Iran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament.
Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.
Iran has negotiated with China to purchase the technical know-how for the production of propylene from that country, a senior energy expert informed on Tuesday.
The ISA (International Society Of Automation) and DMS Global have joined hands to host the ISA Automation Conference and Exhibition Europe, Middle East and Africa (EMEA) from May 26 to 27 in Abu Dhabi, UAE.
The White House said Monday that President Obama doesn't plan on drumming up "a lot of drama or fanfare" when he vetoes legislation that would approve the Keystone XL pipeline.
National Iranian Gas Company (NIGC) has denied reports on negotiations with the United Arab Emirates’ Crescent Petroleum to revive a troubled gas export deal.
Houston-headquartered ProSep, the oil, gas and water treatment specialist, has launched an Industry Technology Facilitator (ITF) joint industry project (JIP) with Qatar Petroleum (QP) and Petroleum Development Oman (PDO).
Libya's internationally recognised government has said it will end all contracts with companies from Turkey, a country it has accused of supporting a rival administration.