Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC), the Persian Gulf nation’s Energy Minister Saad Sherida al-Kaabi announced. The decision to quit the bloc of 15 oil-producing countries that account for a significant percentage of the world’s oil production was confirmed by Qatar Petroleum, the state …

In near future, gas refineries of phases 13, 22, and 24 of South Pars will be inaugurated officially. This means Iran’s greater share of gas field against its rival Qatar, but situation of Iranian gas exports is not very good. To know more about the issue we reached out to …

– Saudi Arabia’s quicker than expected output restoration sparks oil price fall Oil prices declined contrary to expectations due to the quicker than expected restoration of Saudi Arabia’s output, the contained global response to the drone attacks on Saudi Aramco’s facilities, and greater output from other supplier countries like Qatar, …

To drive Iran’s oil export to zero, the Trump administration said that it will no longer exempt any countries from US sanctions if they continue to buy Iranian oil, stepping up pressure on Iran in a move that primarily affects the five remaining major importers: China and India and US …

In recent years, Saudi Arabia has had a comprehensive plan to reduce the share of oil in the economy, and it is seeking to increase the share of both renewable energy and natural gas in electricity production for export. It is also investing in high value-added products to reduce dependence …

إaghdad reported its highest oil production on record last August at 4.6 million barrels per day (bpd) from the country’s southern fields and exported a large portion of it. The first Iraqi-Turkish oil pipeline, built in 1976, has been ineffective in recent years in northern Iraq. Now the governments of …

By exporting liquefied natural gas (LNG) to some European countries, Washington seeks to reduce their dependence on Russian gas The shale gas revolution and the U.S. becoming an exporter of energy have changed the geopolitics of energy. The U.S.’ entry into energy exports has intensified competition among traditional energy exporters. …

Currently, Mediterranean coastal countries are increasingly seeking to extract gas from the Mediterranean seabed. As the first step, these countries have undertaken numerous excavations for domestic consumption to sell the gas in a regional consumption market such as the European Union if domestic infrastructure is provided in the coming years. …

In recent years, thanks to the development of Turkey’s transit fleet and the emergence of a vibrant and active private sector in this sector, Turkey has been able to take a fair share of the road transport market with the countries of the region by creating competitive advantages. Turkey and …

China is self-sufficient in many respects in the old oil industry, but it still needs foreign equipment and imported advanced technologies to extract and explore oil resources. These are China’s weaknesses that need to be addressed. China’s oil industry will not be immune to US-China trade clashes and production and services may …