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…
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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…
Pars Behin Qeshm Oil Refinery has processed AH70 bitumen which is considered a new grade suitable for global markets for the first time in the country.
The National Iranian South Oil Company (NISOC) is planning to ramp up its cooperation with domestic knowledge-based firms in order to delay the natural drop in oil…
Pars Oil and Gas Company (POGC) is planning to invest $2 million in a project for laboratory modeling of corrosion together with a knowledge-based company.
The Iraqi Ministry of Oil has issued a circular to all Iraqi companies announcing the readiness of Iranian specialized companies to participate in Iraq’s oil and gas…
The Kremlin said on Friday it was finalising the last details of how it would respond to the West’s imposition of a price cap on Russia’s oil…
Oil fell almost 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks, but was still poised for a weekly gain…
Iran’s average oil production in the third quarter of 2022 stood at 2.566 million barrels per day (bpd), 11,000 bpd more than the figure for the second…
The CEO of Iran Oil Terminals Company announced plans to increase crude oil storage capacity by 4,200,000 barrels at Khark Oil Terminal.
According…
West Asia’s largest distillation unit has gone operational in Iran’s Abadan Refinery with a capacity of 210,000 barrels per day (bpd), the managing director of the National…
During the 29th meeting of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s Energy and Environment Committee which was held in Tehran on Wednesday, the…
The Iranian Minister of Petroleum said: During the visit of the Deputy Prime Minister of China and the accompanying delegation to Iran, good agreements and understandings were…