Tag: Gas

Russia, China endorse Iran BRICS bid to tilt Tehran further eastwards

While facing tight economic sanctions and unresolved tensions with the international community over its nuclear program, Iran applied last month to join BRICS. A group of five emerging market economies, BRICS comprises Brazil, Russia, India, China and South Africa. Iran’s inclusion in BRICS is touted by Tehran as a move which will bring added value […]

Bashar Al-Assad in UAE for first time since Arab Spring

Syrian President Bashar Assad was in the United Arab Emirates on Friday, his office said, marking his first visit to an Arab country since Syria’s civil war erupted in 2011. In a statement posted on its social media pages, the office says that Assad met with Sheikh Mohamed bin Rashid Al Maktoum, vice president and […]

Industrial production in Uzbekistan is growing

Uzbekistan is a country with a developed industry. Forty percent of production and more than a million people are engaged in this sector of economy. The share of the sector in making the country's GDP makes up 14 percent. Leading sectors of the industry are: cotton cleaning, machine building, textile, gas, precious metals, electronics, instrument […]

Unlike UAE Qatar not planning to normalise with Syria

Qatar is not considering normalising ties with Syria and hopes other countries will be discouraged from taking further steps with President Bashar al-Assad's government, foreign minister Sheikh Mohammed bin Abdulrahman Al-Thani said on Friday. His comments at a joint news conference with U.S. Secretary of State Antony Blinken in Washington were in response to a […]

OPEC defends fossil fuels at COP62

Top representatives of the oil producer group OPEC defended a future role for fossil fuels at the U.N. climate conference https://www.reuters.com/business/cop on Wednesday, arguing the world can slash greenhouse gas emissions without swearing off oil and gas. The arguments clashed with the efforts of the summit's British hosts to secure ambitious pledges from world governments […]

US envoy to Lebanon talks Israeli border dispute

U.S. envoy Amos Hochstein met Wednesday with President Michel Aoun, Speaker Nabih Berri and PM Najib Miqati in a bid to rekindle moribund talks over a maritime border dispute between Lebanon and Israel that is holding up oil and gas explorations. The Presidency said Aoun and Hochstein discussed “the course of the negotiations process regarding […]

US wants China to end dependency on Iranian oil

The United States has reached out to China diplomatically about reducing its purchases of Iranian crude oil, U.S. and European officials said on Tuesday, as Washington seeks to persuade Tehran to resume talks about reviving the 2015 nuclear deal. Purchases of Iranian oil by Chinese companies are believed to have helped keep Iran’s economy afloat […]

Iran cracks down on internet as UN publishes damning woman rights report

After Iran last month imposed an Internet shutdown lasting several days in a southeastern region during a rare upsurge of unrest, activists say the government is now using the tactic repeatedly when protests erupt. Rights groups say at least 10 people were killed when security forces opened fire on fuel porters around Saravan in the […]

Iraq threatened with blackouts because of unpaid gas bills to Iran

Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other major cities. Iraq has been receiving 5 million cubic meters a day since Iran cut its daily exports from 50 million cubic meters two weeks […]

Assad pitches Russian bases to maintain balance of power in Middle East

Syrian President Bashar al Assad said the continued presence of Russia’s major naval and air bases in his country help counter the influence of Western powers in the region as the battle to crush insurgents was winding down. In an interview with Russia’s Ministry of Defence TV channel Zvezda on the fifth anniversary of Moscow’s […]

France on military collision course with Turkey in East Mediterranean

France will increase its military presence in the eastern Mediterranean, President Emmanuel Macron said on Wednesday, calling on Turkey to halt oil and gas exploration in disputed waters that has heightened tensions with Greece. The French leader voiced concern over “unilateral” exploration by Turkey in a call with Greek Prime Minister Kyriakos Mitsotakis, Macron’s office […]

Greece wants US, EU help over Turkey in Mediterranean - UPDATE

The foreign ministers of Greece and the United States will meet in Vienna on Friday to discuss tensions in the Eastern Mediterranean, the Greek foreign ministry said, amid a dispute between Athens and Ankara over hydrocarbon resources. The meeting between Greek Foreign Minister Nikos Dendias and U.S. Secretary of State Mike Pompeo comes days after […]

UAE warns Turkey about meddling in Libya

The United Arab Emirates minister of state for foreign affairs said on Saturday that Turkey should stop interfering in Arab affairs, criticising comments on Libya made by Turkey’s defence minister. Turkish media had reported the Turkish minister making remarks critical of the UAE’s actions over Libya. The UAE, alongside Egypt and Russia, backs eastern Libya […]

Saudi Arabia and UAE moving into hydraulic fracturing

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced today the signing of an agreement with AlMansoori Petroleum Services (AMPS). The announcement was made at the opening of this year’s International Petroleum Technology Conference (IPTC), taking place for the first time in the Kingdom of Saudi Arabia. The agreement establishes an alliance between TAQA and […]

Turkey continues drilling in Cypriot waters

A second Turkish drillship, which is expected to begin drilling for oil and natural gas near Cyprus this week, arrived off the Mediterranean island’s northeastern coast on Monday, Refinitiv Eikon shipping data showed. Last month, European Union leaders warned Turkey to end its gas drilling in disputed waters around the island or face action from […]

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