Energy Industry

Jan 24, 2017

Saudi Arabia warns destructive computer virus has returned

Saudi Arabia is warning that a computer virus that destroyed the systems of its state-run oil company in 2012 has returned


Jan 12, 2017

OPEC chief 'confident' countries to meet oil production cuts

OPEC chief says he's 'confident' cartel, outside members will stick to agreement to cut production to help boost prices


Jan 9, 2017

Minister: Iraq's oil exports from south climb further

Iraq's oil minister says crude oil exports from the country's southern ports inched up last month


Jan 4, 2017

Arab separatists claim 2 pipeline bombings in southern Iran

An Arab separatist group has claimed two pipeline bombings in Iran's oil-rich south and threatened more attacks in the coming year


Dec 27, 2016

Iran's rial at all-time low over strong dollar, other woes

Iran's currency has struck an all-time low this week, trading at 41,600 rials to $1. While making Iranian exports more attractive to the world market, it also means people's savings continue to lose value in the Islamic Republic


Dec 21, 2016

Cyprus picks Eni, Total, ExxonMobil for drilling talks

Cyprus's energy minister says negotiators will sit down with three oil and gas giants


Sep 23, 2016

Iraq sets ceiling on oil production before Algeria meeting

OPEC member Iraq says it supports any deal to prop up oil prices ahead of next week's meeting of oil producers in Algeria


Iran begins construction on 2nd nuclear power plant
Sep 10, 2016

Iran begins construction on 2nd nuclear power plant

Iran has begun building its second nuclear power plant with Russian help, the first such project since last year's landmark nuclear deal with world powers


Sep 6, 2016

Oil minister: Iran backs OPEC moves geared toward stability

Iran's oil minister says his country would support any decision by oil producing group of nations that seeks to bring back stability to the market


Aug 31, 2016

Cyprus, Egypt sign deal paving way for gas pipeline

Cyprus and Egypt have signed an agreement paving the way for the supply of Cypriot gas to the Arab nation through an envisioned pipeline