OPEC’s oil production in September rose by 90,000 bpd from August to 32.85 million bpd—the highest level so far this year, but a plunge in Iranian production partly offset higher production in…
Energy
Denying reports about curbing oil output, Ali Kardor the CEO of the National Iranian Oil Company says Iran has no plans to cut production and NIOC is pumping as before.
Petroleum Engineering and Development Co. (PEDEC), a subsidiary of the National Iranian Oil Company, Petro Omid Asia Company and Omid Investment Management Group signed a contract on Sunday to…
Close to 2.57 billion kilowatt hours of electricity was generated from alternative energy sources over nine years curbing both water and fossil fuel consumption.
Iraq plans to increase the production and exports of light crude oil to 1 million barrels per day in 2019, as part of its strategy to boost state revenue, its oil minister Jabar al-Luaibi said…
Japan's crude oil imports from Iran jumped 65% year on year in August, marking the fourth consecutive month of increase, according to government trade data released Thursday.
According…
Iraq has begun producing gas from the Nasiriya oilfield in the south of the country at a rate of 1.4 million cubic meters a day, Oil Minister Jabbar al-Luaibi said in a statement on Saturday.
Close to 60% of plants that receive feedstock from petrochemical units have shut down and the rest are working at 30% capacity due to lack of raw materials, a board member of the Iran National…
China has hiked its 2019 crude oil import quota for “non-state trade”, generally meaning independent refiners, by 42% to 202 million tons, as two private companies prepare to launch commercial…
The amount of energy wasted on the way to reach the consumers in the country equates to the energy released by burning almost 500 million barrels of crude oil, a noticeably prohibitive volume,…
Director of supply and distribution at the National Iranian Oil Products Distribution Company has announced that Euro-4 gasoline and diesel sales have increased by 22% and 6% respectively in the…
Head of the National Iranian Gas Export Company said cooperation with Oman is developing slowly due to legal issues rooted in stringent regulations in both countries.
Mehran Amir-Moeini…
Promoting judicious water consumption is no more workable in tackling the worsening water crisis, nor costly methods such as cloud seeding can help, says a water expert.
Esmail Shahbazi…
Russia’s oil production averaged 11.3 million bpd between September 1 and 27, up by more than 130,000 bpd compared to August and on course to set a new record-high in the post-Soviet era.
China’s Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a US ban on Iranian oil from November…
The mounting US pressure notwithstanding, Indian private petrochemical firms want to continue their trade and business with Iran’s petrochemical sector.
Water and power projects in several towns in Semnan Province were inaugurated by Energy Minister Reza Ardakanian on Thursday.
One of the projects was the first solar power plant in the…
Topsides of 13B main platform and 13D satellite platform of the South Pars Gas Field were loaded at Iran Marine Industrial Company (also known as SADRA) in the northwest of Persian Gulf.
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Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes could undermine…
India is committed to buying Iranian oil and continuing the bilateral economic cooperation, the foreign minister said Thursday after a meeting with his Indian counterpart and ahead of US…
The domestic petrochemical industry is well placed in the global market and plans to expand, said the director of planning and development at the state-run National Petrochemical Company.
Turkey will continue to purchase Iran's natural gas, despite the US sanctions on Tehran, President Recep Tayyip Erdogan noted while in New York attending the annual United Nations General…
The unprecedented decline in precipitation during the past water year (Sept. 23, 2017-Sept. 22, 2018) and years of drought have caused a steep decline in the water stored in hydroelectric dams…
Oil prices hit their highest since November 2014 on Tuesday, topping four-year highs from the previous day, as looming U.S. sanctions against Iran and reluctance by the Organization of the…
Energy trader Vitol will stop doing business with Iran after the US re-imposes sanctions on Tehran’s oil trade from November 4, a senior company executive said on Tuesday.
