Chinese, Israeli and Turkish investors show interest in Crimea

    According to the deputy head of the Crimean government, Georgy Muradov states that China, Turkey and Israel have shown great interests to cooperate with...

Qatar’s new port makes progress

The new $7.4 billion Hamad Port in Qatar received its first ship in July, but only yesterday announced that it will begin accepting commercial...

Iran and India to Build $4.5 Billion Pipeline

A $4.5 billion pipeline that will carry 31.5 million standard cubic meters of gas per day between Iran and India has been proposed. Tehran and...

Syrian government revives dozens of underground gas wells

The recent discovery of natural gas reserves in the Homs Desert has paved the way for the Syrian government to revive dozens of unused gas wells as...

Iran announces possibility to increase gas export

Director of Gas Transmission Operation (District 8) has announced the possibility to increase gas export or swap with Caucasus countries like Armenia and Azerbaijan. Yadollah...

Aviation Industry Eying Potential Iceland Volcano

The aviation industry has been warned about the possibility of flight disruptions caused by activity at Iceland's largest volcano system. Intense seismic tremors have...

Oil up 3 percent on outages, equities rally; big week for...

Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq...

Oil prices rebound from sharp selloff; more volatility expected

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent...

Iran Boycotts 227 American Products

With the lifting of sanctions in Iran looking, Tehran has labeled 227 products from the United States to be boycotted. Ayatollah Khamemeneio wrote to President...

Kuwait projects record deficit on falling oil income

OPEC member Kuwait projected a record budget deficit for the fiscal year starting April 1 on the sliding price of oil, the finance ministry...