Iran’s president on Sunday praised the “considerable” achievements in the country’s petrochemical, steel, and other industries.
Delivering speech at the opening ceremony of the…
ECONOMY Feed Atom
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion…
Iran and Syria signed a memorandum of understanding (MoU) and outlined a roadmap for cooperating in oil, gas, refining, and petrochemical sectors.
Accompanying President…
The managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.
The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant project will begin this spring.
While investment in both fossil fuels and clean energy projects will continue for years, there are bound to be conflicts over exactly how much should go to…
The Abu Dhabi National Oil Company (ADNOC) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady…
Oil prices jumped on Friday but were set for a third straight week of losses after dramatic drops on fears over the economic impact of interest rate…
The International Monetary Fund (IMF), in its latest regional report on “Middle East and Central Asia”, said Iran’s economy is expected to grow as much as two…
Iran’s president on Thursday voiced his country’s readiness to share its achievements in energy, oil, gas, petrochemical, electricity, scientific, and technological sectors with Syria.
The strong start to the year for Asia’s imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top…
More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according…
Russia’s federal budget revenues from oil and gas, the lifeblood of its economy, fell 64% in April from the year-earlier period and declined by 5.9% from March,…
Oil prices were steady on Thursday after an European Central Bank (ECB) decision to slow interest rate hikes, but were unable to claw back much of this…
The Islamic Republic of Iran Customs Administration says Iran intends to increase annual trade with the Eurasian Economic Union to $10 billion within less than two years.
Iran’s Shazand Petrochemical Company has managed to manufacture turboexpander, breaking the West’s monopoly.
The Iranian company in collaboration with a knowledge-based firm made…
Iran and Syria signed a comprehensive plan for strategic and long-term cooperation and 14 other documents, including oil and energy agreements, in Damascus on Wednesday.
Iran’s President Seyyed Ebrahim Raeisi accompanied by some ministers, including Oil Minister Javad Owji, arrived in Damascus on Wednesday.
Heading a high-ranking economic and…
A survey conducted by Bloomberg shows that OPEC crude oil production fell by 310,000 bpd in April.
OPEC’s crude oil production fell last month…
Canadian Trade Minister Mary Ng met U.S. Trade Representative Katherine Tai on Tuesday and the two discussed working together to address “shared challenges” regarding Mexico’s energy and…