The Monte Toledo oil tanker covered the unperturbed voyage from Iran to Europe with a haul of 1 million barrels of crude in just 17 days, a journey that has been in the making for four years.
Energy
Indonesia's OPEC governor said on Monday a deal was imminent for importing Iranian condensates and liquefied petroleum gas, but not for crude oil.
Iran is still facing hurdles to provide maritime insurance for its tanker fleet, but the difficulties are "almost settled" on the back of months-long efforts of National Iranian Tanker Company and…
National Petrochemical Company's export volume experienced a 26% rise compared with the corresponding period of last year, NPC's coordination and supervision director said.
“More…
Total has signed a memorandum of understanding with the Research Institute of Petroleum Industry, a subsidiary of Iran's Oil Ministry, which is the French company's second deal with Iran after the…
Ukrainian oil and gas companies can succeed in implementing Iranian projects if they finance them through their banking system, Iran's oil minister said.
The UAE foresees a “correction” in crude prices by the end of the year, and the OPEC member has yet to receive an invitation to a possible meeting of oil-producing nations seeking to rein in a…
Work on a pipeline carrying oil from northern Iraq to Turkey should be complete "in a day or two", an industry source based in the Kurdistan region said on Sunday, with the outage now in its third…
Iran is likely to dispatch its Central Bank Vice Governor Gholamali Kamyab to India this month after the Persian Gulf nation's efforts to get nearly $6 billion of past oil dues from refiners like…
Azerbaijan state energy company SOCAR supports proposals made by other oil producers to freeze oil production at January levels, SOCAR President Rovnag Abdullayev told ANS TV on Sunday. "SOCAR…
National Iranian Drilling Company is in negotiations with domestic and international firms to raise $200 million in investment to expand its fleet of rigs, executive director of NIDC said.
…
Petrochemical Research and Technology Company and Iran Standard and Industrial Research Institute have signed an agreement to accelerate research and development as well as quality assurance in…
Gasoline import to the country will halt as soon as new gasoline refining projects go on stream in the next Iranian year (starting March 20, 2016), managing director of the National Iranian Oil…
The relentless idling of US oil and gas rigs is approaching a historical low as shale drillers struggle to stay afloat in a deepening downturn.
A price crash caused by a global oversupply…
Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is "not a realistic one," Saudi Foreign Minister Adel al-Jubeir said on…
“Made in Germany” should mean money for companies tapping into Iran’s underdeveloped but potentially enormous solar market, according to a government-commissioned report.
With economic…
Power consumption during the peak hours is projected to increase by 3,000 megawatts in the summer of the next Iranian year (starting March 20, 2016), deputy head for grid planning and development…
US monthly crude oil exports fell to an average 364,000 barrels a day in January, the first full month of unfettered shipments since the nation repealed its 40-year-old trade restrictions on the…
Over the next 12 months, 650 gas stations will be added to Iran’s current 3,450 stations, the head of Iran Gas Station Owners Union said.
“In addition, 65 stations will go on stream in mid-…
Sanctions cut Iranian crude exports from around 2.5 million bpd before 2011 to just over 1 million bpd in recent years.
However, Iranian officials have unusually included the sales of gas…
Iran's Petrochemical Commercial Company is considering plans to reopen its representative office in South Korea's capital Seoul in the near future, the company's chief executive said on Saturday…
Pakistan is considering the resumption of crude oil import from Iran via land route following the removal of international sanctions.
Oil is pulling away from the market’s biggest storm in seven years.
A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy eases amid a…
Iran, OPEC's No. 3 producer, is expected to raise its oil exports in March to around 1.65 million barrels per day from 1.5 million bpd a month earlier on the back of higher crude shipments to…
Some members of OPEC plan to meet other oil producers in Russia around March 20 for new talks on an oil output freeze, Nigeria's petroleum minister said on Thursday, forecasting the meeting would…
