WTI crude oil prices are stabilizing near $73.67, maintaining upward momentum following a five-session rally. Boosted by colder weather in the Northern Hemisphere and China’s fiscal stimulus efforts, ...
Baghdad (IraqiNews.com) – The Prime Minister’s Office (PMO) revealed recently that the Iraqi cabinet approved a $4.5 billion initiative to build the Basra-Haditha oil pipeline. The planned ...
3. A downward pressure on international oil prices is negative for India due to its extremely high dependence on oil imports. — The current drop in global crude oil prices has resulted in India’s oil ...
The project, estimated to cost 5.97 trillion Iraqi dinars ($4.56 billion), will be developed by the state-backed Basra Oil Company and Oil Projects Company and funded under the Iraq-China agreement.
Indian Oil Corp, the country's largest refiner ... The purchase was in addition to 2 million barrels of Basra Light crude to be delivered in the same month. Essar Projects, a leading EPC (Engineering ...