A petro-refinery in Abadan, southwestern Iran, having a production capacity of 210,000 barrels per day (bpd) will become operational within days, said Oil Minister Javad Owji here…
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The second stage of reviving Iran’s low-yield wells got the go-ahead, as the Petroleum Industry Innotech Park head representing the National Iranian Oil Company and the representative…
The latest report of the Central Bank of Iran (CBI) showed that the country’s oil and sector witnessed the highest economic growth in autumn and the first…
Iran’s former OPEC governor is convinced that Iran-Saudi rapprochement will be to the advantage of crude oil importers and exporters of the Middle East and could stabilize…
The price of both oil and natural gas have fallen substantially in the past year, thanks to a milder-than-expected winter and weaker-than-expected demand.
The…
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…
OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country’s COVID-19 curbs, although it left the…
Oil prices fell more than $2 a barrel on Tuesday to their sessions lows, extending the previous day’s slide, as the collapse of Silicon Valley Bank rattled equities…
Amid the economic crunch, Pakistan’s oil reserves are currently running low and the petroleum it purchases is being smuggled into Afghanistan.
The Print, an…
The managing director of Iran Energy Exchange (IRENEX) here on Monday announced that the first-day transactions of certificates of deposit (CDs) of crude oil and gas condensates…
The Biden administration is approving a scaled-back version ConocoPhillips’ (COP.N) $7 billion oil and gas drilling project in Alaska, the U.S. Department of Interior said on Monday.
Oil prices fell $2 in volatile trading on Monday as the collapse of Silicon Valley Bank hit equities markets and raised fears of a fresh financial crisis,…
The expansion of relations between the world’s energy powers such as Iran, Russia, and Saudi Arabia plays an effective role in developing global economy, said a member…
Saudi Arabian oil giant Aramco (2222.SE) on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices,…
Iran’s oil exports have reached their highest level since the reimposition of U.S. sanctions in 2018, the country’s Oil Minister Javad Owji said on Sunday, according to…
Aramco Chief Executive Amin Nasser said on Sunday that the oil market would remain tightly balanced in the short to medium term, adding that he was cautiously…
Oil Minister Javad Owji here on Sunday announced that the prices of crude oil and gas condensates sold to foreign clients in Iran Energy Exchange (IRENEX) within…
A high-ranking trade delegation from West Africa paid a visit to Pars Special Economic Energy Zone (PSEEZ).
Arranging the visit, the Iranian Ministry of…
Transactions of crude oil and gas condensate certificates of deposit in Iran Energy Exchange (IRENEX) started here on Sunday.
The transactions were given the…
Iran-Russia Joint Economic Commission will hold business-to-business (B2B) meetings here in May.
Led by the Iranian Ministry of Petroleum’s Department for International Affairs and…