Venezuela lost the top spot to Brazil amid triple-digit inflation. unpaid debts to oil-service companies and lack of investment.
Read More »IEA Ministers Invite Mexico to Become Agency’s 30th Member
Mexico is the world’s 12th-largest oil producer. and has some of the world’s best renewable energy resources.
Read More »Brazil Rejects Saudi Arabia`s Overtures on Oil Output Cuts
OPEC meets at the end of this month and has been widely expected to extend the deal.
Read More »Iran to Pump Gas to Basra by Yearend
Iraq is Iran'.s southwestern neighbor. and its port city of Basra is located in southeast of the country at northern edge of the Persian Gulf.
Read More »U.S. Shale to Rise Much Faster Than Expected
US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.
Read More »OPEC Prepares For Peak Oil Demand in Late-2030s
Oil demand could peak in the 2030s if the electric car boom proceeds as promised by the world’s green energy innovators. according to OPEC.
Read More »Shell To Hand over Iraq’s Majnoon Oilfield To Basra Oil
Basra Gas is a joint venture between Shell. South Gas Co.. Mitsubishi Corp. and the petrochemical project Nebras.
Read More »Total Officially Set in Motion to Start Iran Project
Total would be the first major Western enterprise to invest in Iran’s energy sector after the removal of sanctions against the country in 2016.
Read More »Gazprom Signs Deal to Make Iran LNG Player
Gazprom is already a major player in the global natural gas liquefaction market.
Read More »IEA Holds Global Summit on Carbon Capture with Leading Energy Ministers and CEOs
The CCUS Summit. held ahead of the IEA’s 2017 Ministerial Meeting. was co-chaired by Rick Perry. the United States Secretary of Energy and Dr Fatih Birol. the IEA Executive Director.
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