Zimbabwe’s Ministry of Finance has granted National Project Status (NPS) to the Cabora Bassa Gas Project, recognizing its strategic role in boosting economic growth and energy security. The designation, along with a finalized Petroleum Production Sharing Agreement between the government and developer Invictus Energy, paves the way for accelerated development through tax incentives, streamlined permitting, and priority access to infrastructure.
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China and Russia are negotiating a deal for a massive natural gas pipeline, bolstering energy ties amid India's continued purchase of Russian crude oil amidst Trump's tariffs.
South Korea's Ambassador to Iran, Kim Junpyo, and Iranian Deputy Foreign Minister Hamid Qanbari held a meeting to discuss ways to enhance bilateral relations.
The United States has been unable to stop Iran’s oil sales, Iran’s Parliament speaker said Tuesday.
Iran’s Foreign Ministry spokesman on Tuesday rejected unilateral claims over the Arash gas field and reaffirmed Tehran’s commitment to dialogue with Kuwait to reach a fair and lasting agreement.
Brent crude rose $1.12, or 1.6 percent, to $69.27 a barrel, while U.S. West Texas Intermediate crude rose $1.77, or 2.77 percent, to $65.78 a barrel.
Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official told Reuters, the first known official export of Syrian oil in 14 years.
Bloomberg reported Sunday that India has turned to the spot market to secure shipments of Libyan oil, amid Washington’s efforts to choke off the flow of Russian crude into the country.
Iran’s oil industry aims to bring more than €3.7 billion worth of strategic projects online by the end of this year, focusing on boosting oil and gas production and processing capacity to ensure the country’s energy stability.
The CEO of the National Iranian Oil Company emphasized the necessity of revising overhaul plans and focusing on sustainable and maximum gas production for the winter season.
Brent crude rose 83 cents, or 1.2 percent, to $68.31 a barrel. U.S. West Texas Intermediate crude rose 83 cents, or 1.3 percent, to $64.84.
French oil major TotalEnergies has been awarded an exploration permit for the Nzombo area off the coast of the Republic of Congo, close to its already operational Moho facilities, it said on Monday.
India is not "profiteering" from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country's oil minister, said in the Hindu newspaper on Monday.
Iran plans to raise its refining capacity by 180,000 barrels per day (bpd) by the end of the current Iranian year in March 2026 and bring three major fuel quality projects online, the head of the National Iranian Oil Refining and Distribution Company (NIORDC) said.
Iran Gas Transmission Company stably supplied 260 billion cubic meters of natural gas across the country in the 12-month period from September 2024 to August 2025, the company's managing director announced.
The managing director of Petropars said plans are underway to begin gas production from the second platform of Phase 11 in the South Pars gas field by fall 2027.
President Masoud Pezeshkian on Friday ordered the official launch of two strategic oil ministry projects and 722 industrial projects under the Ministry of Industry, Mining and Trade, state media reported.
Iran plans to expand its renewable energy capacity to 7,000 megawatts by the next Iranian calendar year (begins late March 2026), up from current levels, an energy official said.
plans to increase daily gas production at the South Pars field by more than 15 million cubic meters by year-end through the completion of new infill drilling wells, the Pars Oil and Gas Company said.
The National Iranian Oil Company aims to boost daily gas production to 1.35 billion cubic meters by the end of the country’s Seventh Development Plan (2024-28), the company’s chief said Saturday.
