Ruined by war, Qayarah refinery could rise again
For decades, the Qayarah refinery was at the heart of the local economy: it provided asphalt to build roads around Ninewa province, its diesel output fueled a power plant next Continue Reading
Honeymoon is over for new Saudi leader as reform pain kicks in
As new arrivals hurry through Riyadh’s airport, Ahmed hustles for customers, hoping to lure travellers into his saloon car. One of hundreds of thousands of Saudis who studied in the Continue Reading
Is Iraq Coming Back To The OPEC Deal?
Iraq may not be going rogue on the OPEC deal after all, and will apparently be putting up three new proposals for discussion at the cartel’s technical meeting in Vienna Continue Reading
Iran Agrees To Join In Upcoming OPEC Production Cut
With OPEC’s Nov. 30 meeting in Vienna just days away, the oil minister of Iran, a member state once reluctant to help the cartel gouge gas prices, announced his readiness Continue Reading
Rowan, Saudi Aramco tie up for offshore drilling in Saudi Arabia
Rowan Companies Plc ( RDC.N ) said it and Saudi Aramco, Saudi Arabia’s state oil company, have agreed to form an equally owned joint venture to operate offshore drilling rigs Continue Reading
Iran sees a 25 percent recovery in crude oil prices
OPEC members are shooting for crude oil priced at around $60 per barrel if production agreements come through, Iran’s oil minister said. Iranian Oil Minister Bijan Zangeneh met during the Continue Reading
Iraq to make suggestions to facilitate OPEC supply cut agreement
Iraq’s oil minister Jabar Ali al-Luaibi will make suggestions at a meeting of OPEC oil ministers at the end of the month to implement an agreement to restrain crude supply Continue Reading
Iraq Will Offer Proposals to Help OPEC Reach Oil Freeze Deal
OPEC meets in Vienna on Nov. 30 to discuss production limits Iran, Russia, Saudi Arabia have signaled optimism about deal Iraq, OPEC’s second-biggest producer, will offer proposals this month to Continue Reading
Why Saudi Arabia’s Oil Giant Aims to Be Big in Chemicals, Too
On the Persian Gulf, the Sadara Chemical Co. is a joint venture owned by Saudi… GELEEN, Netherlands—Saudi Arabian Oil Co. has been the world’s single largest crude producer for decades. Continue Reading
OPEC members propose Iran oil output be capped at 3.92 million bpd: source
OPEC member countries have proposed Iran cap its oil output at 3.92 million barrels per day (bpd) under a production-limiting deal for the whole group, a source familiar with the Continue Reading