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As celebrations in some quarters over the conclusion of an agreement with Iran continue, President Rouhani has reminded those against their nuclear program that they “will continue” their enrichment program and “will never stop” during his speech marking his 100 Read more
Saudi Arabia seems unfazed by the forecast of the World Oil Outlook’s annual report that the demand for oil produced by the 12 members of the Organization of the Petroleum Exporting Countries (OPEC) will fall by 2018. The rise in Read more
Iran was parading its homemade defensive equipment to as part of celebrations to mark the beginning of the Week of Sacred Defense before Russia hands over the Bushehr nuclear power plant on Monday. United Nations will be holding its General Read more
A quarterly report from the International Atomic Energy Agency (IAEA) has stated that Iran has upgraded its nuclear program, with new centrifuges that could enable it to enrich uranium at a faster rate. Tehran has always maintained that its nuclear Read more
PetroChina can become the biggest investor in Iraq’s oil ventures if the negotiations it is engaged in turn out to be successful. It wants to be engaged in the development of the West Qurna oilfield, 50 km northwest of the Read more
Prime Minister Benjamin Netanyahu has issued another warning on Iran’s nuclear ambition, without ruling out a solo attack because they have a tighter flexibility than their ally, the U.S. He said that Iran has speeded up the process, but it Read more
Outgoing Iranian President, Mahmoud Ahmadinejad, has revealed that there are plans to become the next major exporter of vehicle fuels as more plants are opened. The country used to rely on oil imports but has now turned to exportations as Read more
According to Nihad Mousa, director general at the Iraqi oil ministry, a number of consortia from different points of the globe have manifested their interest in participating in the construction of the country’s first export pipeline in decades. Iraq’s oil Read more
Iraq has begun talks with foreign energy firms on reducing its long-term oil production ambitions, due to the slumping global crude demand forecasts. It is now planning to spread output over a longer period of time. The talks include all Read more
Oman’s largest oil and gas producer, Petroleum Development Oman (PDO), and GlassPoint Solar, a leader in solar enhanced oil recovery, have commissioned the region’s first solar Enhanced Oil Recovery (EOR) project which can produce 50tons of emissions-free steam on average Read more