The recent flash floods across the country had mostly hit oil-rich provinces such as Khuzestan.
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Lebanon has 95.9 trillion cubic feet of gas and 865 million barrels of oil in just 45 percent of its economic waters.
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Before sanctions. the US used to be the largest buyer of Venezuelan crude.
Read More »Star Refinery will Reduce Turkey`s Diesel Imports to 40%
The total refining capacity of the refinery will be 10 million tons.
Read More »Azerbaijan Ready to Support Maintaining Oil Market Balance
OPEC+ provides main support to the oil market.
Read More »US Finances 2 LNG Terminals on Germany’s Northern Coast
The United States is advancing financing of two liquefied natural gas (LNG) terminals in northern Germany.
Read More »US Pressures India to Stop Buying Oil from Venezuela
The Indian market is crucial for Venezuela’s economy.
Read More »America will Surpass Saudi Arabia in Oil Export
US oil production has more than doubled over the past decade.
Read More »EU Plans to Set Up Nuclear Security Center in Iran
The European Union plans to establish a nuclear security center in Iran.
Read More »Arctic LNG 2. World’s Next Great LNG Project
The consortium has been awarding preliminary contracts worth billion to subcontractors for the construction of the facility.
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