The UAE-based energy firm Dana Gas said on Monday its portion of interest accrued on an international arbitration tribunal award of $607.5 million in a gas supply…
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The expansion of relations between the world’s energy powers such as Iran, Russia, and Saudi Arabia plays an effective role in developing global economy, said a member…
Hyundai Engineering & Construction and Hyundai Engineering have officially embarked on a project to build the largest petrochemical facilities to date in the South Korean city of…
Saudi Arabian oil giant Aramco (2222.SE) on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices,…
Iran’s oil exports have reached their highest level since the reimposition of U.S. sanctions in 2018, the country’s Oil Minister Javad Owji said on Sunday, according to…
Aramco Chief Executive Amin Nasser said on Sunday that the oil market would remain tightly balanced in the short to medium term, adding that he was cautiously…
Oil Minister Javad Owji here on Sunday announced that the prices of crude oil and gas condensates sold to foreign clients in Iran Energy Exchange (IRENEX) within…
A high-ranking trade delegation from West Africa paid a visit to Pars Special Economic Energy Zone (PSEEZ).
Arranging the visit, the Iranian Ministry of…
Transactions of crude oil and gas condensate certificates of deposit in Iran Energy Exchange (IRENEX) started here on Sunday.
The transactions were given the…
Iran-Russia Joint Economic Commission will hold business-to-business (B2B) meetings here in May.
Led by the Iranian Ministry of Petroleum’s Department for International Affairs and…
The US Department of the Treasury Thursday sanctioned 39 entities connected with providing financial services to sanctioned Iranian firms, such as Persian Gulf Petrochemical Industry Commercial Co. (PGPICC) and Triliance…
The price of Azeri LT CIF Augusta decreased by 66 cents amounting to $84.79 per barrel on March 10, 2023, Azernews reports.
The price…
President Joe Biden’s administration has not yet made a final decision on whether to approve ConocoPhillips’ (COP.N) massive Willow oil project in northwest Alaska, the White House said on…
Iran’s oil minister on Saturday talked of good agreements with giant Chinese companies, record annual production of sour gas, and launch of Phase 11 of South Pars…
The exploration director of the National Iranian Oil Company (NIOC) said seismographic operations reached an “unprecedented” level in over a one-year period when compared with those in…
Kremlin-controlled energy giant Gazprom (GAZP.MM)said on Friday that Elena Burmistrova was stepping down as the head of Gazprom Export and was moving to Gazprombank as its first vice-president.
The United Nations has purchased a large tanker to store about 1.1 million barrels of oil that will be transferred from a decaying vessel off Yemen’s coast…
The European Union struck a deal on Friday to cut final energy consumption across the bloc by 11.7% by 2030, a goal lawmakers said would help fight…
Oil prices edged higher on Friday buoyed by better-than-expected U.S. employment data though both benchmarks remained on course to fall more than 4% on the week amid…
Iranian petrochemical companies based in the country’s Petrochemical Special Economic Zone (Petzone) have signed 34 memorandums of understanding (MOU) with domestic knowledge-based firms for meeting their technological…