Tag Archives: Production

US &. its clients are stuck in Yemen because of illusion that weapon superiority will lead to military victory.

Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.

Azelio. Masdar and Khalifa University of Science and Technology will test a thermal energy storage solution for renewable energy projects.

Iran’s Minister of Industry Reza Rahmani announced that his country is planning to lower the imports of machinery and equipment used in major production lines. in a bid to further indigenize manufacturing capabilities in the face of the US sanctions.

Iranian Oil Minister Bijan Zanganeh said that US sanctions have failed to stop Iran’s oil industry.

The Plan and Budget Organization of Iran (PBO) announced that the country’s non-oil exports. including petrochemicals and condensates. exceeded $44 billion in the year ending March 2019. posting a 5.9% rise in comparison with figures from 2013.

Reza Ardakanian said that his country’s membership in the Eurasian Economic Union (EAEU) has brought in many advantage for Tehran. including tariff exemptions on 850 items of goods.

The abundance of low-cost natural gas has resulted in gas-fired generation overtaking coal-fired generation in the power sector.

Spot prices at the Henry Hub have averaged $2.62 so far in 2019.

OPEC’s own researchers forecast a demand slump ahead.