One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco -- for three years -- despite crude prices that topped $100 a barrel.
With all the news on Egypt's struggles to meet its own energy needs Prime Minister Ibrahim Mahlab announced that Egypt has a well-defined future energy strategy.
Ethiopia expects to start producing and exporting natural gas from under-developed reserves in its southeast by 2017, Prime Minister Hailemariam Desalegn said on Friday.
Maximising the use of petrochemical raw materials and products locally instead of exporting is a priority, Minister of Petroleum Sherif Ismail announced
Iranian Oil Minister Bijan Namdar Zanganeh announced that his ministry is planning to considerably increase the volume of the country’s oil derivatives exports in the next Iranian year (starting March 21, 2015).
Iraq’s Oil Ministry said on Thursday that crude exports averaged 2.535 million b/d in January, a decrease of nearly 14% from the previous month, depriving the nation of badly needed cash both for ongoing military ope ...
Iran’s media reported on Monday that the country has started exports of condensate from South Pars Phases 15 and 16 that have recently been made operational.