The full transfer is expected to take place before the end of the year.
Read More »Official Says Chabahar Port Important for Russia
Iran’s Southeastern port of Chabahr is very important for Russia. and President Vladimir Putin believes that the port can ease transportation of goods to the Gulf of Oman. other countries and the Indian subcontinent.
Read More »China’s CNPC Backs out of Venezuela Oil Deal in Wake of Ramped up US Sanctions
China has imported 339.000 barrels a day of Venezuelan oil this year.
Read More »Solar Power Reaches Grid Parity in China
New research suggests subsidy-free solar projects could be built in most cities across China at a cheaper price than energy supplied by the grid.
Read More »Small Energy Supplier Solarplicity Goes Bust
The company has around 7.500 domestic and less than 500 business customers.
Read More »Iran Undertakes Policies to Expand Pet-Chem Industry amid US Sanctions
A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.
Read More »Aramco still World’s most Profitable Company
The average selling price for Aramco’s crude fell to $66 bbl in the first half from $69 bbl a year earlier.
Read More »Cluster Developments Can Maximise Oil and Gas Recovery from UKCS
Researchers suggest developing a group of fields in reasonably close proximity to each other can enable economies of scale and lower development costs per barrel of oil.
Read More »Iran to Eliminate Flaring at Oil Fields
The oil fields located in Southern Iran will stop wasting flammable gases accompanying drilling operations in three years’ time with awarding contracts to 2 local companies. in a project that will recover the flare gas for nearby refineries.
Read More »July 2019 Market Report
Written by Dr Tony West. formerly Director of Trading and Marketing at Innogy (now Npower). Head of Trading at Scottish Power and amongst other senior wholesale trading roles recently advised Gazprom on their power business development strategy.
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