General Motors will build a Chevrolet Impala sedan for retail and fleet customers that operates on either gasoline or compressed natural gas (CNG), GM Chairman and CEO Dan Akerson announced today. It is the only manufacturer-produced ...
Tags: Akerson, Bi-Fuel Chevrolet
Glass output reached 257,000 tons during March 21-June 21, 2013. Iran produced 108,100 tons of glassware, 20,300 tons of sanitaryware and 10,200 tons of Chinaware during the period. President Mahmoud Ahmadinejad inaugurated the Middle ...
Tags: Construction, Decoration, Glass
Northwest European fuel oil cracks have slumped to four-month lows after Brent crude prices rallied on political turmoil in Egypt. The high sulfur fuel oil barge crack -- the discount of FOB Rotterdam 3.5% sulfur fuel oil barges to Dated ...
China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Metallurgy, Mineral, Energy
China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Iranian LPG, Chemicals
Iran’s contribution to the Middle East’s petrochemical output is expected to grow to about 41 percent by end of the sixth Five-Year Development Plan in 2020, according to an official of the National Petrochemical Company (NPC). ...
Tags: ME Petrochem Output, Textile
Kuwait will increase its oil production capacity to about 3.6 million b/d by 2022, according to a study by the emirate's Diplomatic Center for Strategic Studies (DCSS). The official KUNA news agency reported Wednesday that the study said ...
Tags: Oil, Metallurgy, Mineral, Energy
Petroleum futures were slightly bearish Monday, with ICE July Brent settling 2 cents lower at $102.62/barrel. Volumes were low and markets rangebound for the most part because of holidays on both sides of the Atlantic. Electronic trading ...
The Mediterranean gasoline cargo market has switched from a $19.75/mt discount under the Northwest European Eurobob market to a premium of $10.75/mt in two weeks, on limited supply, market sources said. "The Med is totally dry...the arbs ...
Tags: Med Gasoline, NWE EBOB
The Mediterranean gasoline cargo market has strengthened to a $8.50/mt discount to the Northwest European Eurobob barge market, the narrowest discount since March 22, Platts data shows, following demand into North Africa and potential flows ...
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
The US Navy and 40 allies gathered in Bahrain Monday to begin two weeks of naval anti-mine exercises designed to keep the Persian Gulf open to oil shipping. Although the exercises, billed as the largest ever in the region, have been ...
Tags: US Navy, Allies, Persian Gulf
As soon as the private sector concludes the work of setting up the offloading and onloading unit at the Shahid Rajaee port in the port city of Bandar Abbas in southern Iran, the port would become the largest cotton transit terminal in ...
Tags: Shahid Rajaee, Cotton Transit Port, Textile
State-owned Qatar Petroleum (QP) signed a joint venture agreement Sunday with France's Total and Japan's Idemitsu, Cosmo Oil, Marubeni and Mitsui for a new condensate refinery to be built in Qatar at Ras Laffan Industrial City. Under the ...
Tags: Qatar Petroleum, Joint Venture
Saudi Arabian customs officials have foiled an attempt to smuggle 3.255 million kg (equivalent to 27,300 barrels) of refined oil products out of the eastern port of Dammam, capital of the kingdom's oil-rich Eastern Province, the official ...
Tags: Saudi Arabia, Foils, Oil Products