Kuwait's economy is projected to decline in 2023 due to lower oil production, amid the country's commitment to additional Opec+ production cuts, a report has said.
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India’s crude oil imports are expected to grow from October level during the remaining two months of the calendar year in line with the ongoing festival and marriage season, which also witnesses an uptick in industrial, construction and farm activities.
As Armenia gradually turns away from its traditional strategic ally, Russia, it is tentatively exploring deeper partnerships with the likes of France and the United States and then there is Iran.
Iranian and Turkmen officials signed several cooperation documents and agreements worth $900 million in various fields.
Iran and Iraq have agreed to form a working group on gas exports to the power plants in Baghdad, said the Iranian deputy oil minister for gas affairs.
The Iranian Foreign Ministry spokesman said the Oil Ministry’s achievements in exporting oil and developing gas relations with neighboring states are the government’s main strong points in promoting energy diplomacy and “highly promising” for the country.
Iran’s oil production has increased 50 percent since the 13th administration took office two years ago, said Oil Minister Javad Owji on Friday.
The Iranian oil industry’s economy is projected to grow 15.2 percent this Iranian calendar year (starting March 21, 2023), said the country’s top banker.
The 17th Annual GPCA Forum, the Persian Gulf Petrochemicals and Chemicals Association (GPCA) flagship event, hosted by QatarEnergy, will take place for the first time in Qatar National Convention Centre, Doha from 4-6 December 2023.
According to a poll conducted by the non-profit Angus Reid Institute, Canadians have a profound lack of awareness about how much they are paying in carbon taxing, whether they receive a rebate and if they are better or worse off financially with the combined tax and rebate.
India’s foreign minister said his country was awaiting a “thank you” for buying sanctioned Russian oil, saying the move had eased pressure on prices elsewhere.
The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the Group of Seven's price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.
South African petrochemical company Sasol on Friday said Simon Baloyi will take on the role of President and CEO from April 1, 2024.
Oil price staged a minor rally on Friday as traders covered shorts after another week of declines. At the time of writing on Friday, Brent crude is up 1.24%, while WTI crude is up 1.21%.
The US renewed the waiver to allow Iraq to pay Iran for electricity, renewing criticism of President Biden from Republican lawmakers
Iran’s MAPNA Group, which is West Asia’s leading company in executing thermal and renewable power plants, is offering its latest achievements in the 23rd Iran International Electricity Exhibition (IEE 2023), the company’s portal reported.
The Canadian dollar moved above the 73 United States cent mark on Wednesday morning and ended the day there as well.
A barrel of Brent crude oil was traded at the price of 80.77 dollars in today's global markets.
Iranian Oil Minister Javad Owji on Wednesday said the country’s liquefied petroleum gas (LPG) exports have increased around 20 percent in the current Iranian calendar year (starting March 21, 2023).
Iran’s Oil Minister Javad Owji and visiting Iraqi Minister of Electricity Ziyad Ali Fazel explored all avenues to develop the two neighboring states’ relations in the energy sector on Wednesday night.