Oil prices rose 3% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price…
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The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in Russian crude.
As…
Turkey is conducting preparatory works to create a gas hub to supply gas to Europe, Turkish President Recep Tayyip Erdogan said on Sunday.
“[Russian…
The CEO of the National Iranian Oil Company (NIOC) said phase 11 of the massive South Pars gas field would start production in the near future.
The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022.
In line with the decision of the OPEC…
Russia will not recognize a so-called ‘price cap’ on Russian oil which the European Union adopted this week, officials announced Saturday.
“We will not…
Iran plans to increase its natural gas production from fields located in the Persian Gulf, according to an official in Iran’s Ministry of Petroleum.
Iranian Minister of Petroleum Javad Owji underlined concerns about the possible consequences of the spread of coronavirus in some regions, especially China, for the economic growth of…
The 34th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies began a few minutes ago via video conference.
The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by…
The liquid ring compressors of Arvand Petrochemical Company were localized by knowledge-based companies by reverse engineering method, relying on local experts.
According to Arvand…
Venezuela’s state oil company PDVSA signed contracts with the American oil company Chevron on Friday, media have reported.
Venezuela’s oil minister Tareck El Aissami…
An Iranian-flagged tanker on Friday delivered an oil shipment to Syria which the United States had previously confiscated around Greece, a ship tracker said.
The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
The oil ministries of the Islamic Republic of Iran and Iraq announced their agreement to establish a joint oil working group.
Following several…
The CEO of Bou Ali Sina Petrochemical Company said the company is planning to supply 2 million tons of products in the current year which began on…
The CEO of the Petrochemical Special Economic Zone Organization said: “We will create an innovation plant in the Petrochemical Special Economic Zone, which will provide a whopping…
The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical industry has $3 billion worth of petrochemical projects under construction in Ilam province, western Iran.
Sasol will hold its AGM today and will face some tough questions on its environmental stance from various NGOs.
A statement from the petrochemical…
OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources said on Friday, although some say a further…