IRNA reported that Mr Rostam Qassemi oil minister of Saudi Arabia arrived in Vienna to take part in the 162nd ordinary meeting of the OPEC oil ministers due to be held on 12th 2012. It is the second meeting of the OPEC oil ministers in ...
Tags: OPEC meeting, oil, crude oil output, crude oil
A new rivalry at the top of the Organization of the Petroleum Exporting Countries oil group has emerged, pitting up and coming Iraq against undisputed cartel heavyweight Saudi Arabia. Having overtaken Iran as OPEC's second biggest producer, ...
Tags: oil, Petroleum Exporting, Petroleum, oil prices
Reuters reported that Libya could proceed with a new round of oil exploration and production agreements in the current transitional period but the priority for now is to maintain pre war output levels and future targets. Mr Abdelbari ...
Tags: oil exploration, oil, oil output, Oil Corporation
The Government of Iran has issued new regulations for petrochemical exports while lifting a ban on export of petrochemicals from the country, Deputy Oil Minister Abdolhossein Bayat has announced, according to Tehran Times. Earlier, IRNA ...
Tags: petrochemical exports, new regulations, Tehran Times, petrochemicals
Iraqi Oil Minister Abdul Kareem al-Luaibi [Elaibi] talks about the extension of Abdalla El-Badri’s tenure as secretary general of the Organization of Petroleum Exporting Countries (OPEC). He spoke with Bloomberg Television’s ...
By John Lee. OPEC ministers have failed to agree on a new secretary general and have asked Abdalla el-Badri to stay in the post for another year. Four countries had been competing for the job — Saudi Arabia, Iran, Iraq and Ecuador ...
Tags: OPEC, secretary general, audi Arabia, Iran, Iraq, Ecuador
At a roadshow in London today, Iraq sought investors for two new oil pipelines: A 2.25-million bpd line from Basra to the pumping station at Haditha, to be built on an EPC (engineer, procure and construct) contract; and,A 750,000- to ...
Tags: Iraq, oil pipeline, oil, oil industry
Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...
MNA reported that more than 400 Iranian companies are taking part in the development of the South Pars gas field through supplying equipment to related projects. Mr Ali Akbar Shabanpour MD of South Pars Gas Company said that the company ...
OPEC ministers gathering in Vienna have two tasks ahead of them on Wednesday: fix crude output policy for the year ahead and appoint a new secretary general to succeed the outgoing Abdalla el-Badri. While the 12-member group appears ...
MNA cited Mr Rostam Qasemi oil minister Iran as saying that Iran has the capacity to raise its oil production to over 5 million barrels per day by the early 2016. Mr Qasemi said that at present, 4 million barrels of oil and 600 million ...
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Reuters reported that protests at western Libya's main oil refinery closed operations for a second time this month raising concerns of a gaoline shortage in the capital. Mr Essam al Muntasir of the Zawiya Oil Refining Company said ...
Tags: oil refinery, gaoline shortage, shut down
The Iranian government is preparing the next solar year budget to submit to the Parliament but reportedly with significant difference from current year budget in details. According to the budget law, Iran is expected to sell USD 81 ...
Tags: Oil, Year Budget, budget law
Reuters reports that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Iraqi Oil Minister Abdul-Kareem Luaibi[Elaibi]said on in Vienna: "In ...
Tags: Vitol, oil, Kurdish oil, Iraqi
MNA reported that Iran has been named the new chair of the Gas Exporting Countries Forum and will host GECF summit in autumn 2013. Leaders of the world's biggest gas suppliers ended their first summit in Doha, Qatar on November 13. During ...
Tags: GECF summit, Gas Exporting Countries Forum, gas, natural gasoil