Lukoil and Gazprom Neft are among the companies invited by Damascus to restore infrastructure destroyed during the war.
Read More »Qatar Offers Gas to UAE at Very Competitive Terms
Since the blockade. Qatar has re-strategized its supply chain through imports from Oman. Turkey. Iran. India and China.
Read More »OPEC Crude Production Drops to Lowest in a Year
Output from Saudi Arabia. OPEC’s de-facto leader and its biggest producer. fell 10.000 bpd from February to 9.87 million.
Read More »China Imposes Tariffs on U.S.-Made Pipeline Materials
The Chinese tariffs are seen as retaliation to last month’s U.S. tariffs on imported steel and aluminum.
Read More »Iraq`s Government Announces Plan to Decrease Oil Dependency
Baghdad depends on the oil sector for more than 90 per cent of its revenue.
Read More »Russia Increases Supply of LNG to Japan
A plan of bilateral cooperation of eight points was proposed by Japanese Prime Minister Shinzo Abe during his visit to Russia in May 2016.
Read More »Turkish. Russian Presidents Take Part in Akkuyu NPP Foundation Laying
The Akkuyu nuclear power plant is the first BOO (build-own-operate) nuclear power plant project in the world.
Read More »Russia’s Zarubezhneft can Transfer Capital to Iran via European Banks
There are many banks in Russia that have established fair relationship with Iran.
Read More »Iraq Plans to Cooperate with Baker Hughes. GE
It is the second contract signed by Iraq to process gas associated with oil. after one with U.S. energy firm Orion in January.
Read More »Saudi Arabia to Cut May Crude Prices to Asia
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
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