The new power plants will triple Iran’s nuclear-generated electricity production to about 3.3 thousand megawatts a year.
Read More »Saudi Arabia Needs Oil to Trade at US$70 a Barrel in 2018 to Break Even
Oil will trade at $50 to $60 a barrel for the ``medium term.`` the IMF said.
Read More »Exxon Exit Deals Blow to Pakistan Plans for LNG Imports
The new project would include a FSRU. where LNG would be converted back into gas for feeding into the country’s grid.
Read More »IAEA Faces No Problems in Iran Verification Effort
The IAEA can state that such nuclear-related commitments are being implemented.
Read More »Naftogaz Warns of Russian Gas Supply Concerns in Europe
Naftogaz continues to ensure secure transmission of gas volumes expected by European customers despite the pressure deficiencies on the Russian side.
Read More »Austria Stands by Iran over JCPOA
JCPOA is a collective agreement endorsed by the UN [Security Council] Resolution and no one can terminate it unilaterally.
Read More »Chevron Cancels Plan To Exit Bangladesh Gas Field
Chevron last week reported a net profit of US$ 1.95 billion. up by an impressive 52 percent on the year.
Read More »Iran Prepares to Start Crude Oil Export to Russia
Russia will pay half of the oil money in cash in euro and the other half in the form of goods and equipment.
Read More »Russia Signs Nigeria to Build Nuclear Power Plant
Rosatom is seeking to build nuclear power plants in other countries on the continent including South Africa.
Read More »Asian Imports of Iranian Oil Hit Highest in Six Months
Imports to Japan. which announced official figures on Tuesday. were down by more than 30 percent at a bit less than 216.000 bpd.
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