Brazil's Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its ...

Saudi Arabia’s economy is categorised as high-income by the World Bank and is the only Arab country in the G20. It ranks high ...

In the list , Pakistan ranks 36th among the world's cheapest petrol markets, with fuel prices lower than India, which stands ...

The East Baghdad field, one of the important oil fields in Iraq, recently had a discovery that increased its reserves to 15 billion barrels.

The Organisation of Petroleum Exporting Countries (Opec) was founded in Baghdad, Iraq, on September 14, 1960. Its founding member countries are ...

MOSCOW. Jan 30 (Interfax) - Russia increased its recoverable commercial (AB1C1 category) liquid hydrocarbon (oil and condensate) reserves by 592 million tonnes and natural gas reserves by 708 billion ...

Pertamina Hulu Energi (PHE), the upstream unit of state-owned oil and gas giant Pertamina, is mulling over a plan to operate ...

Iraq sits atop vast oil reserves but fails to fully exploit them, a former oil minister said Wednesday, criticizing the ...

The Energy Minister John Jinapor has served notice of cancelling the inherited gold for oil programme instituted by the erstwhile administration.

Globally, the average price of gasoline around the world is 1.25 U.S. Dollars (1941.46 Naira) per litre, with a substantial ...