One of the priorities of Iran's Oil Ministry is to restore the country's "lost" share in oil market, local media quoted Iranian Oil Minister Bijan Namdar-Zanganeh as saying on Monday. Namdar-Zanganeh, who was endorsed as new oil minister ...
Tags: Oil Market, Energy
Iranian Ambassador to Ukraine, Akbar Qasemi-Aliabadi, said that Iran has large gas reserves and is ready to supply natural gas to Ukraine, Tehran Times daily reported on Saturday. "Both Ukraine and Moldova need natural gas, and Iran has ...
Tags: Metallurgy, Mineral, Energy
The leaders of the world's leading gas exporting nations are due to meet in Moscow Monday for the second summit of the Gas Exporting Countries Forum to discuss the future of the gas market amid uncertainties over the supply and demand ...
Tags: Gas Exporting
Venezuelan Energy and Oil Minister Rafael Ramirez revealed that the nation has gotten USD 4 billion from China, which will be used for oil exploration. He told reporters that Venezuela planned to boost daily oil output to 4 million ...
Tags: Metallurgy, Mineral, Energy
OPEC ministers meeting in Vienna Friday reached an expected agreement to maintain the group's current crude production limits, leaving their combined output ceiling at 30 million b/d. Ministers had widely signaled their happiness with ...
Tags: Metallurgy, Mineral, Energy
The quality of Iraq's Basrah crude has stabilized at an API gravity level of 28-30 degrees after some fluctuation in recent months, the country's oil minister said Thursday. "Its quality is stable around 28-30 API. The only change we had ...
Tags: Basrah Crude, Chemicals
Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...
Tags: Saudi Aramco, Crude Output
The five new petrochemical projects that started operations since start of the current Iranian calendar year on March 21, 2013, are expected to boost the country’s petrochemical revenues by US$ 2 billion, National Petrochemical ...
Tags: Petrochem Projects, Textile
Pakistan on Saturday withdrew a ban on the use of CNG in vehicles with engine capacity over 1,000 cc, less than a week after its caretaker prime minister issued the directive, an oil ministry official said Monday. The Ministry of ...
Kuwait's government has accepted the resignation of the country's oil minister, Hani Hussein, the official KUNA news agency reported Monday. Sheikh Mohammed Abdulla, minister of state for cabinet affairs and for municipal affairs, issued ...
Tags: Kuwait, Oil, Hani Hussein
Following a lengthy Cabinet meeting, South Sudan's government spokesman said Wednesday that the country will continue to export oil through Sudan and that there had been only a temporary slowdown in production. An official in South ...
Iran’s proposal for forming a joint petrochemical forum by eight developing Muslim nations (D8) has won support from Turkey and Egypt, two leading petrochemical and engineering polymer producers of the Middle East, Iranian Deputy Oil ...
Tags: D8 Petrochem Forum, Textile
Venezuela and China have agreed on the terms of a previously announced $4 billion financing deal to increase the output of their Sinovensa joint venture in Venezuela's Orinoco oil belt, the South American country's oil minister said late ...
Tags: Oil, Metallurgy, Mineral, Energy
The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil
Iran’s share in the Middle East’s petrochemical production has risen to 24.5 percent, Director of National Petrochemical Company’s (NPC) Planning and Development Department, Ramazan Ouladi has said. Mr. Ouladi said ...
Tags: Petrochemical Output, Petrochemical, Textile