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November 20,2018
Oman, a Persian Gulf producer with 1 million bpd of oil production and not a member of OPEC, is integrating two of its government-owned companies to create one large refining and trading firm.
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November 20,2018
Development of the West Karoun oilfields and the South Pars gas field are high on the agenda of the National Iranian Oil Company to help counter the new US sanctions, the newly appointed managing...
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November 19,2018
Crude oil production from the offshore Kharg Oilfields in the Persian Gulf increased by 2 million barrels in the first six months of the current fiscal (started in March) compared to the...
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November 19,2018
Gas supply to Iran's West Azarbaijan Province has been expedited and 62% of its small towns and villages are now connected to the national gas grid, managing director of the West Azarbaijan Gas...
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November 19,2018
Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from US sanctions on Tehran, sources familiar with the matter said.
The unexpected...
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November 19,2018
Oil prices rose by around 1% on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward the yearend.
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November 19,2018
Talks are underway with Oman for exporting gas to the Arab nation, managing director the National Iranian Gas Export Company said Sunday.
Mehran Amir-Moeini said in the past weeks constructive...
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November 18,2018
Bidboland Gas Refinery, one of the projects to help feed petrochemical industries in southern Iran, has made 90% progress and will go on stream next September.
Located in the southwestern...
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November 18,2018
Iraq has restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, industry sources said on Friday after a new...
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November 18,2018
The policy of subsidizing gasoline is visibly not sustainable nor is it compatible with national interest as it has resulted, among other things, in encouraging border dwellers to smuggle fuel,...
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November 17,2018
The Indian government is eyeing proceeds of more than $2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Indian Oil Corp, and Oil India Ltd...
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November 17,2018
Iran's Ambassador to Havana Kambiz Sheikh Hassani and Cuba’s Minister of Energy and Mines Raul Garcia Barreiro met Friday to explore expansion of bilateral energy ties between.
Sheikh Hassani...
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November 17,2018
Japanese refiners are considering resuming Iranian oil imports from January following Washington's recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty...
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November 17,2018
Tabriz, the capital of East Azarbaijan Province in Iran’s northwest, is witnessing a much-awaited development in the expansion of its electricity infrastructure.
“Electricity is a key component of...
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November 17,2018
Hamid Hosseini, a board member of Iranian Oil, Gas and Petrochemical Products Exporters’ Association, has denied a report by Reuters claiming that Tehran has accepted to buy Iraqi food products in...
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November 17,2018
Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off.
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November 16,2018
Taiwan's Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions.
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November 16,2018
Oil prices rose on Friday amid expectations of supply cuts from OPEC.
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November 16,2018
Bolstered by a steep decline in the value of rial, gasoline and diesel smuggling business has shot up by 50% in underdeveloped Sistan-Baluchestan Province.
Close to 20 million liters of gasoline...
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November 16,2018
Iraq has restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, industry sources said on Friday after a new...
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November 16,2018
President Vladimir Putin said he discussed the price of oil with US counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russia is happy with current prices.
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November 16,2018
Of the 7.5 billion cubic meters of water consumed in the country, 4.3 billon of wastewater is produced annually which, if treated, can make up for the rising deficit in the water resources, the...
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November 16,2018
Petrochemical production in the first seven months of the current fiscal (March 21- Oct. 22) reached 32 million tons, the National Petrochemical Company said in a report.
Of the total output, 12.6...
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November 14,2018
US shale may be the darling of the oil industry now, but the boom is not going to last, according to the International Energy Agency.
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November 14,2018
Iran pumped around 3.29 million barrels per day in October, down from 3.45 million bpd in September, OPEC data shows.
According to OPEC secondary sources, Iran's average crude output in Q3 was 3...