The head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) announced the construction of 110,000 solar power plants with a capacity of five kilowatts (KW) for…
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News broke this week that Saudi Arabia’s state oil company, Aramco, is further strengthening its relationship with the Chinese market. Aramco’s latest deal is a 10% acquisition of…
Iraq’s federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, a KRG spokesman said on Sunday,…
Iran’s foreign debt stood at about $6.5 billion at the end of the tenth month of the past Iranian calendar year 1401 (January 20), down 25.15 percent…
The SeaPad logistics platform is located 105km off Assaluyeh, which is tasked with providing logistic and operational support to 18 South Pars platforms that totally produce 350…
The Abu Dhabi Ports Group (ADP), a major logistics company, and KazMunayGas, the state-owned oil company of Kazakhstan, met to discuss expanding the Caspian Integrated Maritime Solutions (CIMS)…
OPEC oil output fell in March due to oilfield maintenance in Angola and a halt in some of Iraq’s exports, a Reuters survey found on Friday, adding…
UK Oil & Gas PLC – UK and internationally focused energy company – Reports revenue for the full year ended September 30 from sales of oil amounted…
National Iranian South Oil Company (NISOC) is planning to enhance production within the framework of short-term annual plans. Given NISOC’s 80% share in Iran’s oil production, planning…
The European Commission will extend its gas price cap system to all trading hubs in the European Union from May to prevent potential distortions to Europe’s energy…
An international arbitration ruling on March 23 prompted the shutdown of Iraq’s northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.
Oil prices are set for a second consecutive weekly gain, driven higher by supply disruptions and the receding fears of a banking crisis.
The…
The volume of trade between Iran and Iraq hit $9 billion in the past Iranian calendar year (ending on March 21) showing a roughly 20% increase in…
QatarEnergy has signed an agreement to acquire stakes in two offshore exploration blocks from ExxonMobil Canada, as part of the state-owned energy giant’s broader strategy to expand…
PetroChina (601857.SS), said on Thursday that it expects Chinese refined fuel demand to rise 3% this year from pre-COVID levels in 2019 and that of natural gas to…
OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after…
Oil prices rose on Thursday as a surprise drop in U.S. crude stockpiles and a halt in exports from Iraq’s Kurdistan region offset a smaller-than-expected cut to…
The increase in export and the new record in producing crude oil despite the economic sanctions on Iran are among the achievements of the Raisi administration, an…
Heavy crude oil traditionally trades at a significant discount to lighter and sweeter grades, but the price of heavy crude is climbing.
The main…
The National Iranian Oil Company (NIOC) managing director here on Wednesday said gas production in South Pars (SP) Phase 11 will begin this year.