An Iranian deputy minister of petroleum says the country’s petrochemical production capacity will reach 180 million tonnes in next 10 years despite international sanctions imposed on Iran's energy and financial sectors.
Bahrain Petroleum Company (Bapco) conducted a safety 'stand down' procedure over its entire spectrum of operations in the presence of staff and contractor employees, explaining various safety procedures.
The Egyptian government plans to establish two solar power plants, worth $6m, in the Democratic Republic of the Congo with a capacity of 2 MW, in the framework of Egypt’s commitment to help Congo in its development process.
Talks between Eni and suitors including Chinese state utility Huadian for a stake of around 15 percent in the Italian oil major's prized Mozambique gas field are dragging on due to differences over price, industry and banking sources said.
Soma Oil & Gas Holdings Ltd., chaired by former U.K. Conservative Party leader Michael Howard, has proposed a deal with the Somali government that may grant it as much as 90 percent of the country’s prospective oil revenue.
Nigeria needs to increase natural gas prices for power plants further to help encourage more gas exploration and production, the chief executive of Oando Gas & Power, said on Friday as the country's new president is sworn in.
Saudi Arabia's state oil firm is on a hiring spree in South Korea, as the world's top crude exporter seeks engineers to run plants in its soaring refining sector - setting it on course to compete with some Asian countries that are big oil buyers.