Iran has become self-sufficient in constructing oil and gas refineries, said Oil Ministry Javad Owji here on Monday.
Delivering speech during a ceremony –…
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President Ebrahim Raeisi on Monday inaugurated Phase 2 of Abadan Refinery in Khuzestan Province, southwestern Iran, concurrent with the anniversary of nationalization of oil industry.
Iran’s minister of petroleum, in a statement, on Sunday put great emphasis on bringing stability to the international energy and oil market.
Javad Owji…
Mexico President Andres Manuel Lopez Obrador led a celebration in the capital’s main square on the anniversary of the country’s 1930s expropriation of the oil industry, stressing…
Talks between French oil major TotalEnergies(TTEF.PA) and Iraq to resolve sticking points in a long-delayed $27 billion energy deal “have reached advanced stages”, Iraqi oil minister Hayan Abdel-Ghani…
International Petroleum Corp (IPCO.TO), the first foreign oil company to sanction a project in Canada’s oil sands in more than a decade, could add carbon capture and storage…
The head of Iran’s Institute for International Energy Studies (IIES) put great emphasis on contribution of recent political and security agreement between Tehran and Riyadh to economic…
Oil prices settled lower Friday, reversing early gains of more than $1 a barrel as banking sector fears caused both benchmarks to reach their biggest weekly declines…
The head of the National Iranian Drilling Company (NIDC) has declared the company’s infrastructure improvement in line with the programs of the Oil Ministry as the most…
Average daily gasoline consumption in Iran has reached 105 million liters in the current Iranian calendar year (ends on March 20) which is 20 percent more than…
The 30th edition of the Health, Medical and Medical Equipment Fair (Expomed Eurasia) and 16th Oil & Gas Trade Show that kicked off in the Turkish city…
Former OPEC affairs head of the the Iranian Ministry of Petroleum here on Saturday said Tehran and Riyadh are expected to seize the opportunity created after their…
Oil prices fell in volatile trade on Friday, reversing earlier gains of more than $1 a barrel, as banking sector fears set crude on course for its…
Italian oil and gas major Eni SpA on Friday said it had discovered oil in the Sureste Basin offshore Mexico in a prospect that could contain around 200…
THE price of OPEC basket of 13 crudes stood at $76.22 a barrel on Wednesday, March 15, 2023, compared with $78.92 the previous day, according to OPEC Secretariat calculations/
OPEC+ considers this week’s slide in oil prices to a more than one-year low to be driven by financial fears, not any imbalance between demand and supply,…
Oil prices clawed back some ground on Thursday, recovering from the previous session’s 15-month lows, as markets calmed somewhat after Credit Suisse (CSGN.S)was thrown a financial lifeline by…
Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a decades-long trend whereby the continent has paid more…
Oil extended its slide on Wednesday, falling 4% and hitting its lowest in more than a year as unease over Credit Suisse spooked world markets and offset…
Iran’s crude oil production increased 17,000 barrels per day (bpd) in February to reach 2.554 million bpd, according to OPEC’s latest monthly report.
As…