OIL Feed Atom

NIDC drills 116 oil, gas wells in 11 months
24 February 2026
4:04 AM
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The deputy managing director for drilling operations at the National Iranian Drilling Company said 116 oil and gas wells were drilled and completed in the first 11 months of the current year, marking a 23% increase compared with the same period last year.

Iran’s Oil Minister Paknejad: Oil Cooperation with the US is Possible!
20 February 2026
9:08 AM
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Iran’s Oil Minister Mohsen Paknejad has commented on the possibility of cooperation between Iran and the United States in the oil and gas sector, amid the ongoing nuclear negotiations between the two countries. He stated: “Everything is possible.” However, it remains unclear whether such oil and gas cooperation between Tehran and Washington will become operational at this stage.

Oil, Energy, India–U.S. Relations, and the Russia Dilemma
18 February 2026
8:30 AM
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India has sharply increased its purchases of discounted Russian crude oil since 2022, triggering tensions with the United States—including new tariffs under President Trump and threats of far steeper levies. Although a February 2026 trade deal brought some relief and a partial shift toward U.S. (and possibly Venezuelan) supplies, New Delhi continues to prioritize energy security for its 1.4 billion people and insists on maintaining strategic autonomy in sourcing oil—highlighting the deep geopolitical tug-of-war between Washington and Moscow over India’s growing energy needs.