While rising incomes in developing economies create stronger transportation demand — where the need for flexibility tends to favor car and air travel — increased railway use would save energy, Continue Reading
Saudi Arabia has stepped up efforts to woo investors spooked by the killing of dissident journalist Jamal Khashoggi, as it seeks more than $426 billion in private capital to help Continue Reading
Saudi Aramco, the world’s wealthiest albeit state-owned oil company, continues to diversify in downstream investments. On Monday, the storied oil major said it planned to invest up to $1.6 bn Continue Reading
The state-held National Oil Corporation (NOC) of Libya has a budget of US$50 billion to invest in its oil and gas sector this year, as it looks to overcome safety Continue Reading
The United Arab Emirates have a reputation for innovative investments, so it was only a matter of time—and after a recovery in oil prices—before the Gulf state started making headlines Continue Reading
After months of deliberations, European countries have set up the special payment channel to handle trade with Iran that would allow transactions with Iran, including oil, as the European Union Continue Reading
Crude oil exports from Iran to its four largest buyers in Asia fell to a three-year low last year because of the reinstatement of U.S. sanctions against Tehran in November, Continue Reading
Basra Oil Co,. the state-owned operator of the huge Majnoon field in Iraq, plans to boost production from it to 450,000 bpd by 2021 by drilling 40 new wells, Reuters Continue Reading
Authorities in the Iraqi government and the autonomous Kurdistan region are struggling to address the worsening problem of endemic smuggling from Kirkuk oil fields, where thousands of barrels are stolen Continue Reading
The Nigerian Customs Service (NCS) cumbersome documentation process may have delayed about 25 vessels currently stuck on the Lagos high sea, laden with petroleum products, and other goods waiting to Continue Reading
