The head of the NIOC has said the company is going to ink contracts worth $14 billion with domestic companies for the development of the country’s oil and gas fields by the end of the current Iranian calendar year.
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A member of the Iranian Parliament’s Plan and Budget Committee said the Oil Ministry has achieved “stunning” successes.
India's oil and gas sector is experiencing growth due to increased demand, strategic investments, and a shift from Russian crude imports, indicating a promising future for the nation's economic recovery.
Brent crude futures settled up 56 cents, or 0.7%, at $82.19 a barrel. U.S. West Texas Intermediate crude futures settled up 62 cents or 0.8%, at $76.84 a barrel.
The National Iranian Gas Company managing director said domestic manufacturers are now meeting about 98 of NIGC’s needs.
Iran’s oil minister said 200 essential items have been produced by domestic manufacturers under the 13th administration.
February's oil and gas public offering in the province of Saskatchewan added more than $10 million to the coffers of the Canadian government.
India's Oil and Natural Gas Corp is in talks to restart its operations in Libya and to increase production in Venezuela, a company executive said on Friday.
Brent crude futures slipped 6 cents, or 0.1%, to $81.69 a barrel by 0851 GMT, while U.S. West Texas Intermediate crude futures rose 21 cents, or 0.3%, to $76.43 a barrel.
Iran’s Oil Minister Javad Owji paid a visit to an exhibition dubbed the “Narrative of Progress” in the northeastern city of Mashhad on Thursday.
India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South American nation's exploration areas, the Guyanese minister for natural resources said on Thursday.
Brent crude futures rose 35 cents, or 0.4%, at $79.56 a barrel at 0730 GMT. U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.4% to $74.17 a barrel.
Iran’s deputy oil minister on Wednesday said 6,354 hard-to-reach villages and 50 towns have been supplied with gas since the 13th administration took office about 30 months ago.
Russia’s ZN Vostok (ZNV) has invested more than $500 million in Iran’s oil projects, said the company’s managing director.
Iran’s oil minister announced that six contracts on the development of oil and gas fields will be signed by the end of the current Iranian calendar year (March 19, 2024).
Brent crude futures were up 26 cents to $78.85 a barrel as of 0914 GMT, while U.S. West Texas Intermediate crude climbed 27 cents to $73.58.
The National Iranian Oil Company (NIOC) managing director said on Tuesday the operation of seven new oil and gas projects will bring in some $6 billion.
Oil extraction from the South Azadegan field rose by 50,000 barrels per day (bpd) as Iran’s Oil Minister Javad Owji issued an order via videoconference for exploiting 60 new wells on Tuesday.
The new offshore pipeline of Phase 16 of the South Pars (SP) gas field was officially put into operation in the Persian Gulf waters by the order of Oil Minister Javad Owji issued via videoconference on Tuesday.