Saudi Aramco plans to nearly double its gas production to 651millon cubic meters per day in the next decade, its chief executive said on Tuesday.
Energy
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Iran's export of crude oil has reached 1.8 million barrels per day, managing director of the National Iranian Oil Company said on Wednesday.
"Iran should pump 2 billion barrels of oil per…
Iran is all set to commence natural gas delivery to Iraq at the border in three weeks, a senior Iranian oil official said.
Amirhossein Zamaninia, the deputy oil minister for …
A senior official of Total said the French company wants to be guaranteed of business continuity and safe investment in Iran in the face of western sanctions that can be snapped back into place.…
The Institute for International Energy Studies, a subsidiary of Iran’s Oil Ministry, and the Korea Energy Economic Institute have signed a memorandum of understanding on expanding bilateral energy…
Some 40 million liters of diesel and kerosene were exported from Mazandaran Province in northern Iran to Afghanistan and Iraq in the current Iranian year (ending March 19), National Iranian Oil…
Fears of slowing oil demand, a global crude glut and Middle East woes spooked the market at the beginning of the year, but now, a change of heart could guide oil to $50, according to a strategist…
Royal Dutch Shell has paid €1.77 billion ($1.9 billion) it owed the National Iranian Oil Company, settling debts after sanctions against the country were lifted in January.
The outstanding…
Global oil traders have entered into rare barter deals with the National Iranian Oil Company, supplying Iran with much-needed gasoline in exchange for high-quality fuel oil, after most…
New estimates by the National Iranian Oil Company show Iran can produce as much as 70,000 barrels a day of crude oil from South Pars field in the Persian Gulf.
"The development of South…
China, the world’s biggest energy user, increased inbound crude shipments in February by 19% from the previous month to 31.8 million tons, according to data from the Beijing-based General…
Tehran and Bratislava explored grounds for cooperation in the energy sector, including the prospect of Slovakia purchasing Iran’s crude oil in the near future.
“Slovakia is interested in…
Iran and Ukraine can expand their cooperation not only in renovating aging power plants but also in implementing power grid voltage enhancement projects, Iran's energy minister said.
Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year’s lows on an improving global outlook and stronger sentiment for…
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.
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.
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