The crude prices in India have skyrocketed in recent weeks putting common man in a tremendous pressure.

Iran’s Rouhani inaugurates two major oil projects with an investment of $2.7 billion.

Officials say the country is on the verge of catastrophe as only 11 out of 2,000 gas stations are working.

Nearly two dozen petrol ships belonging to the Yemeni Petroleum Company were impounded by Saudi Arabia in 2020.

In June 2017 Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade, and travel ties with Qatar, a tiny, yet gas-rich country in the Persian Gulf. The anti-Qatar quartet accused Doha of funding terrorism and fostering instability in the region.

A Yemeni official says Saudi Arabia is detaining 22 ships carrying fuel and food at the kingdom’s Jizan port.

An Iranian firm is contracted to manufacture micro-combined heat and power systems.

Iranian officials oversee signing of major deals for production of 700,000 tons of petcoke each year.

A Yemeni maritime official says the Saudi-led military coalition has impounded 13 ships carrying fuel and food destined for Yemen in Saudi Arabia’s port of Jizan.

Iran’s launch of the Persian Gulf Star refinery raised Iran’s refinery’s output to 45 liters of Euro 5 petrol daily.