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March, Sunday



Question of the week

Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

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News // Middle East and OPEC

US disagrees with Opec decision

The White House said that more oil is needed on the market
12 September 2008 , 07:304750

Saudis to ignore OPEC decision to cut production

Saudi officials assured world markets that they would ignore the decision and continue to pump as much oil as needed.
11 September 2008 , 12:476150

Iraq cancels six no-bid oil contracts

An Iraqi plan to award six no-bid contracts to Western oil companies, which came under sharp criticism from several United States senators this summer, has been withdrawn, participants in the negotiations said on Wednesday.
11 September 2008 , 12:327080

OPEC chief comes to Moscow in October

OPEC secretary-general Abdalla Salem El-Badri announced that he was planning to travel to Moscow in October to foster cooperation with Russia
11 September 2008 , 08:435300

Oil rises on Opec production curb

Oil prices have risen, after OPEC agreed to return to its late 2007 production levels
10 September 2008 , 11:034970

OPEC Average Price Rose

The weekly average prices of the Organization of the Petroleum Exporting Countries
02 September 2008 , 14:495820

China To Develop Iraqi Oil Field

The new agreement will be a service contract, under which China will not be a partner in profits and instead will be paid for its work
21 August 2008 , 14:376680

OPEC Average Oil Price Dropped

The weekly average oil prices of the Organization of Petroleum Exporting Countries
21 August 2008 , 14:044730

Iran May Close Gulf Shipping Route

The head of the Revolutionary Guards Mohammad Ali Jafari made this statement, saying that Iran was likely to fuel tension...
05 August 2008 , 14:225490

OPEC to Consider Oil Rationing

Iranian Oil Minister Gholam Hussein Nozari has revealed that the Organization of Petroleum Exporting Countries
04 August 2008 , 15:165490

Iraq Increased Oil Exports Tenfold

According to a report by the U.S. Special Inspector General for Iraq Reconstruction said that oil exports from Iraq's northern pipeline rose by more than...
31 July 2008 , 14:375010

Iraq: Political War Damages National Oil Industry

Iraqi central government is trying to reassert control over South Oil
31 July 2008 , 10:546090

Dana Gas, Crescent Petroleum Create JV

The Kurdistan Gas City is a major new sustainable and synergistic gas-utilisation industrial complex to be built
30 July 2008 , 15:185590

Saudi Arabia Extends Neutral Zone Productioon Consession for Chevron

Saudi Arabia has authorised the extension of an oil concession held by US oil giant Chevron in its Neutral Zone shared with Kuwait.
15 July 2008 , 13:274620

OPEC: Crude Demand To Decline

The global oil cartel OPEC has predicted a drop in demand for crude as motorists were today threatened
11 July 2008 , 14:554130

Iraq Demands Timetable of US Troops Withdrawal

Iraq's prime minister said Monday his country wants some type of timetable
09 July 2008 , 15:144620

OPEC President Talks About Further Oil Leaps

Oil prices are likely to rise further largely due to a weak dollar and geopolitics, Chakib Khelil...
07 July 2008 , 10:215440

Senior Arab Official Warns Of Oil Price Hike If Iran Attacked

A senior Arab official warned that oil prices would jump to more than 200 U.S. dollars a barrel if Iran was militarily attacked...
07 July 2008 , 09:355920

OPEC: Difficult To Replace Iranian Oil Output

The secretary general of the OPEC oil exporting group said that it would difficult to replace the crude output of Iran if the country was attacked, in comments published on Thursday...
04 July 2008 , 13:384410

OPEC Chief: Developing Economies Face Oil Price Dilemma

Developing countries are facing a dilemma in managing oil prices on their home market...
02 July 2008 , 12:334940

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