The development of collaborations between the National Iranian Oil Company (NIOC) and Iran Energy Exchange (IRENEX) has ended up in a remarkable increase in the country’s export…
ECONOMY Feed Atom
Iranian Oil Minister Javad Owji officially launched the demercaptanization unit of South Pars Refinery Phases 2 and 3 which was built with €74 million of investment.
Inauguration of the first condensate sweetening and demercaptanization unit of phases 2 and 3 of South Pars enhance the gas condensate sweetening capacity by 80,000 barrels and…
The Iranian Minister of Petroleum said Iran’s export of liquefied petroleum gas (LPG) saw a 20% rise in the first year of President Seyed Ebrahim Rayeesi’s office…
Oil prices rose more than $3 a barrel on Monday, extending last week’s gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a…
Ukraine’s President Volodymyr Zelenskiy accused Russia of economic terrorism on Monday as the cost of Europe’s energy crisis spiralled with Germany on the hook for at least…
Iranian Minister of Petroleum Javad Owji announced that the spell of gas production from South Pars phase 11 development project will be broken this winter after 20…
The CEO of the National Iranian Gas Company (NIGC) said the country’s gas export revenue rose by 64% in the first year since President Raeisi took office…
Iranian Minister of Finance and Economic Affairs Ehsan Khandouzi said on Sunday that the country’s oil revenues have considerably increased compared to the last year, despite unrelenting…
The U.S. Energy Secretary urged domestic oil refiners this month to not further increase exports of fuels like gasoline and diesel, adding that the Biden administration may…
Germany’s gas storage facilities are filling up faster than planned, Economy Minister Robert Habeck said, giving hope that Europe’s biggest economy could avoid acute gas shortages this…
Exploiting the marine export plan of liquefied petroleum gas (LPG) has prevented the annual waste of 2,000 tons of LPG that was burned in the past, and…
Referring to the energy potential of Iran and Nigeria, the Iranian oil minister expressed hope that cooperation in the field of energy will increase between the two…
The CEO of the National Petrochemical Company (NPC) said the country’s petrochemical revenues are planned to hit $18 billion in the current calendar year, which began on…
Tehran is ready to increase its oil exports immediately after the sanctions are removed, Iranian Minister of Petroleum Javad Owji said on Friday, noting that in the…
The United States had constructive discussions with Indian officials on a proposal to cap prices of Russian oil, U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday,…
Oil prices fell on Friday, after the head of the U.S. Federal Reserve warned there is no quick cure for inflation, while talk of a hefty European…
Iranian Oil Minister Javad Owji said Tehran has offered its assistance to Europe in the form of oil and gas deliveries for the winter as energy crisis…
Iranian Oil Minister Javad Owji said Russia is leading the development projects of seven oil and gas fields in the country, and added that Tehran and Moscow…
Oil prices eased on Thursday in volatile trade as investors braced for the possible return of sanctioned Iranian oil exports to the market and on worries that…