Ariassol Polymer Company was introduced as an innovative knowledge-based company by the Vice President of Science and Technology.
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Referring to the fact that 7 Iranian oil fields are currently being developed by Russian companies, the CEO of Iran's National Oil Company said: "In the development of these fields, the maximum capacity of Iran's domestic companies is used."
The CEO of National Iranian Oil Company said: "In the light of digital transformation and intelligentization, we will establish the control center of hydrocarbon fields for 15 oil and gas fields, and the memorandum was signed."
Iran’s Oil Ministry is the leading supporter of knowledge-based companies and first-time production, said the government spokesman.
Energy giant Saudi Arabian Oil Co. has established a set of standards and measures to reduce the risks of metal corrosion as the company employs cutting-edge technologies to ensure safety protocols, a top official said.
The European Union is considering toughening up the sanction enforcement on evaders of the price cap on Russian oil, almost none of which now trades below the ceiling of $60 per barrel, the Financial Times reported on Tuesday.
India, the world's third largest oil consumer, has asked oil producers cartel OPEC to maintain and ensure market stability for the benefit of consumres, producers and global economy.
Western Canada’s crude oil industry is preparing to embrace global markets, a turn that could leave the U.S. industry fighting for supply in 2024.
Iran produced 3.115 million barrels per day (bpd) of crude oil in October, registering a 46,000-bpd increase compared to the previous month, according to OPEC’s latest monthly report.
Oil prices were climbing upwards midday Monday, with Brent crude gaining over 1.6% after the market digested an OPEC report suggesting demand in the U.S. and China is not lowering to the point of concern.
Implementation of new projects in southern Iran has added some 30,000 barrels a day (b/d) to Iran’s oil production, according to an official with the knowledge of the matter.
Bushehr Petrochemical Complex with the prospect of being the largest petrochemical complex in the region for the production of olefinic, polyolefinic, methanol, sulfur, ethylene glycols and acid products is being completed and operated.
The Spokesperson of the Iranian Energy Ministry’s electricity sector has said that the necessary preparations have been made for the construction of renewable power plants with a total capacity of 6,900 megawatts (MW) across the country, IRNA reported.
India's state-run Oil and Natural Gas Corporation (ONGC) could finally see first oil production from a $5-billion deepwater project in November, three years after the initial timeline.
Japanese petrochemical producer Mitsui Chemicals has obtained International Sustainability and Carbon Certification Plus (ISCC Plus) for its bio-naphtha-based toluene diisocyanate (TDI), allowing it to supply the new low-carbon products.
Oil prices wavered on Monday, as renewed concerns over waning demand in the United States and China, coupled with mixed signals from the US Federal Reserve, kept markets uncertain.
OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as it slightly raised its 2023 forecast for global oil demand growth and stuck to its relatively high 2024 prediction.
China’s state-owned oil and gas company, PetroChina is to replace US energy giant Exxon Mobil Corp as the lead contractor for Iraq’s West Qurna 1 oilfield, following a settlement agreement, whereby the latter will finalise its exit from the oilfield, according to a senior Iraqi oil executive.
According to the statistics of the US Department of Energy, the total stolen Iranian oil by this country has reached more than 4 million barrels since 2020 under the pretext of sanctions.
CEO of National Iranian Oil Company announced
The CEO of National Iranian Oil Company announced that the drilling of 35 infield wells in South Pars with a credit of one billion and 170 million dollars has been handed over to four Iranian drilling, exploration and production companies with the aim of increasing productivity and maintaining gas production.