News / International
Post-Sanction Iran Plans to Become Top PetroChem Producer
Managing director of Iran’s National Petrochemical Company (NPC) says the country is prepared to pave the way to attract foreign investments in its oil and petrochemical sectors after a final nuclear deal is clinched between Tehran and P 5+1 group of countries.
UAE to Launch New Solar Power Project, Report Says
UAE’s Federal Electricity and Water Authority (FEWA) is set to create a series of solar power stations with a capacity of 100 megawatts (MW) at a cost of Dh500 million ($136 million), according to a report.
US Oil Production for 2014 at 100 Year High
U.S. crude oil production surged last year by the largest volume in more than 100 years. American producers pumped an additional 1.2 million barrels per day of crude oil and condensate in 2014 compared with the year before, reaching 8.7 million daily barrels, according to the U.S. Energy Information Administration.
PEMEX Resumes Repairs to Rig Damaged by Fire, Search Continues for Missing Workers
Four days after a deadly fire damaged a Gulf of Mexico oil-drilling platform, Mexican officials on Sunday said the search continues for three missing workers while the repairs have begun to resume production at the facility.
China Hopes for US Style Shale Oil Boom
In the coming decade, China's natural gas market is expected to undergo robust growth fueled by a number of environmental and economic drivers. A much discussed natural gas strategy for China is to develop its shale gas resources – an unsurprising choice given that the country is home to the largest technically recoverable shale gas reserves in the world.
One of Libya’s Rival Governments Takes Controls of Oil Revenue
One of the two factions battling for control of Libya took steps on Sunday to divert incoming oil revenue away from the central bank and into its own new account, a steep escalation in the contest over the country’s vast wealth.
Talks Underway to Return Tankers, Shipping Lanes to Iran
Iran says it is expecting American shipping lines to visit its ports once the economic sanctions against it are lifted in light of the emerging comprehensive final agreement over the Iranian nuclear energy program.
Gulf Petrochemical Raises Production Despite Price Crunch
Gulf Petrochemical Industries Company (GPIC) has registered a 4% increase in production in the first quarter of the year, with total production of ammonia, urea and methanol amounting to 255,000 tonnes.
