The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company is able and willing to undertake drilling operations and subsidiary services overseas, says the managing…
Energy
China National Petroleum Corporation has replaced France's Total in the South Pars gas project, Oil Minister Bijan Namdar Zanganeh said. "Total has been replaced by CNPC in Phase 11 of South…
Competent companies can and must play their role in developing oil and gas projects, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said.
Brent Crude is expected to average $75.50 a barrel next year, according to an S&P Global Platts survey of 11 top banks and oil brokers, who see OPEC cutting oil production by at least 1…
Turkey’s foreign minister objected to the Trump administration’s demand that it slash imports of Iranian petroleum products in six months, arguing that the time frame is too tight given his…
A 42 megawatt gas power plant in Zahedan, capital of Sistan and Baluchestan Province, started operations on Thursday in the presence of the Energy Minister Reza Ardakanian.
Costing…
Natural gas production in the giant South Pars Gas Field in the Persian Gulf will increase by 84 million cubic meters per day by March, the managing director of Pars Oil and Gas Company said. "…
OPEC is showing no public signs of panicking to the largest weekly plunge in oil prices since 2016, with five senior sources telling S&P Global Platts that the organization has not discussed…
After completion of the first phase of the plan to collect associated petroleum gases in the Forouzan Oilfield in the Persian Gulf by the end of the current fiscal (March 209), an estimated 15…
Oil bounced by around $1 a barrel on Wednesday to claw back some of the previous day’s 6% plunge, lifted by a report of an unexpected decline in US commercial crude inventories and record Indian…
The nationwide project to overhaul thermal power plants and improve power output is on track and has registered a work-in-progress rate of 37% since August.
China National Petroleum Corporation is deferring its decision on the development of Iran's giant South Pars Gas Field Phase 11in the Persian Gulf as it has not started any operations yet, the…
The National Iranian Oil Products Distribution Company has announced that car and motorcycle owners henceforth (date to be announced very soon) must have their own fuel cards to be able to fill…
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.…
Construction of four plants with 6-million-ton annual production is scheduled to commence soon in Qeshm, the largest island in the Persian Gulf. Former chief executive officer of the National…
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…
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…
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. Front-month…
Gas supply to the 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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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…
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…
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…
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…
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…
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.
