The government has decided not to increase the Petroleum Development Levy (PDL) despite rising oil prices caused by tensions in the Middle East. Instead, the extra cost will be passed directly to ...

The Strait of Hormuz is considered the world's most important gateway for oil transport. Hostilities between Iran and Israel ...

Qatar, among the world's biggest liquefied natural gas exporters, sends almost all of its LNG through the strait. Iran has ...

By Maha El Dahan and Stine Jacobsen DUBAI/COPENHAGEN (Reuters) -Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict ...

A major investment project for the construction of a full-cycle steel plant is underway in the Jibek Joly Special Economic ...

BAKU, Azerbaijan, June 17. The next court session on the criminal case of Ruben Vardanyan, a citizen of Armenia, accused ...