver and secure more than two gigawatts of new power.
Read More »Turkey Is Starting New Oil & Gas Exploration in Black Sea
In 2017. 1863 exploration projects were carried out in Turkey to search for new oil and gas fields.
Read More »India will Double Natural Gas Usage
The Indian government has not yet disclosed the price tag for making this significant switch away from crude and toward natural gas.
Read More »Venezuela Reaches $1.4 Billion Deal to Avoid Losing Control of Citgo
Venezuela has struck a $1.4 billion deal to retain control of Citgo Petroleum Corp.
Read More »CNPC Replaces France`s Total in South Pars Gas Project
CNPC already holds a 30 percent stake in the giant field.
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