Iranian gas production will reach 1.3 billion cubic meters per day and production of gas condensate will reach 864.000 bpd in the next five years.
Read More »OPEC`s Rebalancing Strategy Shifts as US Oil Imports Drop
The global oversupply and competition from US Shale are persistently challenging the oil cartel'.s plans.
Read More »Algeria`s Sonatrach Chief Urges Oil Industry Reforms
Algeria expects its gas exports to reach 57 billion cubic metres (bcm) this year. up from 54 bcm in 2016.
Read More »Major Petrochemical Deals Expected in Three Months
Total and Iran reached a preliminary agreement this year to build three petrochemical plants.
Read More »Iran. Iraq to Synchronize Power Grids Within Months
Iran is ready to take a serious part in reconstruction of the Iraqi electricity grid once terrorists have been eliminated from the area.
Read More »Russia Becomes World Top Oil Producer for 7th Consecutive Month
The last time Moscow surpassed Riyadh in crude production was in December 2016 when Russia extracted 10.49 million against 10.465 by Saudi Arabia.
Read More »China`s Oil Demand Is Growing at More Than Double Last Year`s Pace
China may indeed join the ranks of countries banning fossil fuel vehicles.
Read More »Egypt to Reduce LNG Imports as Zohr Gas Field Nears Production
Liquified natural gas imports will be limited to 80 shipments worth $1.8 billion in 2017 18 in anticipation of Zhor'.s completion by late 2017.
Read More »China`s Equipment Could Take Hit from Pyongyang Oil Ban
Experts see another reason for Beijing'.s objection to harsher sanctions.
Read More »OPEC’s No. 2 Faces Civil War Threat
Tribal fighting near oilfields sites is definitely affecting the energy operations and sending a negative message to foreign oil firms.
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