Exclusive: Saudi king tipped the scale against Aramco IPO plans
The king spoke, and a $2 trillion dream went up in smoke. For the past two years, Saudi Arabia has prepared to place up to 5 percent of its national Continue Reading
Iran opens 61 MW wind farm in Qazvin province
One of the largest producers in OPEC, Iran is now operating one of its largest wind farms in the mountainous northwest, the government said. Representatives from the Iranian Energy Ministry Continue Reading
Iran Urges EU To Provide More Oil Purchase Guarantees
Iran’s Foreign Minister has reminded the European Union that Iran is still waiting to receive guarantees that the EU will continue to buy Iranian oil even after U.S. sanctions kick Continue Reading
Iran parliament censures Rouhani in sign pragmatists losing sway
Iran’s parliament voted on Tuesday to reject President Hassan Rouhani’s explanations for economic hardship after a dramatic grilling on live TV, a sign his pragmatic faction is losing sway to Continue Reading
Iran oil exports set to drop in August ahead of U.S. sanctions: data
Iran’s crude oil and condensate exports in August are set to drop below 70 million barrels for the first time since April 2017, well ahead of the Nov. 4 start Continue Reading
Can The U.S. Bring Iranian Oil Exports To Zero?
The U.S. wants Iran’s oil exports to drop to zero , according to a recent statement by National Security Advisor John Bolton. The question is: can the U.S. pull it Continue Reading
Iran says it has full control of Gulf, U.S. Navy does not belong there
Iran has full control of the Gulf and the U.S. Navy does not belong there, the head of the navy of Iran’s Revolutionary Guards, General Alireza Tangsiri, was quoted by Continue Reading
Saudi Aramco loses its ‘in perpetuity’ oil and gas rights
Saudi Arabia has cut the length of time that its state energy company has exclusive rights to the kingdom’s vast oil and gasfields, raising questions about Saudi Aramco’s long-term production Continue Reading
Syria’s Second-Biggest Oil Field Is Operational Again
The second-largest oil field in Syria, the Tanak field in the oil-rich Deir Ezzor region, is operational again, nearly a year after U.S.-backed predominantly Kurdish forces recaptured the field from Continue Reading
Shelved Aramco IPO hits at heart of Saudi prince’s reforms
Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are Continue Reading