BREAKING NEWS Feed Atom

Iranian, Syrian economy ministers discuss implementing reached agreements

2 years ago

16 October 2023

2:07 PM

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi said he has held talks with his Syrian counterpart on the sidelines of the annual meeting of the International Monetary Fund (IMF) in Marrakech, to discuss the implementation of the agreements reached between the two countries during President Ebrahim Raisi’s visit to Damascus.

Iran voices readiness for further energy cooperation ahead of first VP Belarus visit

2 years ago

16 October 2023

2:02 PM

Oil Minister Javad Owji on Monday expressed Iran’s readiness to promote cooperation with Belarus in the oil, gas, and petrochemical sectors.

Iran’s annual petrochemical output to reach around 78 million tons: NPC chief

2 years ago

16 October 2023

2:01 PM

RoydadNaft – Iran’s petrochemical production will reach around 78 million tons by the end of the current Iranian calendar year (March 19, 2024), said the…

Russia-China energy cooperation in focus as Putin visits Xi

2 years ago

15 October 2023

1:13 PM

Since the start of the Ukrainian conflict, Russia, a leading global oil producer, has cemented its energy ties with China, the world's No. 2 oil consumer after the United States.

Turkmenistan Eyes Lucrative Gas Deal With Iraq

2 years ago

15 October 2023

1:02 PM

Turkmenistan is in discussions to export up to 10 billion cubic meters of gas to Iraq in a three-way swap deal involving Iran. Efforts are ongoing to advance the trans-Afghanistan TAPI gas pipeline, with Pakistan keen on deepening energy cooperation. Domestically, Turkmenistan continues to invest in the development of Arkadag city and is planning significant health infrastructure in Ashgabat.

All Eyes On Iran For Security Of Oil Supply

2 years ago

15 October 2023

12:54 PM

The Strait of Hormuz, in Iranian waters, is one of the biggest oil chokepoints in the world. Iran's Foreign Minister, Hossein Amir-Abdollahian, said this week that "other fronts" might open in the Israel-Hamas war. Saudi Arabia, which has been recently working on a deal to build diplomatic relations with Israel, has refrained from taking a side.

Iran, Saudi Arabia seek expansion of trade ties

2 years ago

15 October 2023

12:48 PM

Head of Iran Chamber of Guilds Mojtaba Safaei hosted a meeting with Abdullah bin Saud al-Anzi, Saudi Arabia’s new Ambassador to Tehran, on Saturday evening, in which the officials discussed ways of expanding trade relations between the two countries.

IEA, OPEC predictions of 2024 oil demand growth diverge further

2 years ago

15 October 2023

12:45 PM

The gap between two leading oil forecasters' views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA) predicting a sharper slowdown while producer group OPEC stuck to expectations for buoyant China-led growth.

Lawmaker: Iran-Russia oil cooperation helps boost output, exports

2 years ago

15 October 2023

12:42 PM

Cooperation between Iran and Russia in the oil sector results in increasing production and exports, said a member of Iran’s Parliament on Sunday.

Investment in petchem value chain neglected in last 2 decades: Oji

2 years ago

14 October 2023

2:10 PM

Iranian Oil Minister Javad Oji has said investment in the petrochemical industry’s value chain has been neglected over the past two decades while such investment is very low-risk and high-yielding, the Petrochemical Industry’s News Agency (NIPNA) reported.

Over $200b of pending investment exist in Iran’s oil industry: ICCIMA

2 years ago

14 October 2023

2:07 PM

Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has said there is more than $200 billion of pending investment in the country’s oil industry, the ICCIMA portal reported.

Russia is Iran’s strategic partner in energy sector: MP

2 years ago

14 October 2023

2:05 PM

Russia is the strategic partner of Iran in the energy sector, said an Iranian lawmaker on Saturday.

Saudi energy minister: We need to be ‘proactive’ on oil market

2 years ago

14 October 2023

2:03 PM

Saudi Energy Minister Prince Abdulaziz bin Salman said in a Russian TV interview that it was necessary to be "proactive" on the oil market and attempt to bring stability to it, while adding that oil producers do not target prices.

OPEC’s September report: Production surges with Iran’s output surpassing 3m bpd

2 years ago

14 October 2023

2:01 PM

OPEC’s crude oil production witnessed a noticeable uptick in September as compared to August, as per the latest data released in the Monthly Oil Market Report (MOMR) published by the organization.

Canada’s top court backs Alberta challenge to Trudeau environment law

2 years ago

14 October 2023

1:59 PM

RoydadNaft – Canada’s Supreme Court dealt a blow to Prime Minister Justin Trudeau’s government on Friday by ruling that a federal law assessing how major…

No gas finds after drilling at Lebanon’s offshore Block 9, source says

2 years ago

14 October 2023

1:56 PM

No hydrocarbon finds were made after exploratory drilling operations at Lebanon's offshore Block 9, two sources with direct knowledge of the matter told Reuters on Friday.

Russia proposed oil supplies to Azerbaijan via the Baku-Tikhoretsk pipeline

2 years ago

14 October 2023

1:53 PM

Moscow and Baku are discussing the possibility of Russian oil supplies to Azerbaijan via the Baku-Tikhoretsk oil pipeline in reverse mode, the Russian government announced late on Thursday.

India to push developed nations to become ‘carbon negative’ before 2050 -sources

2 years ago

14 October 2023

1:49 PM

RoydadNaft – India wants to push developed nations to become carbon negative rather than carbon neutral by 2050, arguing that would allow emerging market economies…

India’s Methane Emissions Challenge: Addressing The Data Gap In The Oil & Gas Sector

2 years ago

13 October 2023

12:55 PM

RoydadNaft – In the oil and gas sector, a few large emissions have a disproportionate contribution to total emissions. The challenge lies in identifying the…

Canada regulator to make preliminary decision on Trans Mountain expansion tolls

2 years ago

13 October 2023

12:50 PM

The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp's proposed shipping tolls for its oil pipeline expansion project this autumn, before holding a hearing on the tolls next year.