The Iraqi Oil Ministry announced that it signed a “heads of agreement” with two Turkish and Swedish companies to build a 70,000-barrels-per-day refinery in the Qayara oil field. Iraq’s state-owned North Refineries
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Hezbollah started to transport Iranian fuel into Lebanon on Thursday in order to ease a crippling energy crisis. Official channels of Hezbollah said a group of around 20 tanker trucks carrying Iranian
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Abu Dhabi and Dubai’s recent actions are mostly aimed at mitigating the negative consequences of the oil-based economy. Given the difficulties in Gulf international relations, self-sufficiency and independence from oil emerge as
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Sonatrach Director Toufik Hakkar said that, according to the trends in the international energy markets, they expect to generate between $30 and $33 billion in revenue in 2021. Hakkar expressed that unlike
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Organized by the Lebanese Hezbollah, which cautioned the US and Israel that the ship will be considered Lebanese soil as soon as it sails, a shipment of Iranian fuel will set sail
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Kuwait’s Finance Ministry issued a statement regarding the economic outlook of the Gulf country in the last fiscal year that ended on March 31. According to the statement, Kuwait’s budget deficit hit
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Saudi Arabia will raise oil prices for Asian and American clients in September, indicating that the world’s top crude producer believes demand will continue to improve despite a considerable increase in COVID-19
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With its vast oil and gas resources in the Caspian Sea, Azerbaijan has no problem supplying the oil and gas it needs, yet the supply of energy required by the Autonomous Republic
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Iraq has signed an energy agreement with Lebanon permitting the financially damaged government of the Levant country to pay for 1 million tons of hefty fuel oil a year in goods and
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On Thursday, the United Arab Emirates (UAE) effectively blocked a deal of the Organization of Petroleum Exporting Countries, known as OPEC+, reached by major producers Saudi Arabia and Russia to relax oil
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