The head of the economic group of the Supreme Leader’s Office stated that Iran has the ability to reach the crude oil daily production capacity of 7.4…
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Iraq will discuss with Washington this week how to pay dues owed to Russian oil companies despite sanctions, Foreign Minister Fuad Hussein said on Monday.
There is no damage to the Kerkuk-Ceyhan pipeline carrying oil from Iraq to Turkey, or to the Baku-Tbilisi-Ceyhan pipeline, and oil flows are continuing on both after…
Oil prices rose on Monday from an 8% drop last week on supply concerns, but was still trading near three-week lows, driven by worries that slower growth…
The Iranian Minister of Foreign Affairs emphasized the development and strengthening of cooperation with Venezuela, especially implementation of understandings in the field of energy.
The CEO of the Petrochemical Research and Technology Company (PRTC) announced that 98% of the catalysts of the oil industry are produced by reliable domestic companies, adding:…
The CEO of the National Petrochemical Company (NPC) underlined the export of Iranian catalysts to Russia, and said: “Iranian catalysts have excelled the European ones.”
The Petrochemical Research and Technology Company (PRTC) has unveiled five research and technological achievements it has garnered recently on the occasion of the anniversary of the victory…
The CEO of South Pars Gas Complex announced that since the beginning of the current Iranian calendar year which began on March 21, more than 165.32 billion…
Oil producers may have to reconsider their output policies following a demand recovery in China, the world’s second-largest oil consumer, the International Energy Agency’s Executive Director Fatih…
Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies.
Iranian Offshore Engineering and Construction Company (IOEC) and Pars Oil and Gas Company (POGC) signed a deal worth $900 million on Saturday to cooperate in developing the…
Iran’s economic growth saw a 2.9 percent surge in 2022, World Bank has reported.
According to the World Bank, Iranian economic growth reached 2.9…
Iranian Minister of Petroleum Javad Owji announced the exploitation and the start of executive operations of nearly $3 billion of oil project in the southern province of…
Iranian Minister of Petroleum Javad Owji said Iran has joined the 6 countries that possess the know-how of producing sponge coke in the world.
Sepahan Oil Company’s export and import terminal of Shahid Rajaei Port was put into operation on Saturday by video conference with the order of the Minister of…
Pakistan Crisis: The country’s economy has completely collapsed. Foreign currency reserves are in short supply, & cash-strapped oil companies have warned that the industry is on the…
The petroleum minister of Venezuela expressed his country’s willingness to use Iran’s experiences and promote cooperation in the oil and energy industries.
In a…
Oil prices fell to over three-week lows on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors…
Western economies agreed new price caps on Friday on Russia’s exports of oil products that U.S. Treasury Secretary Janet Yellen said would build on the crude oil…