$6b Worth of Water, Power Projects Underway Overseas
madaresharghi Domestic power and water contractors are implementing 58 energy projects overseas worth $6.1 billion, since the beginning of the current fiscal that ends in March 2018. Hamidreza Tashayoei, the ...
Nigeria Open to Join Crude Cuts Under "Right Terms"
madaresharghi Nigeria would back an extension of OPEC’s production cut deal to the end of 2018 “as long as the right terms are on the table” relative to Abuja’s planned ...
Italy May Sell Eni Stake to Pay Off National Debt
madaresharghi Italy could soon sell its stake in Eni to pay down debts, a source close to the matter told reporters on Monday. The price of the stake in Eni ...
Brent Remains at Multi-Year Highs
madaresharghi Oil eased on Tuesday, after having posted its largest gain in six weeks the previous day, while tension flared between Saudi Arabia and Iran, just as the Saudi crown ...
Iran Crude Oil Price Hits New Year-High
madaresharghi Iran's crude oil crossed the $57-a-barrel threshold for the second time this year as global prices continue to draw support from the prospect of extending a supply cut agreement ...
OPEC Thinking About $70 Oil
madaresharghi As recently as OPEC's last meeting in May, several oil ministers were talking quite casually about $50 a barrel as a good price for crude. Do not expect that ...
BP, Shell Lead Plan for New Trading Platform
madaresharghi A consortium, including energy companies BP and Royal Dutch Shell, will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on ...
HSBC Pledges $100b to Combat Climate Change
madaresharghi HSBC Holdings Plc has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change, the bank said on Monday. HSBC said it will ...
Brent at Two-Year Highs Amid Tightening Markets
madaresharghi Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption ...
Iran Could Replace Ceyhan for Kirkuk Oil
madaresharghi Negotiations are underway between Tehran and Baghdad to transfer crude oil from Kirkuk fields to Iran instead of sending it to the Turkish city of Ceyhan under a possible ...