Venezuela has allocated five billion barrels of oil to back its cryptocurrency.
Read More »Iran Pays Arbitration Debt to Turkey
Iran has paid compensation to Turkey as per International Court of Arbitration ruling in 2012 by providing free gas exports.
Read More »Kashagan Oil Field Increases Production
Daily production at Kashagan makes 300 000 barrels per day with application of advanced technology of gas burning.
Read More »Iraqi Army Planes to Secure Oil Route to Iran
Iraqi oil officials announced in December plans to transport Kirkuk crude by truck to Iran’s Kermanshah refinery.
Read More »Bob Dudley: 2017. One of Strongest Years for BP
Payments related to the Gulf of Mexico oil spill in 2010 totalled £3.7billion in 2017. down from £4.9billion in 2016.
Read More »USA. Argentina may Impose Venezuela Sanctions
The governments were analysing the possible effects that these measures would have on Venezuelan citizens.
Read More »China`s Economic Growth Triggers Extra Demand
The world’s second-biggest economy aims to install 200 GW of power generation capacity. with 77 GW from clean energy sectors. by 2020.
Read More »Russia. Syria Consider Energy Sector Cooperation
This cooperation will help the normalization of the socio-economic situation in the country.
Read More »US-Mideast Oil Battle Heating Up
The fight between the US and the Middle East for a slice of the Asian oil market is heating up. with their rivalry now spilling over into refined fuels.
Read More »MAN and Hyundai to Develop LPG Engine
The development follows the announcement last month of plans to develop the world'.s first LPG bunkering hub in Busan. South Korea.
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