Calculations show that it could take about a month for a cargo ship to sail from the Middle East to a port in Argentina.
Read More »Russia`s Rosneft Aims for Big Boost in Oil Exports to China
Russian oil production has been steady. at around 10.9 million bpd due to a global pact to reduce total production by around 1.8 million bpd to support weak oil prices.
Read More »Gazprom Sends Rig from Black Sea to New Arctic Drill Site
Data from MarineTraffic shows that the Yang She You 278 now is in the Kola Bay on its way back from the operation.
Read More »Call for Petrochem Investments in Underdeveloped Areas
The country hopes to double its petrochemical output capacity to 120 million tons or more within five years.
Read More »India Receives First-Ever Shipment of US Crude Oil at Paradip Port
Indian companies. both public and private. have invested about $5 billion in US shale assets.
Read More »Iran Annoyed at Shelving of IP Gas Pipeline Project
Till now Iran has not responded positively to the move of Pakistan seeking force majeure.
Read More »South Pars Phase 14 Gains Momentum
In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.
Read More »China Cracks Down Oil Smuggling Network
Smuggling is causing major headaches right now with regard to the fresh round of sanctions the UN imposed on North Korea.
Read More »Russia Says Row with Exxon Over Sakhalin-1 Is Resolved
Exxon has been in talks with Russian gas giant Gazprom for years over gas sales from Sakhalin-1.
Read More »Japam Provides €230m for Iran Methanol Plant
PGPIC is Iran'.s largest petrochemical company with over 60 subsidiaries. owning more than 11% of Iran'.s capital market.
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