OPEC and its ally Russia have cut their output since January 2017 to help reduce excessive global stockpiles.
Read More »Nord Stream-2 will Allow Europeans to Save at Least 8 bln Euros a Year
According to statistics. a third of Germany'.s population spends more than 10% of their incomes on electricity.
Read More »SOCAR Registers two Companies to Develop New Fields in Caspian
The first phase of the field’s development envisages drilling of one well at a sea depth of 470 meters.
Read More »Qatar Petroleum to Develop Petrochemicals Complex
Both Saudi Aramco and ADNOC. have announced massive plans to boost their refining capacity and petrochemicals business.
Read More »Europe. China Competition for LNG
Russia. Europe’s biggest gas supplier. sees higher demand for its pipeline gas. undermining the region’s efforts at diversification.
Read More »Ukraine should not be Afraid of Nord Stream 2
The Nord Stream-2 project involves the construction of two lines with a total capacity of 55 billion cubic meters of gas per year.
Read More »Pouyanne: Iran Sanctions. Venezuela Collapse Likely to Push Oil to $100 b
Total said Wednesday it had halted plans to help develop Iran'.s giant South Pars gas field.
Read More »US Sanctions on Iran to Have No Effect on Russia-Iran Deals
On May 8. US President Donald Trump announced that his country would exit the 2015 nuclear deal.
Read More »Iran Agrees to Build New Refinery for Sri Lanka
Iran’s offer comes as Chinese. Middle East and Russian companies are in ``preliminary discussions`` to build a 100.000 bpd refinery for CPC.
Read More »Iran Needs to Import 900 MW of Electricity in Summer
Iran regularly imports 700 MW of electricity in summer.
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