Oil prices fell further on Thursday amid growing concerns over a slowdown in global economic growth, with focus now turning to upcoming U.S. inflation data that is…
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Tehran, IRNA – Managing director of the National Iranian Oil Company (NIOC) said based on a 1-billion-dollar investment development of Sohrab Oil Field in Khuzestan province will…
The CEO of the National Iranian South Oil Company (NISOC) said the company is planning to bring its daily production capacity to 3.28 million cubic meters by…
The integrated planning director of the National Iranian Oil Company (NIOC) said by applying EOR and IOR methods the country’s petroleum production could increase by 15 to…
The director of monitoring oil and gas production of the National Iranian Oil Company said: “Soon the contract to enhance recovery of oil and gas wells will…
The CEO of Sina Energy Gostar Holding, affiliated to Mustazafan Foundation, said the holding was planning to build a pipeline for the transfer of petroleum products with…
The State Organization for Marketing of Oil (SOMO) intends to increase its share in the European market amid the decline in Russian imports to the region and…
The first vice president said: “Today we are selling oil well, and money transfer is done properly and current expenses of the country are provided without…
Iranian Oil Minister Javad Owji says that imposing anti-Iranian sanctions is no longer a suitable option for controlling the country.
Saying that Iran has secured…
Iran’s ambassador to India said in New Delhi on Friday that Tehran is ready to sell oil to India and deliver it at desired destination.
Since joining the organisation the role of the UAE has remained clear: to increase production, maintain economic growth, achieve diversification through other sources, and reduce costs
Faced with mounting impacts from warming and a push for resource development, Indigenous communities in northern Canada are setting aside vast areas for protection. They are also…
The International Energy Forum (IEF) on Wednesday anticipated that oil price will reach $100 with the implementation of European Union’s sanctions against Russia.
The…
The Iranian Deputy Foreign Minister for the Economic Diplomacy said that a Memorandum of Understanding (MoU), worth $40 billion, will be signed between Iran and Russia next…
Iranian Oil Minister Javad Owji said the expansion of cooperation between Iran and Russia will make international sanctions ineffective.
Addressing reporters in Russia on…
Iranian Oil Minister Javad Owji voiced his country’s readiness to establish cooperation with economic activists, and said that Russian investors and companies have finalized a contract for…
The overhaul operations of three operating units of Isfahan Oil Refinery started simultaneously in order to make optimal use of time.
According to Isfahan…
The director of support for manufacturing and supply of goods at the National Iranian Oil Company (NIOC) announced the willingness of Iran and Russia to tap the…
Iranian President Seyed Ebrahim Rayeesi confirmed that the country’s oil exports has come closer to the figures prior to the re-imposition of the US sanctions.
OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict, in a forthcoming major report, despite…