Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »South Africa Wants Sinopec to Retain Refinery Capacity
Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp'.s South African assets and its subsidiary in Botswana .
Read More »Extension of OPEC Oil Deal Not to Down Iran’s Oil Output
OPEC members would decide during the meeting on May 25 to extend the 1.2 mb/d oil cut for six or nine months.
Read More »Algeria Suggest Creation of Committee to Monitor Market
Several countries. notably Russia and Saudi Arabia. saw the Algerian proposal as a good suggestion and found it interesting.
Read More »Iran. Armenia Ink MoU on Plant Protection. Quarantine
Both sides reviewed suggestions on promoting cooperation in agricultural field and the related industries.
Read More »NPC Sets Output. Export Plan
Iran aims to attract $72 billion in foreign investment for 80 petrochemical projects.
Read More »Kazakhstan and UAE to Prepare Joint Project for Polyethylene Production
In the result of the agreements between the heads of states and Governments the parties initiated negotiations on cooperation in the petrochemical field.
Read More »NIGC Seeks Increased Share of Global Gas Market
Our production level. standing at 850 million cubic meters per day. is not proportional to our exports.
Read More »NIOC. Tubacex Sign 1st Post-Sanctions Deal
In 1999. Iran made the same move to domestically manufacture gas turbines for consumption in its gas industry.
Read More »Kazakh Energy Minister to Attend OPEC Meeting
Kazakhstan supports extending the cut but will need to renegotiate its own production ceiling.
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