RoydadNaft – The United Kingdom exported $40 million worth of non-oil products to Iran in the seven months of 2023, showing a 14-percent growth compared…
BREAKING NEWS Feed Atom
RoydadNaft – Canada contributed just 0.7% of the global amount of gas flaring despite being the world’s fourth-largest oil producer.
This Fact Sheet analyzes the…
An OPEC+ ministerial panel that met on Wednesday made no changes to the group's oil output policy, after Saudi Arabia and Russia said they would keep voluntary supply cuts in place to support the market.
Indian oil refining giant Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) on Wednesday, as it makes a big push on clean energy.
Oil fell on Wednesday, as pledges by Saudi Arabia and Russia to continue crude output cuts to the end of 2023 were offset by demand fears stemming from macroeconomic headwinds.
Iran’s nuclear chief says the recently expelled International Atomic Energy Agency (IAEA) inspectors were from the three European countries that repeatedly took hostile political positions against Tehran.
Iranian First Vice President Mohammad Mokhber says a comprehensive plan for the construction of solar power plants to generate 15 gigawatts of electricity has been finalized.
The Secretary of Iran’s Free Zones High Council announced that the Baneh-Marivan Free Zone located on the border with Iraq’s Kurdistan Region is going to be opened in the coming weeks.
Iran’s oil minister said on Wednesday that three oil and one gas fields have been discovered since the 13th administration took office two years ago.
Top oil exporter Saudi Arabia may raise the price for its flagship Arab Light crude to Asia for a fifth straight month in November, underpinned by its prolonged voluntary output cut and resilient oil demand in the region.
Russia is setting no time frame for the fuel export ban it introduced last month, and it will remain in place as long as necessary to stabilise prices and address shortages on the domestic market, Interfax cited Deputy Prime Minister Alexander Novak as saying.
India has invited French oil major TotalEnergies to bid for oil exploration rights in the country, as the world's third-biggest oil importer and consumer seeks to reduce its dependence on costly imports.
Canadian investment firm Brookfield is buying the renewable energy division of Banks Group, the UK-based firm, whose businesses also include mining and transport, said on Tuesday.
Oil prices stabilised on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, a darkening global macroeconomic outlook and mixed supply signals.
As announced by an official with Iran’s Thermal Power Plant Holding (TPPH), the overhaul operation of the country’s thermal power plants has been started.
The Islamic Republic of Iran has managed to push its oil output to 3.15 million barrels per day (bpd), the highest since 2018, the year Washington re-imposed sanctions on Iran, according to Reuters surveys and separate figures from OPEC.
Iran’s oil minister on Monday said about $20 billion have been invested since the 13th administration took office two years ago to implement upstream and downstream projects.
The deputy CEO of the National Iranian Oil Company (NIOC) for supervising oil and gas production at joint fields put the average daily crude oil produced from each oil well in the country at 1,550.
The head of the Iranian Plan and Budget Organization (PBO) said that the government throws its weight behind the exporters of technical and engineering services.
An expert in international relations has described the rapprochement between Iran and Saudi Arabia as a positive step toward promoting cooperation.