EU Embargo On Iran Oil Will Be Costly
"The EU is rejecting purchases of Iranian oil, even though very many EU countries depend on this oil," Foreign…
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Russia
Iraq West Qurna 2 Seen at 500.000 bdp in 2014: Oil Minister
Production at Iraq’s West Qurna Phase-2 oilfield is expected to hit 500,000 barrels per day (bpd) in 2014, Iraq’s…
Iran Largest Crude Steel Producer in Mideast, Africa: Report
A report says that the Islamic Republic of Iran has become the largest producer of crude steel in the Middle East…
Oil Falls For Second Day Amid Iran Nuclear Talks
Oil fell a second day after the first international talks in 15 months on Iran’s nuclear program yielded an…
Djezzy’s Value Reaches $6.5 billion
The Algerian government advisor on the local network operator, Djezzy, put the communication company's value at…
Saudi Arabia Determined To Push Down Oil Prices: Naimi
Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow OPEC members…
Russia Intends to Participate in GCC Railway Project
Vladimir Yakunin –Chairman of Russian Railways Company- stated that his company discusses the idea of undertaking…
Russia’s GDP exceeds Pre-Crisis Level
Russia’s gross domestic product (GDP) exceeded pre-crisis levels in early 2012 and the domestic economy has fully…
Brent Oil Prices Lower On Weak US, China Data
Brent oil prices dropped on Tuesday, in line with global equity markets, after publication of…
Russian Minister Sees Stagnant Oil Output
Russia's oil output would be stuck at its 2011 level for the next 20 years as the country has exhausted its…
