Russian Foreign Minister Sergei Lavrov on Thursday said the United States was directly involved in explosions that severely damaged the Nord Stream gas pipelines under the Baltic…
ECONOMY Feed Atom
The Ninth Meeting of the Joint Economic Cooperation Committee of Iran and Zimbabwe kicked off in the Iranian capital Tehran on Thursday.
Officials…
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to…
Oil prices remained relatively stable after OPEC and its allies stuck to their output policy while the market awaits a U.S. interest rate decision and data on…
Managing director of Persia Oil and Gas Development Company referring to activities of 19 explorer companies, said that by applying three methods, Iran can increase its oil…
Iranian Oil Minister Javad Oji has said the country’s incomes from the sales of oil, natural gas, gas condensate, and petroleum products in the first 10 months…
The President said: “I assure the people and economic activists that we have good and reliable hard currency reserves and the money from the sale of oil…
Iranian Minister of Petroleum Javad Owji said South Pars Phase-14 refinery will be put into operation in the Fajr decade and will process 56 to 60 million…
Gas condensate production by the refineries of Iran’s South Pars Gas Complex (SPGC), which is comprised of 14 refineries that process natural gas from the giant South…
The U.S. Energy Information Administration (EIA) in a recent report has put Iran’s average oil production in 2022 at 2.54 million barrels per day (bpd), 140,000 bpd…
The minister of petroleum of the Islamic Republic of Iran said that the volume of liquefied petroleum gas (LPG) export increased by over 50 percent in the…
National Iranien Oil Company (NIOC) has long focused on developing technologies to enhance recovery from oil wells. Although sanctions have posed an obstacle in its way, it…
The director of exploration at National Iranian Oil Company (NIOC), Mehdi Fakour, has said that Iran was estimated to sit atop 16 billion barrels of hydrocarbon reserves.
Being the first oil refinery in the Middle East set up more than 110 years ago, Abadan oil refinery is considered one of Iran’s refining hubs, but…
A meeting was held to introduce opportunities for investment in crude oil storage tanks construction and operation, required by National Iranian Oil Company (NIOC), within the framework…
With the beginning of 2023, the developments of the oil market in 2022 and the perspective of the New Year have been reviewed. The idea is to…
The Gas Exporting Countries Forum (GECF) expects 74% of the world’s natural gas production by 2050 to be provided by new projects that will start in the…
Turkey will hold a natural gas summit on Feb. 14-15 to bring together gas supplier countries and Europe’s consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez…
The Gas Exporting Countries Forum (GECF) today launched the latest edition of its annual Global Gas Outlook 2050 (Outlook), in the presence of the 2023 President of…
Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a fourth straight month in March, amid low physical oil…