A memorandum of understanding (MoU) has been signed between the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and Farassan Industrial Group to expedite the water supply project from the Persian Gulf to the Parsian Special Economic Energy Zone in Bushehr...
Canada’s Senate passed last week two controversial bills restricting the movement of oil tankers off the northern coast of British Columbia and overhauling the assessment process for oil pipelines—bills which have pitted environmentalists and liberals against the oil industry and the neighboring...
Oil tanker owners are raising the prices they charge to export Middle East crude as tensions surge in a region that accounts for about a third of all seaborne petroleum shipments.
Rates for transporting 2 million barrels cargoes from Saudi Arabia to China jumped to almost $26,000 a day, more...