Gov’t Mulls Higher Power Tariffs to Help Cut Subsidies
madaresharghi The disparity between real electricity prices, which include the costs for generation and transmission, and what consumers pay for electrical power has compelled the government to pay 70 trillion ...
Saudi Arabia Says Ready to Extend Crude Cut Deal
madaresharghi Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement. “The kingdom affirms its readiness to extend ...
France to Decide Closure of Nuclear Plants by End 2018
madaresharghi France will detail at the end of 2018 how many nuclear reactors will close to meet a target on reducing atomic energy, Environment Minister Nicolas Hulot told French daily ...
Oil Majors on Track to Post Best Results in Three Years
madaresharghi The world's biggest western energy companies are on track to post the highest annual profits since the oil market crashed three years ago and forced them to restructure for ...
Reshuffle in Top Petroleum Posts
madaresharghi Iran's Oil Minister Bijan Namdar Zanganeh on Sunday appointed a new chief for the National Petrochemical Company and nominated a woman as his first deputy in the latest restructuring ...
CNG Use Cutting Costs on Gasoline Imports
madaresharghi Iran plans to increase the share of compressed natural gas in its fuel mix, as the low-carbon and clean-burning fuel has saved billions of dollars by curtailing gasoline imports ...
World Bank Sees Oil Prices At $56 Per Barrel Next Year
madaresharghi Oil prices will edge up to $56 a barrel next year from this year’s $53 a barrel level on rising demand, continued production cuts from producers and stabilizing US ...
Iraq Boosts Crude Export Capacity
madaresharghi Iraq has increased oil export capacity from its southern ports by 900,000 barrels per day to 4.6 million bpd after adding a new floating terminal in the Persian Gulf, ...
Israel plans to demolish homes of Palestinian ‘attackers’
madaresharghi Lieberman, in a statement on Sunday, instructed the military to “examine the possibility to demolish the homes of” those Palestinians “who carried out attacks in which Israeli civilians were ...
Saudi poisonous gas behind Yemen's cholera epidemic: Official
madaresharghi Yemen's army spokesman Brigadier General Sharaf Luqman said on Sunday that Saudi Arabia is the main culprit for the current cholera epidemic among Yemen's vulnerable population as Saudi fighter jets continue to spread biological agents in ...