Iran has the capacity to raise hydroelectric power production to 30.000 MW.
Read More »OPEC Deal Extension Meets Azerbaijan Interests
Extension of the agreement to cut oil production meets the interests of Azerbaijan.
Read More »Saudi Energy Minister Confident Oil Output Deal Will Work
Late last year. the 24 countries. including the OPEC and Russia. agreed to cut production by 1.8 million barrels per day in order to reduce global oil inventories.
Read More »Pakistan LNG Import Doubles as Gas Output Static
The country produces about 4 billion cubic feet of gas per day.
Read More »Asian Energy Firms Sink as OPEC Output Deal Disappoints
The final decision sent both main oil contracts plunging Thursday. which in turn dragged energy firms lower.
Read More »Aramco `will Spend $18bn on Americas Growth`
Saudi state giant to focus on US refining offshoot Motiva in five-year Americas growth plan.
Read More »Iran’s Oil Output Increases
Iran’s average oil output increased by 232.000 b d and 1 b d compared to 2016 and 2015 respectively.
Read More »Oil Is Struggling to Recover from Its OPEC Disappointment
Prices edged higher by 0.35% to $48.88 in early trading on Friday.
Read More »After OPEC Deal. Texas Oil Regulator Boasts of Victory
Texas shale producers forced OPEC this morning to extend its oil production cuts for nine months.
Read More »Libya Insists On Keeping Oil Output Cut Exemption
Libya. along with Nigeria and Iran. was exempted from the original agreement.
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