Iraq will proceed with plans to increase oil and gas production capacity, Oil Minister Thamer Ghadhban said, according to an emailed statement from his ministry on Friday. Ghadhban is among Continue Reading
Refining and petrochemicals output from the Middle East will grow substantially over the next two decades, boosting the region’s global market share of the two commodities groups, according to a Continue Reading
Fuel oil supply from Iran is expected to decline to below 1 million mt in October from the usual 1.2 million-1.4 million mt a month, ahead of the US sanctions Continue Reading
Europe’s economy could suffer from the refusal of European companies to work with Iran under pressure from the U.S. sanctions on Tehran, Rosneft’s chief executive Igor Sechin said at the Continue Reading
China’s largest refiners, state-held Sinopec and China National Petroleum Corporation (CNPC), haven’t booked any crude oil cargoes from Iran for November due to fears that in doing so, they would Continue Reading
Qatar plans to increase its liquefied natural gas production capacity by 43 percent to 110 million tons annually, S&P Global Platts reports , citing the country’s Energy and Industry Minister. Continue Reading
Former Iraqi Oil Minister Thamir Ghadhban will be nominated to return to the post, sources close to the ongoing government formation process told S&P Global Platts Wednesday. Prime Minister-designate Adel Continue Reading
Saudi Arabia and Russia agreed to extend their pact to preserve oil stability, Saudi Energy Minister Khalid al-Falih said in remarks broadcast by Ekhbariya TV on Thursday. “Saudi Arabia and Continue Reading
Adil Abd al-Mahdi was confirmed as Iraq’s fifth prime minister since the Coalition Provisional Authority late Wednesday, along with 14 of 22 Cabinet ministers, with more political wrangling to come. Continue Reading
The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington Continue Reading
