Tag Archives: Newspaper and Publications

Iraq sits on 153 billion barrels of proven crude reserves. but it needs higher quality fuel and gas for power turbines.

The US president first brought the subject up in a meeting with Iraq’s then-leader Haider al-Abadi in March last year.

Cyprus. Italy. Greece and Israel agreed last year to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.

It takes about 25 days for oil shipments from Iran to arrive at South Korea.

Venesuela'.s oil production has fallen to just 1.17 million barrels-per-day. a 37 percent drop in the last year.

Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.

The sanction freezes any property or interests of the designated individual within the US or in possession of US citizens.

Egypt is investing in a processing plant on the Red Sea that could produce some four million tonnes of petro-products a year.

OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.