OPEC and its partners have been limiting supply since 2017.
Read More »Iran to Launch 4 Downstream Petchem Parks
Urmia Melamine. Ilam Polypropylene. Melamine Crystal Park and Lordegan Resin Urea parks are planned to be built in Iran in the near future.
Read More »West Karoun Oilfields Production up Five-Fold in Past 6 Years
Last year. Iran eyed 300.000 barrels per day oil production from its West Karoun oilfields.
Read More »Boeing Monthly Orders Fall to Zero for Second Time in Max Crisis
Boeing Co. failed to sell any commercial planes in January. extending a slump that has strained the company’s finances since two deadly crashes grounded the best-selling 737 Max last year.
Read More »Plans for Carbon Negative District Heating in Sweden
Stockholm Exergi is exploring whether a carbon capture system could be used at the Värtaverket power plant in Stockholm.
Read More »China Virus Threatens Gulf Economies
Non-oil trade between Beijing and the Gulf Cooperation Council (GCC) has grown from just several billion dollars two decades ago to nearly $200 billion last year.
Read More »OPEC Cuts 2020 Oil Demand Outlook amid Coronavirus Uncertainty
Global benchmark Brent crude has fallen to around $55 a barrel this year. alarming producers.
Read More »Russia`s Lukoil Support Further OPEC+ Cuts
OPEC+ is still waiting for Russia to clarify its position on deeper oil output cuts.
Read More »Europe’s Southern Gas Corridor almost ready
The total cost for the entire Southern gas corridor is close to $40 billion.
Read More »Iran Embarks on Massive Projects for Domestic Production of Petcoke
Iran has been a major importer of cokes that are vastly used as fuels in the steel and aluminum industry.
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