Nigeria has ranked 11th position on a top-20 list of countries with largest proven oil reserves, a publication by Insider Monkey has shown.
Despite…
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Oil prices pared losses after falling by over $2 earlier in the session, as a weaker dollar partially offset demand fears resulting from surging COVID-19 cases in…
The project to maintain and enhance the oil output rate in the Iranian Central Oil Fields Company (ICOFC) in the Danan, Saadat Abad and NaftShahr oil fields…
The CEO of the National Iranian South Oil Company (NISOC) said that by the end of the NGL 1000 overhaul operations, 10 million cubic meters per…
Iran’s Petroleum University of Technology (PUT) and the Belarusian State Technological University (BSTU) will sign a memorandum of understanding for cooperation through video conference in the presence…
Saudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia,…
Russia will look for new markets and logistics even at higher costs so as not to supply oil at prices set by the West, Finance Minister Anton…
The Director of International Affairs of the National Iranian Oil Company (NIOC) stated: The Iranian Oil Terminals Company (IOTC) has been fully serving the country, and now…
The CEO of the National Iranian South Oil Company (NISOC) said about 329 million cubic feet (mcf) of associated petroleum gas (APG) is being flared in the…
Oil prices rose by more than 2% on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S….
Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an…
Iranian Minister of Petroleum Javad Owji says that the country’s oil production has reached nearly 3 million barrels per day (bpd).
Speaking to reporters…
A tripartite contract for the supply of 500 road tankers has been signed between the National Iranian Oil Products Refining and Distribution Company (NIORDC), Ariadiesel Khodro Company…
The CEO of the Iranian Central Oil Fields Company (ICOFC) said Azar Oil Field is ready to be delivered to West Oil and Gas Production Company for…
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…
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 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 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…