Oil major Shell (SHEL.L), has withdrawn from talks on building a petrochemicals plant in the southern oil hub of Basra, Iraq’s oil ministry said on Tuesday. Shell in a separate statement confirmed, it was leaving the project.A statement from Iraq’s oil ministry said Shell would not continue discussions with the …

Two explosions along Iran’s main south-north gas pipeline network on Wednesday were caused by sabotage, the Iranian oil minister told state TV, without naming any suspects. Authorities also denied reports that the incident caused gas cuts to industries and offices in some provinces, state media reported. “This terrorist act of …

Militants from the Islamic State group attacked military barracks in central Syria this week, killing nine soldiers, an opposition war monitor said. The Syrian army and officials have not confirmed the attack. IS claimed responsibility for the attack on Monday near the town of Al-Sukhna, saying its fighters also seized …