Ongoing tensions between Russia and the West has prompted the European Union to find alternatives to its gas imports from Russia for developing its LNG imports capacity.
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The latest International Energy Agency (IEA) figures show crude oil production in sanctions-hit Iran reached 2.65 million barrels per day (mbd) in February.
Based…
In 2008, Turkey’s Ministry of Foreign Affairs unveiled the country’s national energy strategy, and for the first time in that document, it talked about Turkey is becoming…
Crude prices firmed on Tuesday, extending sharp gains from the previous session amid supply disruption risks from Iraqi Kurdistan and hopes that turmoil in banking is being…
The European Union is looking into allowing member states to prevent Russian LNG exporters from booking capacity at import facilities.
The proposal would mean…
Global oil demand in 2023 is expected to grow 2.32 mb/d compared with 2022. China and India continue to remain the main drivers in the oil market…
Zagros Petrochemical Company in Bushehr Province, southern Iran, is among the five largest methanol producers of the world, as it has an annual production capacity of 3.3…
Sanctions imposed by the enemy have failed and will fail to paralyze Iran’s largest supplier of energy and foreign currencies – the Ministry of Petroleum.
China’s oil refinery throughput this year is forecast to rise 7.8%, according to a think tank of state energy group CNPC, reversing last year’s decline as the…
Iraq’s oil output and capacity may peak following growth of around 25% over the next five years, analysts said, falling short of 2027 targets and ending a…
Oil prices rose on Monday as investors assessed efforts by authorities to rein in concerns over the global banking system while Russian President Vladimir Putin’s plans to…
Saudi Aramco plans to build a $10-billion refining and petrochemical complex in China in order to take advantage of the country’s growing fuel and chemical…
The National Iranian Oil Company (NIOC) managing director here on Sunday said a 160-billion-dollar investment is required to increase the country’s oil and production capacities by 50…
Saudi Arabian oil giant Aramco (2223.SE) affirmed on Sunday its support for China’s long-term energy security and development, the company’s CEO Amin Nasser said in remarks made before a…
Commodity experts at Standard Chartered are saying that the path of least resistance for oil prices at this point is higher.
After a major…
EU politicians are cozying up to African countries as they look to secure new oil and gas supplies.
During a visit to Algeria earlier…
Iran’s thermal power plants’ electricity generation capacity increased by 1,035 megawatts (MW) in the past Iranian calendar year 1401 (ended on March 20), an official with the…
Iraq halted 450,000 barrels per day (bpd) of crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official told Reuters, after…
The nationalization of Exxon Mobil’s assets in Chad comes after the oil giants divested from them in December 2022, media have reported.
Chad has…
Average daily gasoline consumption in Iran rose 11 percent in the past Iranian calendar year 1401 (ended on March 20), according to the managing director of the…