The refinery is SOCAR Turkey'.s biggest investment in the country coming at a cost of $6.3 billion.
Read More »US Aims to Freeze Iran Oil Sector in Next Wave of Sanctions
Iran could restart its nuclear program as it attempts to agitate the U.S.
Read More »Iraq will Raise Output to 7.5M bpd by 2024
Iraq’s refining capacity now reached about 670.000 bpd.
Read More »Exxon Is Close To Discover A Mega Oil Reserves
Pakistan currently meets just 15 percent of its petroleum demand with domestic crude oil production.
Read More »China’s Retaliatory Tariffs may Damage the US Energy Industry
China is the third largest importer of US LNG.
Read More »Saudi Arabia Sends more Crude to U.S. as Venezuela Output Falls
Saudi Arabia is sending the most crude oil to the U.S. in 15 months.
Read More »Russia`s Increased Oil Output Violates Agreement with OPEC
Russia. Saudi Arabia and others are raising their oil output by one million bpd to adversely affect Iran'.s oil exports.
Read More »Russia Exports Record Amount of Gas to Europe
Gazprom’s activities in the European gas market are underpinned by long-term contracts with oil-pegged prices and take-or-pay clauses.
Read More »India to Invest Near $20 Billion in Renewable Energy Sector
India’s rising investments in the renewable energy sector has dovetailed with a fall in coal power investments and thermal power generation.
Read More »OPEC Oil Production Surges As Saudis Pump Near Record
The biggest OPEC producer. Saudi Arabia. pumped 10.63 million bpd in July.
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