In line with the government's drive to increase the share of value-added exports, the National Petrochemical Company aims to expand the country's petrochemical production map.
Energy
Abadan Oil Refinery in Khuzestan Province plans to start the production of Euro-4 gasoline from early May, as the aging refinery has been overhauled to improve the quality of petroleum products…
The Organization of Petroleum Exporting Countries and participating non-OPEC countries have achieved a conformity level of 149% in March with their voluntary production adjustments, the highest…
Britain and South Korea are in talks to protect an arrangement of tax breaks for Korean buyers of North Sea crude beyond Britain’s upcoming exit from the European Union, officials from both…
Egypt aims to attract foreign investments in the oil and gas sector to reach about $10 billion in the 2018-19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said. Molla said…
Oil prices dipped on Monday as a rising US rig count implied further increases in output, marking one of the few factors tamping back crude in an otherwise bullish environment.
Brent…
Iran’s defense and oil ministries signed a contract on Monday for transferring natural gas via pipeline from the city of Iranshahr to Chabahar in Sistan-Baluchestan Province.
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The first offshore platform of South Pars Gas Field's Phase 14 in the Persian Gulf will come on stream by late May, the director of the phase said on Sunday.
"The drilling of seven wells…
Bidding in international tenders, expanding foothold in foreign markets and equipping drilling fleet with cutting-edge machinery top the National Iranian Drilling Company's priority list in the…
While $80 oil seemed in the clouds just a year ago, it now looks primed for capture. Technical indicators show that the price Saudi Arabia is said to be aiming for may be within reach, with…
Hengli Petrochemical, a unit of private Chinese chemical giant Hengli Group, has obtained state approval to import 400,000 bpd of crude oil—the largest quota ever handed to a private Chinese…
Oil major Shell has snapped up over 8 million barrels of June-loading crude oil grades from the Middle East and Russia, and resold some of the cargoes in Asia, taking advantage of the strong…
Oman is planning to invite bids for the construction of a subsea natural gas pipeline between Sohar and its neighbor Iran next month, said a report citing the sultanate’s oil minister.
Iran's gasoline production will reach 105 million liters per day by the fiscal yearend (March 2019) upon the completion of its biggest refinery in the southern city of Bandar Abbas, a deputy oil…
Iran plans to build 40 water and wastewater treatment plants in the current fiscal year (started March 21), the planning and development deputy of National Water and Wastewater Engineering…
Iranian petrochemical exports exceeded 22 million tons in the last fiscal year that ended on March 21.
According to Shana, domestic producers exported 22.41 million tons of…
The result of technical studies on Sardar-e Jangal oil and gas field off Gilan Province in the Caspian Sea and on the offshore exploratory blocks of 24, 26 and 29 submitted by Norway's Offshore…
Iran's 57 petrochemical complexes produced nearly 55 million tons of goods in 2017, of which 17.5 million tons, worth $9.2 million, were sold to domestic companies.
Russia’s state-controlled giant Gazprom and Saudi Aramco have agreed to boost cooperation in the gas sector, widening their areas of collaboration in the industry.
Oil prices edged up on Friday, stabilizing after an earlier slide driven by US President Donald Trump’s criticism of OPEC’s role in pushing up global oil prices. Brent crude oil futures gained…
French oil major Total is sticking it out in Venezuela despite a near-economic collapse in the Latin American company, Total’s Chief Executive Officer Patrick Pouyanne said at an oil summit in…
Russia and Iran have launched an oil-for-goods exchange program seeking to eliminate bilateral payments in US dollars and plan to keep it going for five years, the Russian energy minister said.…
Energy Minister Reza Ardakanian said by building dams on Hirmand River, the eastern neighbor Afghanistan has significantly reduced the volume of water entering Iranian territories in Sistan-…
BP has announced that it has signed a memorandum of understanding to explore areas of cooperation with Petroleo Brasileiro S.A. (Petrobras).
India slashed its Iranian oil imports in February to a 1-1/2-year low to keep annual volumes from Tehran near the previous fiscal year's levels and within the limits allowed under a deal…
