The chief officer of Iran’s new National Petrochemicals Company invites Russia to help exploit opportunities in the sector. Iran’s petchem industry has not been targeted by international sanctions so far. Continue Reading
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
Oman, the biggest Middle East oil producer outside OPEC, increased its total monthly crude production by 12.2% in March from February, official data showed, amid a higher OPEC+ quota. Receive Continue Reading
Rival regional powers Iran and Saudi Arabia resumed talks in the Iraqi capital after they were suspended in March, Iran’s semi-official Nour News reported on Saturday. There was no confirmation Continue Reading
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
The port of Khor al-Zubair, built in the 1970s as an industrial and commercial port, has been repurposed to handle the import and export of oil products to meet Iraq’s Continue Reading
Iran said it needs tens of billions of dollars of investment in its natural gas sector, underscoring how it would struggle to ramp up production even if the U.S. lifts Continue Reading
Saudi Crown Prince Mohammed bin Salman, wearing shorts at his seaside palace, sought a relaxed tone for his first meeting with President Biden’s national security adviser, Jake Sullivan, last September. The Continue Reading
The IMF is targeting 7.6% growth for the Saudi economy this year, raising its forecast by 2.8%. The increase in oil production and export revenues fuel the Saudi economy. High Continue Reading
Iraq pumped 4.34 million b/d in March, just under cap: S&P Global survey OPEC+ production fell in March for the first time in a year: survey OPEC+ supply constraints have Continue Reading
