Hindustan Petroleum Corp will buy up to 40,000 barrels per day (bpd) of Basra light oil from France's Total at a discount to the official selling price, said a source at the Indian firm.
HPCL will lift 15,000 bpd of th
Iran has earned up to $2 billion in revenue from its petrochemical projects since the beginning of the new Iranian year which started on March 21, 2013, said a report citing a top industry official.
Five petrochemical projects have come online during the period, reported the semi
Bahrain's Minister of State for Electricity and Water Affairs Dr Abdulhussain Mirza has pledged to work on improving energy efficiency and water conservation.
In a message to mark 'Arab Day of Energy Efficiency,' the minister said reducing gaseous emissions from the b
Oil is poised to post its biggest weekly loss in more than a month, with Brent edging down towards $102 per barrel on Friday - pressured by ample supply and a sluggish economic recovery that could dent demand for fuel.
Crude inventories in the United States are near record levels
Egypt will begin using smart cards in the next few weeks to distribute gasoline and diesel, Oil Minister Sherif Haddara said, in a step towards meeting IMF terms for a loan.
The first smart cards will go to fuel stations and then the programme will widen to include all car owners
Oil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in US Federal Reserve stimulus.
China's factory activity shr
Yokogawa America, a subsidiary of Yokogawa Electric Corporation, has signed a partnership agreement with Petróleo Brasileiro (Petrobras), a major oil company, on the evaluation of field wireless technology.
Through this partnership, Yokogawa will provide Petrobras te
Technip, a world leader in project management, engineering and construction for the energy industry, has been awarded a lump-sum turnkey contract by Adma-Opco for its flares modification and revamp project on Das Island.
Brent crude futures slipped towards $102 a barrel on Thursday as fresh data from China cast doubt on the strength of recovery in the world's second-biggest oil consumer and the dollar weighed on commodity markets.
China's factory activity shrank in May, with the prelimina
Al Ruwayeh & Partners (ASAR) has been appointed as the legal advisor to the consortium that has been formed by the Partnerships Technical Bureau (PTB) to advise on the Al-Khairan independent water and power producer (IWPP) project.
A leading and most prominent corporate law f