During the period of sanctions. oil production in the country was capped at about 2.7 million barrels a day. including 1 million barrels sent to export markets.
Read More »Iran: US Oil Boom Pushed Prices Down
The US shale oil output will make up more than half of the 1.5 mb d in non-OPEC supply growth forecast for the next year.
Read More »Some European States Interested in South Stream’s Revival
Given the current realities in the EU. especially after Brexit. the implementation of South Stream will be impossible without Germany’s approval.
Read More »Iran. Azerbaijan Increase 75% of Non-Oil Exchanges
Over past years. 5.000 trucks transit goods between the two countries. now it reaches to 15.000.
Read More »Saudi Oil Giant Takes Stake in Irish Wastewater Start-Up OxyMem
OxyMem’s status in the clean energy sector has soared since Byrne. Prof Eoin Casey and Dr Eoin Syron founded it at UCD in 2013.
Read More »Qatar Tells U.S. It will Maintain Stability Around LNG Exports
Saudi-led sanctions imposed two weeks ago on Qatar. the world largest exporter of LNG.
Read More »Samsung to Develop Gas Carrier Design
The JDP aims to develop two 30K LNG carrier designs. one with membrane type LNG tanks and one with type-C LNG tanks.
Read More »Turkey to Build First Nuclear Plant
The plant is estimated to meet around 6-7% of Turkey'.s electricity demand.
Read More »Oil Prices Pauses After Sharp Falls
Saudi Arabia'.s crude exports in April fell to 7.006 million bpd. official data showed on Monday.
Read More »Loss of Gas Storage Site Will Increase UK’s Reliance On Imports
Storage provides security and flexibility of supply.
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