If the deal materialises, Aramco will supply crude oil and other feedstocks to Shenghong Petrochemical.
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Moscow delivered 100,000 metric tons to Pakistan through Iran's Sarakhs Special Economic Zone.
Iranian Oil Minister Javad Owji and a number of foreign ambassadors attend a ceremony to celebrate the 93rd National Day of Saudi Arabia at the kingdom’s embassy in Tehran on September 26, 2023.
Turkey's state gas grid operator BOTAS signed a deal to supply up to 1.5 billion cubic metres (bcm) of natural gas to Romania's OMV Petrom as Ankara expands its gas export reach.
Oil prices rose by more than $1 on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.
Iranian Oil Minister Javad Oji has emphasized the important role of the oil industry in strengthening the ties between the Islamic Republic and Saudi Arabia, Shana reported.
The National Iranian Drilling Company (NIDC) consolidated planning director on Tuesday said 55 onshore and offshore oil and gas wells have been drilled and completed in the first half of the current Iranian calendar year (March 21-September 22, 2023).
The production control manager of Iran’s National Petrochemical Company said NPC has outlined a plan for exporting technical services to Venezuela and Brazil.
Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer.
With the repair and maintenance services of Syria’s Homs Refinery completed, Iran can export 100,000 barrels of oil per day (bpd) to Syria, the chief executive of the National Iranian Oil Refining and Distribution Company (NIORDC) said.
One person has died and four others were injured in an incident at Iran's southern refinery of Bandar Abbas last week, Iranian state media reported on Monday.
President Recep Tayyip Erdoğan and his Azerbaijani counterpart Ilham Aliyev attended the groundbreaking ceremony Monday for a new natural gas pipeline that will run from Türkiye’s eastern province of Iğdir to Sederek in Azerbaijan.
Global demand for Canadian crude is bolstered by production and export cuts from Saudi Arabia and Russia.
The heads of Russian energy giants Gazprom and Rosneft, Alexei Miller and Igor Sechin, will join President Vladimir Putin's retinue during his visit to China next month, sources familiar with the plans told Reuters.
Oil prices held steady on Monday after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand.
The first phase of the development project of the Tous Gas field in northeastern Iran was started in an official ceremony on Sunday, Shana reported.
The Pars Oil and Gas Company (POGC) managing director said Iran’s gas production capacity in the South Pars field will exceed 730 million cubic meters per day (mcm/d) next winter.
Bank of France head Francois Villeroy de Galhau, a governing council member of the European Central Bank (ECB), said on Saturday that the spike in oil and fuel prices did not change the ECB's objective to bring inflation back towards 2% by 2025.
The chief executive of the Iranian National Petrochemical Company (NPC) said that 100 percent of the petrochemical complexes in the country are administered by the company.
The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.