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January 18,2019China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have... -
January 16,2019Crude oil production from members of OPEC is expected to fall to below 30.73 million barrel per day by the end of this year, the group's lowest monthly output since February 2015, the US Energy... -
January 15,2019Compressed natural gas stations have the capacity to supply 40 million cubic meters of CNG, but at present are operating at half capacity as lesser number of motorists are buying the eco-friendly... -
January 15,2019OPEC plans to publish this week quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force since January 1, an OPEC source told Russian... -
January 14,2019The third round of crude oil sales will be held on Iran Energy Exchange on January 21, a National Iranian Oil Company official said. Saeed Khoshroo, deputy for NIOC international affairs said... -
January 14,2019Selling crude to potential customers is a challenging enterprise when a country is under sanctions, but Iran has found shadow markets that can help it continue to sell oil. Amir-Hossein Zamaninia... -
January 13,2019Notwithstanding mounting US pressure to disrupt Iran’s oil export, Tehran will continue selling natural gas and liquefied petroleum gas to foreign markets, the newly elected head of National... -
January 11,2019Iraq and Iran are exploring ways to develop two shared oilfields despite US efforts to isolate Tehran from global oil markets. Thamir Ghadhban, Iraq’s oil minister, made the statement in Baghdad... -
January 09,2019The oil market is on its way to rebalancing, and the 1.2 million barrels per day in supply cuts by OPEC and its allies will be enough to finish the job in the first half of this year, UAE Energy... -
January 09,2019India has begun paying Iran for oil in rupees, a senior bank official said Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. -
January 09,2019Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when US sanctions on Iran were reimposed, trading and shipping sources said. -
January 08,2019Extended financial constraints in and procrastination by Islamabad notwithstanding, energy officials in Tehran are still hopeful that the long-delayed gas project with Pakistan will eventually see... -
January 07,2019National Iranian Drilling Company has indigenized 5,000 more drilling parts in collaboration with domestic manufacturers and engineers over the past two decades, the head of NIDC's Technology and... -
January 06,2019Subsea pipe laying of the second main pipeline of phases 22-24 of the South Pars Gas Field in the Persian Gulf hve been completed, the three phases’ development manager Farhad Izadjoo said. Now... -
January 05,2019OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show. -
January 05,2019The eight traditional customers that got a waiver from the US to continue importing specific quantities of Iranian oil are fully compliant with the sanctions, Iran's deputy oil minister for trade... -
January 04,2019Households consumed a whopping 480 million cubic meters of natural gas in one day (Thursday) as the cold weather continued to sweep across the country, spokesman of the National Iranian Gas Company... -
January 04,2019The National Iranian South Oil Company will finalize production, maintenance and enhancement contracts by the end of the current fiscal in March and contractors will start work on 14 major... -
January 02,2019If OPEC does not follow through with its commitment to reduce oil production throughout this year, Brent crude prices could struggle to rise, according to J.P. Morgan’s head of Asia Pacific oil and... -
January 01,2019The exploration arm of National Iranian Oil Company has been authorized by the Oil Ministry to start the second phase of studies on unconventional hydrocarbon basins, head of the R&D department... -
December 29,2018The Iranian Oil Pipeline and Telecommunication Company's Tehran office annually supplies over 45 billion liters of crude and petroleum products to the northern provinces, the managing director of... -
December 29,2018Forecasting the future of the oil market is crucial, especially for countries where oil export is the lifeblood of the economy and budgets are constructed, deconstructed and reconstructed depending... -
December 29,2018Kuwait's new oil minister, Khaled Al-Fadhel, has pledged an ongoing commitment to OPEC's production cuts in his first statement to the Kuwait News Agency after being appointed last week. -
December 29,2018Proposals for the development of the second and third phases of Kish gas field, the second largest in the Persian Gulf after South Pars, is being reviewed and the outcome will be announced in due... -
December 28,2018Imports of Iranian crude oil by major buyers in Asia hit their lowest in more than five years in November as US sanctions on Iran’s oil exports took effect last month, government and ship-tracking...
