National Iranian Oil Company (NIOC) has decreased its crude oil selling prices (OSP) for Asian buyers in January 2023, following Saudi Arabia’s significant price cut for the…
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Iranian Finance and Economic Affairs Minister Ehsan Khandouzi announced that the Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei has agreed with the oil barter trade…
The efficiency of horizontal and directional drilling operations of the National Iranian Drilling Company (NIDC) grew by at least 45% in the first 8 months of the…
Oil rose more than $1 a barrel on Monday, rebounding after a decline in the previous session, as optimism over the Chinese economy and a recovery in…
Iranian energy minister in a meeting with Nicaraguan Foreign Minister Denis Moncada stressed the need for developing Tehran-Managua cooperation in different fields including energy and economy.
The installed capacity of Persian Gulf Petrochemical Industries Company (PGPIC) is planned to hit 46 million tons per year by 2026 from currently 28 mt/y, an official…
Iranian Minister of Petroleum Javad Owji said the 13th administration has initiated sizable movements in the country’s refining industry including quality improvement in Abadan Refinery and all…
The leaders of Azerbaijan, Georgia, Romania and Hungary signed an agreement on Saturday on the construction of an electric cable running under the Black Sea to carry…
The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year’s record…
Iranian vice president for technological and scientific affairs has said that based on the country’s seventh five-year National Development Plan (2022-2026), $35 billion of investment is going…
A total of $260 million worth of engineering and technical services were exported from Iran during the first four months of the current Iranian year.
Pars Behin Qeshm Oil Refinery has processed AH70 bitumen which is considered a new grade suitable for global markets for the first time in the country.
The National Iranian South Oil Company (NISOC) is planning to ramp up its cooperation with domestic knowledge-based firms in order to delay the natural drop in oil…
The CEO of Pars Oil and Gas Company (POGC) said the daily gas production from the South Pars joint gas field has reached 700 million cubic meters.
Pars Oil and Gas Company (POGC) is planning to invest $2 million in a project for laboratory modeling of corrosion together with a knowledge-based company.
The Iraqi Ministry of Oil has issued a circular to all Iraqi companies announcing the readiness of Iranian specialized companies to participate in Iraq’s oil and gas…
The Kremlin said on Friday it was finalising the last details of how it would respond to the West’s imposition of a price cap on Russia’s oil…
Oil fell almost 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks, but was still poised for a weekly gain…
MOSCOWPresident Vladimir Putin said on Thursday that Russia would increase gas supplies to “the East”, particularly China, and set prices for sales to Europe using an electronic…
Russian energy giant Gazprom (GAZP.MM) supplied a record daily volume of gas to China via the Power of Siberia pipeline on Dec. 14, it said on Thursday.