Israel-Greece-Cyprus sign the agreement for EastMed Gas Pipeline

Israel-Greece-Cyprus sign the agreement for EastMed Gas Pipeline

Athens: Israel, Greece and Cyprus signed a deal to build the ambitious EastMed Gas Pipeline, for supplying fuel directly from Israel to Europe. Israeli Prime Minister Benjamin Netanyahu was present for the meeting held in the Greek capital of Athens, for this purpose. Prime Minister Netanyahu gave a reaction that this agreement is a historic […]

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The US initiates aggressive steps against the Russia-Germany fuel pipeline

The US initiates aggressive steps against the Russia-Germany fuel pipeline

Washington: The ‘Defence Budget’ presented in the US Congress includes the sanctions imposed against the Nord Stream 2 fuel pipeline. This inclusion becomes the boldest decision taken by the United States against the Russia-Germany fuel pipeline project, Nord Stream 2. Although the US Congress has imposed sanctions against the Russian and European companies connected to […]

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Saudi Arabia discovers large quantities of natural gas reserves in Red Sea

Saudi Arabia discovers large quantities of natural gas reserves in Red Sea

Riyadh: Saudi Aramco, Saudi’s leading oil company has discovered large quantities of natural gas reserves in the Red Sea. The Saudi Press Agency confirmed the announcement of Saudi Arabia’s Oil Minister, Khalid al-Falih had made. Two years ago, Saudi Arabia’s Crown Prince Mohammed bin Salman had announced an ambitious project, the Future Megacity Neom worth […]

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Crude oil rates will zoom to $300 per barrel if there is opposition to the OPEC-Russia front; claims Saudi study group

Crude oil rates will zoom to $300 per barrel if there is opposition to the OPEC-Russia front; claims Saudi study group

Riyadh: A study group from Saudi had warned ‘Our analysis shows that back in 2011-2012 when Libya experienced supply disruptions, prices for crude could go to sky-rocket. The same can be repeated in the future. If it were not for the decisions made by Russia and Saudi Arabia as part of OPEC+ cooperation, in 2018, […]

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India to lay natural gas pipeline from Tripura to Chittagong in Bangladesh

India to lay natural gas pipeline from Tripura to Chittagong in Bangladesh

Agartala : Natural Gas Supply to North-Eastern states of India is often disrupted resulting in severe shortage of gas for cooking purpose. Oil and Natural Gas Minister Dharmendra Pradhan said that the Indian Government is proposing a gas pipe line from Bangladesh’s Chittagong to Tripura to mitigate the shortage of cooking gas. Pradhan is soon scheduled […]

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China-Myanmar’s ambitious oil pipeline goes operational

China-Myanmar’s ambitious oil pipeline goes operational

Yangon/Beijing: The ambitious ‘Myanmar-China’ oil pipeline which should reduce the risk for China while importing oil by sea route went operational on Monday. The final agreement on this was signed during Myanmar’s President Htin Kyaw’s visit to China. As sources inform, a few hours after signing the agreement, the  supply of crude oil to the pipeline […]

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US records highest exports of Natural Gas for the first time after 6 decades

US records highest exports of Natural Gas for the first time after 6 decades

Washington: Last year US President Barak Obama had taken a decision, to permit the US companies to export fuel once again. After this, merely within a year US oil and natural gas exports seem to have grown rapidly. According to the November figures, US has achieved success in exporting more than 7 billion cubic feet of […]

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