Oil prices steadied on Monday after several weeks of declines as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying…
ECONOMY Feed Atom
Ilam Petrochemical Company saved Iran $6 million by successfully testing the catalyst made by the Petrochemical Research and Technology Company (PRTC) in its high-density polyethylene unit.
Gas production of the Iranian Offshore Oil Company (IOOC) increased by 30 to 35 million cubic feet per day (mcf/d) by exploiting a project to enhance gas…
President Xi has called on Arab leaders to use yuan in their oil and gas trades with the country, a move that would support China’s goal to…
Figures by the World Bank Group show Iran’s foreign debt was among the lowest in the developing world at a total figure of $10.349 billion reported at…
The Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned six today, December 10 2022.
On this day in…
The CEO of the National Petrochemical Company (NPC) emphasized the importance of sustainable energy supply and production management in the petrochemical industry, saying: “We are trying to…
Iran’s thermal power plants’ electricity generation capacity has reached 73,000 megawatts (MW), an official with the country’s Thermal Power Plants Holding Company (TPPH) announced.
Australia has proposed forcing east coast gas producers to fix their sales contracts based on their cost of production plus an agreed profit margin after a one-year…
Referring to the measures taken in South Pars Gas Field and other fields to increase natural gas output rate, CEO of National Iranian Oil Company said that…
Kazakh President Kassym-Jomart Tokayev has called for improvement of interaction between Iran and the Eurasian Economic Union (EAEU).
Speaking at the Friday Summit of…
As recent events, including threats to energy supply in Europe and uncertainty about commodity prices, have led the majority of oil and gas companies to increase their…
Beijing and Riyadh say they will ‘firmly support each other’s core interests’ during an official visit by President Xi Jinping to the kingdom.
Saudi…
After a bumper year of share buybacks and dividends, investors in debt-light Canadian oil and gas producers are set to reward shareholders even more in 2023 as…
Six European Union countries, including Germany and the Netherlands, have warned that they cannot accept other member states’ attempts to lower further the level at which the…
China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor refining margins even though the effective prices refiners pay…
The Ministry of Oil in its latest report announced that the country’s export value of petrochemicals in the first seven months (Mar. 21-Oct. 22) registered about a…
Moscow is considering three possible options to respond to the introduction of a price cap on Russian oil by the EU and G7, a Russian newspaper reported.
Media sources on Tuesday reported that an Iranian tanker carrying about 2 million barrels of ultra-light oil arrived this week in Venezuelan waters.
Venezuela…
The CEO of South Pars Gas Complex announced that with the introduction of the cold snap in the country and the decrease in temperature and the consequent…