- Sat. Mar 25th, 2023
Iraq halts northern crude exports after winning arbitration case against Turkey
Iraq halted 450,000 barrels per day (bpd) of crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official told Reuters, after the country won…
Chad nationalizes all assets owned by Exxon Mobil
The nationalization of Exxon Mobil’s assets in Chad comes after the oil giants divested from them in December 2022, media have reported. Chad has nationalized all the assets and rights,…
Average daily gasoline consumption rises 11% in a year
Average daily gasoline consumption in Iran rose 11 percent in the past Iranian calendar year 1401 (ended on March 20), according to the managing director of the National Iranian Oil…
A new record high to be hit in Iran’s oil export this year: Oji
Iranian Oil Minister Javad Oji said that a new record high will be reached in the country’s oil export in the current Iranian calendar year 1402 (began on March 21).…
World gas needs $10.53tn by 2050
The Iranian Ministry of Petroleum’s Directorate of OPEC & Int’l Energy Fora has analyzed the latest edition of the Gas Exporting Countries Forum (GECF)’s 2050 Global Gas Outlook. Investment in…
Iran’s Zagros Petrochemical Company among world’s largest methanol producers
Zagros Petrochemical Company in southern Iran is among the five largest methanol producers of the world. Having an annual production capacity of 3.3 million tons, the company is playing a…
Oil slides amid concerns over health of banking sector
Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years,…
European Industry Boosts Natural Gas Consumption As Prices Drop
As natural gas prices in Europe fell to a 20-month low, industries are switching back to using gas in a tentative sign that European industrial gas demand is rising. The…
NIDC digs 99 oil, gas wells in a year
National Iranian Drilling Company (NIDC) dug and completed the digging operation of 99 oil and gas wells during the past Iranian calendar year 1401 (ended on March 20), an official…
Iran excelling in conventional, unconventional fields study
Experts at Research Institute of Petroleum Industry (RIPI), which is the main center of research and exploration for gas hydrates in Iran, say that each cubic meter of gas hydrate…