Venezuela will contract with an Iranian shipyard to build two oil tankers under an existing construction agreement according to people familiar with the matter and documents.
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Iran and Russia are still in talks over a potential agreement that will allow the delivery of Russian oil and natural gas supplies via Iran to other…
The CEO of the National Iranian Oil Company (NIOC) announced the implementation of plans to increase gas production of the country by 50% by 2029.
The CEO of Gachsaran Oil and Gas Production Company announced the daily increase of 180,000 barrels of oil with the use of skid-mounted crude oil processing unit…
The high-pressure condensate pump of urea unit of Masjid Suleiman petrochemical plant was localized by the experts of the company.
According to Masjid…
A member of the Expediency Council and representative of the Supreme Leader in the Supreme National Security Council said: “The enemies announced that you cannot sell oil,…
The Ministry of Oil and Gas of the Government of National Unity (GNU) claimed on Sunday that the 8-billion-dollar deal between Italy’s Eni and Libya’s National Oil…
His comments come amid a shift among some Western governments and companies regarding fossil fuels, after energy prices surged over the Ukraine war After ‘years of chronic…
Ecuador’s state oil company, Petroecuador, said on Saturday that it was losing an estimated 3,500 barrels of crude oil a day due to “vandalism” at two of…
Texas residents grilled U.S. energy regulators on Saturday over their supervision of liquefied natural gas processing plants at a meeting to discuss conditions at the fire-idled Freeport…
South Azadegan oilfield is located 80 kilometers west of Ahvaz (the capital city of Iran’s southwestern Khuzestan province), near the Iraqi border.
The oil…
Russia will reportedly replace German-made hydropower-plant turbines with Iranian-made ones as Western sanctions have halted operations of Siemens in Russia since February 2022.
As…
Iranian Oil Terminals Company (IOTC) is at the forefront of the country’s economic battle, and its operations management staff, along with other departments, have shone brightly under…
President Joe Biden continues his pursuit of the generation of electricity from wind turbines and solar panels while simultaneously moving to rid the world of fossil fuels….
Saudi Arabia and other OPEC members are so far not reacting to Russia’s production cut as they stand to benefit from the move.
Russia…
Goldman Sachs still expects Brent Crude prices to hit $100 per barrel this year, but only in December compared to earlier expectations of $100 oil as soon…
European banks risk jeopardising the path to net-zero carbon emissions and the growth of renewable energy unless they…
National Iranian South Oil Company (NISOC) has signed a cooperation memorandum of understanding (MOU) with Basra Oil Company (BOC), Shana reported.
The MOU was…
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…