Iraq’s current oil production capacity is 5 mil b/d Minister previously said the target was 7 mil b/d capacity by 2027 Iraq’s OPEC+ quota is rising as coalition easing cuts Continue Reading
There was always something that did not look quite right about Lukoil’s recent announcement that it was going to withdraw from Iraq’s huge West Qurna 2 oil field, located 65 Continue Reading
Iranians are suffering through yet another surge in the coronavirus pandemic — their country’s worst yet — and anger is growing at images of vaccinated Westerners without face masks on Continue Reading
Iran’s new president picked a hawkish Foreign Ministry veteran with close ties to the military elite to replace Mohammad Javad Zarif as the nation’s top diplomat, underscoring the shift in Continue Reading
Reduced hydropower output in Iran amid a water scarcity has prompted Tehran to suspend electricity exports to neighboring Iraq, which relies on Iranian power and gas supply, Iraq’s Electricity Minister Continue Reading
Aramco sees profits up nearly 300 percent as Sadia Arabia experiences a dramatic rebound from last year’s pandemic-hit oil demand. Thanks to prices that have increased by 30 percent since the Continue Reading
Saudi Aramco is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a Continue Reading
Reuters Saudi Arabian energy giant Aramco has seen its profits jump almost four times boosted by a rise in oil prices as demand recovers. The company added that the easing Continue Reading
French President Emmanuel Macron has urged Iran to resume talks on reviving the 2015 nuclear deal with world powers but Iran’s new hard-line president, Ebrahim Raisi, says that Iran’s “rights” Continue Reading
Saudi Aramco plans to have 550,000 barrels per day (bpd) more in oil production capacity by 2025 when the expansion projects on two major oilfields are complete, Saudi Arabia’s state-owned Continue Reading
