Iranian Oil Minister Javad Owji held talks with Venezuela’s high-ranking officials on bilateral relations and ongoing projects in Caracas.
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Brent crude futures settled at $77.33 a barrel, shedding $1.37, or 1.7%. U.S. West Texas Intermediate crude futures settled at $72.28 a barrel, falling $1.54, or 2%.
Iranian Energy Minister Ali-Akbar Mehrabian said Iranian contractors are currently implementing water and electricity projects in 50 different countries across the globe, IRNA reported.
The loading and unloading of oil products in the ports of Iran increased by four percent in the first ten months of the present Iranian calendar year, as compared to the same period in the past year, the country’s Ports and Maritime Organization (PMO) announced.
Iran asserts that the U.S. threat to re-impose sanctions on Venezuela’s oil industry is illegal under international law and the UN Charter.
Iran might be a superpower when it comes to the oil and fossil fuel industry but in terms of hydrogen fuel and other cleaner sources of energy, the country is struggling.
The U.S. Department of Justice (DOJ) on Friday announced terrorism and sanctions-evasion charges and seizures linked to a billion-dollar oil trafficking network that it claims finances Iran’s elite Islamic Revolutionary Guard Corps (IRGC).
A specialized working group was formed by the order of Oil Minister Javad Owji to redress energy imbalance.
India has proposed to supply liquefied natural gas (LNG) to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power plants, Sri Lanka's Energy Minister said on Thursday.
Canada's main stock index rose on Thursday as encouraging U.S. manufacturing data helped revive investor optimism after markets were spooked in the previous session by the Federal Reserve's interest rate guidance.
Brent crude futures were up 50 cents, or 0.6%, at $79.20 a barrel by 1001 GMT and U.S. West Texas Intermediate crude futures gained 47 cents, or 0.6%, to $79.20.
The head of Iran’s National Petrochemical Company (NPC) has said 95 percent of the catalysts used in the country’s oil industry are produced by domestic companies, Mehr News Agency reported.
Iran’s President Seyyed Ebrahim Raeisi said on Thursday the completion of downstream industry and value chain enhances raw materials with added value.
The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday.
Brent crude futures were up 68 cents at $81.23 a barrel by 1140 GMT. U.S. West Texas Intermediate crude futures gained 65 cents to $76.50.
Iranian Foreign Ministry spokesman Nasser Kanaani on Wednesday reacted to the joint statement of Saudi Arabia and Kuwait on the joint Arash gas field following a visit by the Kuwaiti emir to Riyadh.
Iranian Oil Minister Javad Owji departed for the Venezuelan capital Caracas on Wednesday.
Iran’s President Seyyed Ebrahim Raeisi on Wednesday assigned the oil and energy minister to form specialized working groups to redress energy imbalance.
The National Productivity Organization of Iran head said the country looks to the oil industry – the industry of work and efforts – for economic growth.
A member of Iran’s Parliament on Wednesday described the Oil Ministry’s performance in the energy diplomacy as “successful” and “transformational”.