The country’s refining capacity is currently at more than 700.000 barrels a day.
Read More »Qatar`s Huge Investment in German LNG Capacity
The emirate. which is the world’s top LNG exporter. has already poured US$29 billion (25 billion euro) in various Germany ventures.
Read More »China. ExxonMobil Discuss over $10bn Investment
The US company stated that it would invest billions of dollars.
Read More »Oil Demand to Hit 100 mmbpd
The trade disputes among some of the leading partners in the world will eventually hurt global economic growth.
Read More »Iran will Refund Total when Phase 11 of South Pars Gas Project Operational
Total signed a contract in 2017 to develop phase 11 of the field with an initial investment of $1 billion.
Read More »Qatar Want to Invest in German LNG Terminal
Germany. Europe’s largest energy consumer. shelved plans for an LNG terminal of its own a few years ago.
Read More »Oil Prices Decline on Emerging Market Woes. but Looming Iran Sanctions Support
U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.
Read More »UAE. Russia to Develop Siberian Oil Fields
Oil produced from the fields reached 33.000 barrels per day in 2017.
Read More »Saudi Wealth Fund Plans to Diversify Oil-Based Economy
When the Aramco IPO was proposed in 2016. Saudi officials had expected it would raise up to $100 billion to fund his reform agenda.
Read More »Schlumberger CEO: Transport Restrictions to Slow Shale Gains
The Permian produced about 3.4 million barrels of oil per day in August.
Read More »