Malaysia relies on its only Fortune 500 company for nearly a third of its oil and gas-related revenue.
Read More »South Pars Developed by Prudence and Devotion Not Money
POGC also planned to develop Farzad A. Farzad B. Golshan and Ferdowsi oil fields in the near future.
Read More »Qatar Joins Race to Win Karachi-Lahore LNG Pipeline
Qatar has joined the race to tap the growing energy market of Pakistan as it expresses interest in the $1.5 billion pipeline project for the supply of imported liquefied natural gas (LNG) to provide consumers in Punjab. Qatar has already taken the lead in LNG supplies and signed a multibillion-dollar …
Read More »Qatar Asks Iran to Coordinate Gas Output in Joint Field
It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.
Read More »MENA Markets Drop in Line with Oil Prices
MENA markets remained sluggish in April due to drop in trading liquidity and poor investments from both domestic and international investors.
Read More »$30b Needed for 2nd Phase of South Pars Development
Iran'.s oil production capacity has crossed 4 million barrels per day.
Read More »OPEC Oil Price Drops by 1.3%
The price of OPEC’s basket of 13 crudes stood at $48.34 a barrel on May 3.
Read More »Iran Raise Steel Exports by 27 Percent in 1 Year
Iran is the world'.s 13th major steel maker stands second in the region after Turkey. followed by Egypt. Saudi Arabia. Qatar. UAE and so on.
Read More »Iran Becomes No.2 Oil Supplier to South Korea in First Quarter
Saudi Arabia held onto its spot as South Korea'.s top oil supplier for both March and the full quarter.
Read More »OPEC Oil Price Drops Below $50/bbl
The price for June futures of West Texas Intermediate (WTI) has grown by 0.58 percent and stood at $49.91 per barrel.
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