Iran’s Arya Sasol Polymer Company has moved toward developing its export marketing plan, said the ASPC managing director on Sunday.
Mohammad-Reza Heidarzadeh, added, “In…
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The National Petrochemical Company (NPC) managing director on Sunday said the 14th Iran Petrochemical Forum (IPF) focusing on value chain and new opportunities will revolve around eight…
Most analysts expect the surprise additional OPEC+ cuts of 1.16 million barrels per day (bpd) between May and December to significantly tighten supply in the second half…
Brazilian environmental agency Ibama has recommended the rejection of state-run oil firm Petrobras’ request to drill a well in the mouth of the Amazon River Basin, documents seen…
Iranian President Seyyed Ebrahim Raeisi on Friday said oil and industry has had a “considerable role in the country’s average 4% economic growth since his administration took…
Oil and gas projects worth $15 billion will be inaugurated by the end of the current Iranian calendar year (March 19, 2024), vowed Oil Minister Javad Owji…
The precompression units of NGL 900 and NGL 1000 plants were inaugurated via videoconference by Iran’s President Seyyed Ebrahim Raeisi in southwestern province of Khuzestan on Friday.
Oil prices will pick up pace towards $90 a barrel over the course of this year as production cuts by OPEC+ and rebounding China demand shield against…
The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to load that could help set the price, a…
Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026, its Chairman and Chief Executive Zsolt Hernadi…
The executive operations of Sohrab oil field development project officially kicked off during the visit of Iran’s President Seyyed Ebrahim Raeisi to southwestern province of Khuzestan on…
Iran’s President Seyyed Ebrahim Raeisi on Friday inaugurated a project to boost extraction from joint Azadegan oil field in southwestern province of Khuzestan by 45,000 barrels per…
Iran’s President Seyyed Ebrahim Raeisi inaugurated the first phase of NGL 3200 plant in southwestern province of Khuzestan on Friday.
Launched in the presence…
The steam unit of West Karoun Combined-Cycle Power Plant was on Friday inaugurated by Iranian President Seyyed Ebrahim Raeisi visiting the southwestern province of Khuzestan.
Russian Deputy Prime Alexander Novak said on Thursday the OPEC+ group of leading oil producers saw no need for further output cuts despite lower-than-expected Chinese demand, but…
Oil prices steadied on Thursday after the previous day’s price drop reversed the supportive impact of a surprise cut to OPEC production targets this month.
OPEC Secretary General Haitham Al Ghais said on Thursday the International Energy Agency (IEA) should be “very careful” about discouraging investment in the oil industry, which was…
In early February, Chief Allan Adam of the Athabasca Chipewyan First Nation in northern Alberta started fielding calls from community members after the provincial regulator revealed toxic…
Europe needs to keep cutting natural gas consumption due to the lack of Russian pipeline supply.
There are concerns about potential competition from Asia…
Oil and gas producer Cenovus Energy Inc CVE.TO reported a fall in first-quarter profit on Wednesday, hurt by lower oil prices.
Crude oil prices were volatile…