India Wants $300b in Energy Investment
madaresharghi India wants to attract foreign investments for $300 billion of energy projects planned for the next decade, its oil minister said, as the world’s third biggest oil consumer aims ...
China Will "Compel" Saudi Arabia to Trade Oil in Yuan
madaresharghi China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the US dollar as ...
Foreign Investors Positive About Iranian Oil Projects
madaresharghi Iran’s new model of contracts for oil and gas projects has made investment in the country’s petroleum industry much more appealing for multinationals. Lyu Gongxun, vice president of PetroChina ...
Crude Oil Prices Rise on Signs of Tighter Market
madaresharghi Oil prices rose for a third day on Wednesday on signs that markets are gradually tightening after years of oversupply, though the outlook for 2018 remained less certain. Brent ...
French Bank to Halt Funding Shale Oil in Climate Pledge
madaresharghi BNP Paribas SA promised to stop financing shale and oil sands projects as part of its latest efforts to tackle climate change. France’s biggest bank will no longer do business with ...
Germans to Invest $120m in Yazd Solar Power Venture
madaresharghi Europe's renewable powerhouse Germany plans to build a solar farm in central Iran, following in the footsteps of a British company that landed the biggest solar power contract in ...
New Chief for NIORDC
madaresharghi Oil Minister Bijan Namdar Zanganeh has appointed a new managing director for the National Iranian Oil Refining and Distribution Company, Oil Ministry's official news service Shana reported. Based on ...
Iran Says Oil, Gas Projects Unaffected by Trump Threat
madaresharghi A top official at Iran's state oil company on Saturday sought to ensure that the country's key petroleum industry will not be rattled by US President Donald Trump's decision ...
Oil May Crash to $10 With Electric Vehicle Revolution
madaresharghi Oil prices will crash to just $10 per barrel over the next six to eight years, as alternative energy fuels continue to attract more and more investors, Chris Watling, ...
IEA: Global Crude Market Seen Balanced Next Year
madaresharghi Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset ...