Iranian crude oil continues its run into the bull-market territory on the back of a global pact to cut supplies that kicked in on January 1.
Its light crude traded at $53.31 in the week…
Energy
Ali Kardor, the managing director of National Iranian Oil Company, appointed Saeed Khoshrou on Sunday as NIOC's new director for international affairs. Saeed Khoshrou, who previously served as the…
China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said, as the world's largest energy market continues to shift away from dirty…
Saudi Arabia is staying in the battle for market share by continuing to pump the type of oil that is similar to rival US and African supply, while fulfilling its promise to cut output by focusing…
Kuwaiti officials say the OPEC-member country has reduced oil production this month to around 2.707 million barrels per day, in line with the targeted amount under the OPEC output cut agreement…
National Iranian South Oil Company (NISOC) is in talks with Argentinean company Pluspetrol, a leading private exploration and production enterprise in Latin America, to develop and increase the…
Iran is having a hard time raising its footprint in India's petrochemical market as it faces stiff competition from Saudi Arabia and restraining trade regulations by the New Delhi government, a…
In line with plans to boost the supply of petroleum products through pipelines across the country, a new pipeline came on stream in Chabahar, south of Sistan-Baluchestan Province, managing…
The National Iranian Oil Company has filed an appeal with a European court asking to be removed from a list of Iranian companies sanctioned by the EU, NITC's managing director Sirous Kianersi said…
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new…
OPEC's oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria's oil industry and top exporter Saudi…
China's Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior…
Saudi Aramco has started talks with customers globally to discuss possible cuts of 3% to 7% in February crude loadings to comply with OPEC production cuts, four sources with knowledge of the…
Tehran has finalized an agreement worth $2 billion (2.3 trillion won) with South Korea's Daelim Corporation to renovate and expand a refinery in Isfahan Province, head of the National Iranian Oil…
Philippines' state oil company is in negotiations with the National Iranian Oil Company to resume crude imports, said a member of the Philippines National Oil Company (PNOC) board of directors.
Tehran will not backpedal on an agreement with the Turkish energy company Unit International for the construction of seven power plants, Mohsen Tarztalab, the managing director of Iran's Thermal…
Oil Minister Bijan Namdar Zanganeh on Thursday broke ground on a $52 million (2.1 trillion rials) pipeline project to connect Tabriz Petrochemical Company in East Azerbaijan Province to Miandoab…
The National Iranian Gas Company released a statement on Wednesday saying that it will appeal to the International Court of Arbitration (ICA) regarding a dispute with Turkmengaz—the national gas…
Japan’s Inpex Corporation has opened negotiations with the National Iranian Oil Company to develop Azadegan Oilfield in southwestern Iran, the chief executive of Iran's Petroleum Engineering and…
The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Company to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products,…
Global oil and natural gas prices are expected to remain volatile again in 2017, but fluctuate within the $40-60 per barrel range, Moody’s Investors Service said in a press release on Tuesday.
Libya, the holder of Africa’s biggest crude reserves, is ramping up output from its biggest oil field again after two years of internal conflict, the latest reminder of just how vulnerable OPEC’s…
Shale gas deposits have been found in Lorestan Province, about 500 kilometers southwest of Tehran, an official at the National Iranian Oil Company said.
"We are certain of a shale gas…
The Research Institute of Petroleum Industry is planning to cooperate with Delft University of the Netherlands to boost oil recovery rate in Ahvaz Oilfield in the oil-rich Khuzestan Province, said…
Petrochemical facilities in Iran are up and running, an official at the National Petrochemical Company said, stressing that the plants have faced no shortage of feedstock despite the suspension of…
