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Iraqi protesters shout slogans during a demonstration in the southern city of Basra. (AFP/ File Photo)

July 11th, 2018 - 08:01 GMT

Iraqi Protesters Promise to ‘Paralyze’ Basra Oil Industry If Firms Don't Employ Them

Thousands of protesting tribesmen in southern Iraq have threatened to “paralyze” oil production if the hundreds of companies running the oil fields fail to employ them.

Britain, France and Germany along with Russia and China met with Iran in Vienna to offer economic benefits and assurances that would lessen the blow of sweeping US sanctions announced by Trump. (AFP)

July 7th, 2018 - 01:51 GMT

5 World Powers Commit to Iran Deal, Back Oil Exports Despite US Sanctions Threat

With its vast reserves, low extraction costs and high spare capacity, Saudi Arabia will continue to remain the dominant power broker in the OPEC and international energy markets. (Shutterstock)

June 19th, 2018 - 08:06 GMT

A Look at Saudi Arabia and the New Economics of Oil

Europe only has bad options. But the two signatories to the JCPOA that Trump has had the most reservations about, Russia and China, are a different story. /AFP

May 14th, 2018 - 01:21 GMT

This is 'Winning'? Ending the Iran Deal is Alienating European Allies & Strengthening the Yuan

Iran's president, Hassan Rouhani. (AFP/ File)

October 30th, 2017 - 11:08 GMT

Iran Expects to Sign More Than $20 Billion of Energy Contracts in 2018

Iran’s crude oil exports to Russia are part of an oil-for-goods barter scheme with Russia. (File photo)

October 29th, 2017 - 02:51 GMT

Iran to Begin Oil Exports to Russia Under Oil-For-Goods Barter Deal

The Iran Oil Show 2017 will kick off in capital Tehran on May 6, 2017, with a total number of around 4,000 exhibitors from 37 countries, including the US, Germany, Russia, and China. (AFP/ Eric Piermont)

May 2nd, 2017 - 01:20 GMT

Iran Gears Up For Giant Oil and Gas Show With Exhibitors From US, Russia, China and EU

Lukoil accounts for over two per cent of global crude oil production and around one per cent of the world’s proved hydrocarbon reserves. (File photo)

March 5th, 2017 - 10:00 GMT

Russia's Lukoil eyes operations expansion in Middle East

Rosneft is Russia's largest oil producer. For the fourth quarter, the company said its net production was up 11.8 percent year-on-year for a new record high. (Shutterstock)

February 21st, 2017 - 05:24 GMT

Russia's Rosneft begins new drilling operations in Iraq

Under the theme “Embracing New Frontiers,” the congress program will lead delegates through the current and critical issues facing the energy industry. (Shutterstock)

October 6th, 2016 - 12:00 GMT

The 23rd World Energy Congress 2016 in Istanbul hopes to 'Embrace New Frontiers'

Russia and Saudi Arabia, the leading global oil producers, earlier this month agreed to work towards a possible freeze in oil output volumes to support oil prices. (Shutterstock)

September 15th, 2016 - 08:00 GMT

Pumping up: OPEC expects larger surplus next year

Many of the companies looking at Eni's Zohr are either already active in Egypt or have recently landed bordering acreage in Cyprus, such as Exxon Mobil and Total. (Eni)

August 14th, 2016 - 09:00 GMT

Eni mulls sale of 20 percent stake in Egypt's giant Zohr gas field

Kuwait’s Deputy Foreign Minister Khaled Jarallah said Saturday the market could not support a production increase from Iran, adding oil exporting countries must freeze output. (File photo)

May 16th, 2016 - 11:03 GMT

Kuwait calls on Iran to join oil production freeze plan