Tag: largest
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Will the largest deal in the history of the Iranian oil industry with Russia become a binding agreement? (article)
Read in this article These agreements are expected to enhance Iran’s energy infrastructure and production capabilities Persistent technological limitations and hurdles make it difficult to implement these ambitions Memorandums of understanding between Iran and Russia provide a platform for improved cooperation in oil exploration and production It is believed that the partnership between Russia and…
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OPEC Secretary General: We are ready to save the largest amount of energy while reducing emissions
OPEC Secretary General Haitham Al-Ghais called again to address the lack of investment in the oil sector, noting that there is no one-size-fits-all solution for a sustainable energy future. He explained that the general focus should be on reducing emissions and using all types of fuel; The world will need more energy in the coming…
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The world’s largest oilfield services company is shrinking its business in Russia
The American company (SLB), the largest oilfield services company in the world, has begun to reduce its activity in Russia after more than a year has passed since the Russian-Ukrainian war, and the imposition of multiple Western sanctions packages. And it seems that the measures to reduce its operations and activity in Russia began since…
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The largest corruption case in the Algerian energy sector pushes Sonatrach to new rules
The largest corruption case in the Algerian energy sector prompted the Sonatrach group to define its plan to combat manifestations of corruption practices and bribery transactions, phenomena that toppled several officials in this sector, including ministers, general managers, and others, whose cases are still being discussed in the corridors of the courts. In order to…
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The second largest US refinery is authorized to import Venezuelan oil
US refineries are preparing to resume importing Venezuelan oil after many years of sanctions imposed on the government of Venezuelan President Nicolas Maduro. Valero Energy, America’s second-largest oil refiner, is seeking permission from the US Treasury Department to resume importing Venezuelan oil, according to Reuters. US refineries hope to obtain permission similar to what Chevron…
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The strike of the largest French refineries was forcibly ended and deliveries of the seized fuel shipments began
French police forced the largest French refineries to hand over fuel shipments withheld and resume refining work, after weeks of continuous strikes in protest against a regulation to raise the retirement age in the country. And French Energy Minister Agnès Pannier-Ronachet announced the resumption of fuel shipments from the Gonverville refinery in the Normandy region…
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The largest oil traders in the world are hinting at their return to the activity of selling Moscow crude and its derivatives
The world’s largest oil trader is considering re-expanding the sale of Russia’s crude and oil derivatives again, after a year and more of restricting trade during it due to the Ukrainian war. The CEOs of the Vitol and Trafigura groups revealed their study of resuming extensive commercial dealings in Russian oil and derivatives, without specifying…
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The second largest oil refinery in Iran plans to lead the production of propylene within 3 years
The second largest oil refinery in Iran is heading to break into the production of propylene, which is mainly used in the leading petrochemical industry in Tehran. The Isfahan Oil Refinery announced a restructuring and development plan towards becoming a holding company for the oil refining and petrochemical industry, according to the independent local Financial…
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Saudi Aramco lays the foundation stone for the largest petrochemical project in South Korea (photos)
Saudi Aramco laid the foundation stone for the largest petrochemical project in South Korea, with investments amounting to $7 billion. Korean President Won Seok Yul participated in the laying ceremony of the foundation stone for the Shaheen project, which is being implemented by S-Oil, a subsidiary of the Saudi oil giant. Saudi Aramco announced the…
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The closure of one of the largest oil fields in the North Sea due to exceptional taxes
Canada’s Canadian Natural Resources International has decided to shut down the Ninian field, one of the largest oil fields in the North Sea, given difficult market conditions, due to high natural gas production costs, unexpected taxes and lower UK business prospects. The company is working to “accelerate the abandonment” of its two remaining Ninian South…
