Ecuador has been in breach of its promised production limits every month this year.
Read More »Iran Proposes Achieving 30% Share of Natural Gas by 2040
Iranian Oil Minister Bijan Zangeneh at the Russian Energy Week panel. while stressing depoliticization of energy sector. proposed setting the goal of achieving 30% share of natural gas in the world energy mix by 2040.
Read More »Barkindo Invites 97 Oil Producing Countries to Join Charter of Cooperation
The Charter of Cooperation is a high-level voluntary commitment.
Read More »Iran Eyeing $1.5 Bln Monthly Revenues Out of Gasoline Exports
Head of the National Iranian Oil Refining and Distribution Company (NIORDC) Alireza Sadeqabadi said that his country is planning to increase its gasoline exports to 3 million tons a month to generate around 1.5 billion in revenues.
Read More »Iraq Prepares For Oil Export Boom
The Oil Ministry expects that the new island and related plans will allow it to almost double its export capacity within three years.
Read More »India. An Attractive Investment Destination for Saudi Arabia
Saudi Arabia is a key pillar of India’s energy security. being a source of 17% or more of crude oil and 32% of LPG requirements of India.
Read More »New Discoveries have Doubled the Value of Russia`s Oil Reserves
Oil accounted for 72 percent of Russia'.s gross domestic product last year.
Read More »Saudi Arabia to Restore Oil Output Fully by End of September
Aramco had put out 10 fires in the span of seven hours after the ".huge". assault.
Read More »China’s Worst Nightmare
The drone attacks on the Khurais oilfield and the Abqaiq oil processing facility took an estimated 5.7 million bpd in production capacity off the market.
Read More »Saudi Oil Supply Crisis. A Boon to Brazil
Brazil’s oil production is set to grow in the near term.
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