Iranian Exports to South Korea Falls

• Tuesday, 16th May 2017
• by Editorial Team

The export of Iran’s five main commodities shipped to the European Union (EU) has seen a significant increase in value in the last Iranian year.

Libya’s NOC Refutes Gas, Fuel Shortage Claims

• Tuesday, 16th May 2017
• by Editorial Team

The shortage claims came as many cities suffered from high temperatures coupled with long hours of power outage.

OPEC Loses $76b for US Shale

• Tuesday, 16th May 2017
• by Editorial Team

OPEC lost $76b in 2016 due to low oil prices caused by rising US oil production.

NNPC Develops Scheme to Boost Gas Supply

• Monday, 15th May 2017
• by

NNPC, along with its partners, has developed a scheme to grow gas supply for domestic consumption by 285%.

Zanzibar to Start Commercial Oil, Gas Exploration

• Monday, 15th May 2017
• by

ZPRA announced that the commercial exploration and production of oil and natural gas in the Isles will commence after 8 years.

Nigeria’s Oil Production Increased by 274,000b/d

• Monday, 15th May 2017
• by

OPEC announced last week that Nigeria’s crude oil production increased by 274,000b/d in April.

Iraq, Algeria Signal Consensus on OPEC Cuts

• Sunday, 14th May 2017
• by Editorial Team

OPEC and major oil exporters reached consensus to extend the limits of cuts until the end of 2017.

Higher Oil Prices Shrink Saudi Deficit

• Sunday, 14th May 2017
• by Editorial Team

A strengthening in Saudi Arabia's government finances has allowed the kingdom to stop drawing down its foreign assets.

Iran to Export Oil to the Philippines

• Sunday, 14th May 2017
• by Editorial Team

The Iranian oil is expected to feed Philippines’ new refinery, which will be launched in the next three years.

EnerMech, Khudairi Group Launch JV in Iraq

• Wednesday, 10th May 2017
• by Editorial Team

The joint venture targets both the re-emerging oil and gas and large infrastructure sectors.