Almost 70% of Iran’s petrochemical machinery is manufactured by Linde and Siemens.
Read More »Iran likely to Back Longer OPEC-Led Oil Cut If All on Board
Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.
Read More »Aramco Boosts Fuel Trading in Fight for Asia. Africa Sales
Aramco has said the 400.000-bpd Jazan refinery will start next year.
Read More »Russia Boosts Urals Oil Flow to India as OPEC Cuts Production
India'.s main crude suppliers. Saudi Arabia and Iraq. cut exports to India this year due to production curbs.
Read More »Macron Win. OPEC Cuts Not Enough to Stimulate Oil Markets
An extension of the OPEC agreement will not be enough to raise global oil prices significantly.
Read More »How Long Does OPEC Need to Cut Production?
The oil market needs more time to start using up stored inventories. which are on the verge of declining.
Read More »Asian Imports of Iranian Oil Rise 27% Year-on-Year in March
Iran needs foreign investment for repairs and upgrading of its oil and gas fields.
Read More »Iran Becomes No.2 Oil Supplier to South Korea in First Quarter
Saudi Arabia held onto its spot as South Korea'.s top oil supplier for both March and the full quarter.
Read More »Private Firms Compete for Bigger Role in Overseas Energy Market
Data show that Iran exported about $2 billion worth of technical and engineering services between January 2016 and March 2017.
Read More »Saudi Aramco to Supply Full Crude Contract Volumes to Asia. Offers More Light Oil
Saudi Aramco plans to supply full volumes of crude to least six buyers in Asia in May.
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