National Iranian South Oil Company (NISOC) has signed a cooperation memorandum of understanding (MOU) with Basra Oil Company (BOC), Shana reported.
The MOU was…
ECONOMY Feed Atom
The OPEC+ group currently doesn’t plan to change the course in its oil production targets after Russia announced a cut in its output for March, two delegates…
Companies accused of facilitating sales on behalf of Triliance Iran increasingly turning to firms in Asia to sell petrol
The US sanctioned three firms…
Oil may resume its rally in 2023 as Chinese demand recovers after COVID curbs were scrapped and lack of investment limits growth in supply, OPEC country officials…
Oil prices jumped more than 2% on Friday, heading for weekly gains, as Russia announced plans to reduce oil production next month after the West imposed price…
Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday, after…
Russian oil producers increased output by almost 1% in the first week of February from January, despite Western embargoes on Russian fuel, Kommersant daily reported on Thursday,…
A 46% drop in natural gas prices this year is rippling across the U.S. shale patch, threatening to slow drilling and chill deal-making in a move unthinkable…
Iran and Russian energy giant Gazprom continue consultations to reach an agreement over the development of fields in Iran, Russian Ambassador in Tehran Alexey Dedov said.
The CEO of the Pars Special Economic Energy Zone (PSEEZ) stated that more than one-third of the country’s hard currency income is provided by the Zone, and…
Arvandan Oil and Gas Company (AOGC) signed 6 cooperation memoranda of understanding (MOU) and 3 contracts on the 3rd day of the 13th Ahvaz Oil Industry Equipment…
The exhibition of knowledge-based equipment and oil industry items built domestically for the first time was inaugurated in the presence of the chairman of the board of…
Brent crude futures were up $1.78, or 2.2%, to $82.77 per barrel at 1042 GMT, while West Texas Intermediate US crude futures rose $1.74, or 2.4%, to…
Oil prices may rise to $100 a barrel in the second half of the year as China’s economy emerges from anti-virus lockdowns, Iran’s liaison to OPEC said.
Oil rose for a third straight day on Wednesday as investor concern eased about U.S. interest rate hikes and an industry report pointed to a drop in…
Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and refining firms, some with Russian connections.
Iran’s MAPNA group, which is a group of Iranian companies involved in implementing major industrial projects, has announced a plan for building 20 electric vehicle charging stations…
Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of…
BP (BP.L) reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil…
February 7 marks the 13th anniversary of the Financial Intelligence Unit of the Islamic Republic of Iran (IRIFIU) under High Council on Combating and Preventing Money Laundering…