Iran is closer to achieving self-sufficiency in gasoline by raising its national production capacity to more than 100 million liters daily, Iranian media report . The increase will come from Continue Reading
Top oil exporter Saudi Arabia is expected to cut February prices for heavier crude grades sold to Asia due to weaker fuel oil margins, respondents to a Reuters survey said Continue Reading
Federal Iraq posted its highest monthly export total to date in December and, combined with Kurdistan, set a nationwide annual record. An Iraqi worker gestures as he kisses an oil Continue Reading
Iraq’s oil exports averaged 3.726 million barrels per day (bpd) in December, a significant increase from the previous month, the oil ministry said on Wednesday. Exports from Iraq’s southern Basra Continue Reading
Energy companies in the Arab countries in the Persian Gulf may resume issuing more debt and borrowing more money for expansion plans after oil prices plunged by 40 percent from Continue Reading
The Kurdistan Regional Government (KRG) is making progress toward achieving 24-hour electricity – taking advantage of rising natural gas production to help close the gap between power supply and demand. Continue Reading
The new Saudi foreign minister, Ibrahim al-Assaf, seen above in 2013, is a former finance minister. Photo: fayez nureldine/Agence France-Presse/Getty Images At the same time, the king positioned longtime Saudi Continue Reading
King Salman of Saudi Arabia shook up the kingdom’s cabinet on Thursday, naming new ministers and security chiefs but keeping the levers of power firmly in the hands of his Continue Reading
Imports of Iranian crude oil by major buyers in Asia hit their lowest in more than five years in November as U.S. sanctions on Iran’s oil exports took effect last Continue Reading
As its economy buckles, Iran is zealously cracking down on financial fraud. Central to its efforts is a fast-track fraud court approved by Supreme Leader Ayatollah Ali Khamenei in August Continue Reading
