Energy Industry

'2 casualties' in Indian oil tanker explosion off Oman

Aug 15, 2018

An Indian shipping company says one of its crude oil tankers suffered an explosion off the coast of Oman, causing "two casualties" and injuring one sailor

Iran: China's state-owned energy CNPC takes over French TO

Aug 11, 2018

Iran's official IRNA news agency is reporting that China's state-owned petroleum corporation has taken a majority share of the country's South Pars gas project

Saudi official says Canada dispute won't affect oil sales

Aug 9, 2018

Saudi energy minister assures Canada that kingdom's diplomatic dispute with Ottawa won't affect oil sales

Iran president strikes hard line as some US sanctions resume

Aug 6, 2018

Iranian President Hassan Rouhani has struck a hard line in a televised interview as the U.S. re-imposes some sanctions that had been lifted under the 2015 nuclear deal

Iran receives more airplanes ahead of renewed US sanctions

Aug 5, 2018

Iran has acquired five new airplanes a day before the U.S. begins restoring sanctions suspended under the 2015 nuclear deal

Saudi Arabia resumes oil shipments through Red Sea strait

Aug 4, 2018

Saudi Arabia says it will resume oil shipments through the Bab al-Mandeb strait after they were temporarily halted following attacks by Yemen's Shiite rebels

In Iran, economic worries grow as new US sanctions loom

Jul 30, 2018

Fears mount in Iran as currency plunges to record low a week before the restoration of US sanctions

Oil prices spike after Saudi halts shipments after attack

Jul 26, 2018

Oil prices rise to 10-day high after Saudi Aramco temporarily halts crude shipments through key strait after Yemen rebel attack

Saudi TV: Yemen rebels attack ship causing slight damage

Jul 25, 2018

Saudi state-run TV reports that Yemen's Shiite rebels have attacked a Saudi ship off the country's western coast

Egypt inaugurates several power generation plants, projects

Jul 24, 2018

Egypt has inaugurated several power generation projects, including three power plants built by the German conglomerate Siemens

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