UAE Sets Record For Largest ‘Virtual’ Battery
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
Europe Sets Up Payment Vehicle For Iran Trade To Sidestep U.S. Sanctions
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
Iran Oil Exports To Asia Slump To 3-Year Low
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
Iraq To Boost Majnoon Field Production To 450,000 Bpd
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
Kirkuk oil smuggling rings thrive amidst corruption
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
Saudi Arabia plans to entice investors to infrastructure, industry & energy projects
Saudi Arabia, the world’s largest crude oil exporter, will announce plans to entice investors to its infrastructure, industry & energy projects through the launch of its National Industrial Development and Continue Reading
Cooking gas shortage hotly debated in Syrian parliament
Shortages of cooking gas, electricity and fuel have hit the capital Damascus hard this winter, prompting Syrian members of parliament to slam the government for its inability to tackle the Continue Reading
Aramco To Build First Hydrogen Fueling Station
Saudi Aramco, in partnership with U.S. Air Products and Chemicals, will build the first hydrogen fuel cell station in the Kingdom, leveraging Air Products’ SmartFuel hydrogen fueling technology, Reuters reports Continue Reading
New budget hikes spending, including windfall for KRG
Iraq’s Parliament passed a 2019 budget law Thursday – breaking through political gridlock by authorizing massive increases in spending, including new revenue guarantees for the autonomous Kurdistan region. The new Continue Reading
Court presses Baghdad, KRG for details of oil disputes
Iraq’s Federal Supreme Court is seeking more information from both sides in a landmark, seven-year-old case before ruling on legal challenges to the autonomous Kurdistan Regional Government’s (KRG) independent oil Continue Reading