Russia’s monthly budget revenues from oil and gas fell in January to their lowest level since August 2020 under the impact of Western sanctions on Russian exports,…
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Oil prices steadied on Friday as investors sought more clarity on the imminent EU embargo on Russian refined fuels, with prices set for a second weekly loss…
Turkmenistan has resumed exporting gas to Iran, including to the northern province of Golestan, which was halted in the recent cold wave, a provincial official said.
AquaChemie Middle East – a leading regional player for process industry chemicals in the GCC region and part of the UAE-based AquaChemie Group – has formally inaugurated…
In 2019, oil and gas companies operating on tribal and federal lands lost $63 million in revenue from venting, flaring, and leaking infrastructure. That loss, according to a…
Oil prices slipped on Thursday as looming sanctions on Russian oil products added uncertainty over supply and a build in U.S. fuel stocks suggested sluggish demand despite…
Dramatic swings in forecasts for European gas prices this year have left companies and governments struggling to plan ahead as uncertainties for the outlook persist, ranging from…
Russian Foreign Minister Sergei Lavrov on Thursday said the United States was directly involved in explosions that severely damaged the Nord Stream gas pipelines under the Baltic…
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to…
Oil prices remained relatively stable after OPEC and its allies stuck to their output policy while the market awaits a U.S. interest rate decision and data on…
Pars Gas Complex in Bushehr Province has produced 700,000 barrels of gas condensates per day during the first 10 months of the current Iranian year, director of…
Managing director of Persia Oil and Gas Development Company referring to activities of 19 explorer companies, said that by applying three methods, Iran can increase its oil…
Iranian Oil Minister Javad Oji has said the country’s incomes from the sales of oil, natural gas, gas condensate, and petroleum products in the first 10 months…
The President said: “I assure the people and economic activists that we have good and reliable hard currency reserves and the money from the sale of oil…
Iranian Minister of Petroleum Javad Owji said South Pars Phase-14 refinery will be put into operation in the Fajr decade and will process 56 to 60 million…
Gas condensate production by the refineries of Iran’s South Pars Gas Complex (SPGC), which is comprised of 14 refineries that process natural gas from the giant South…
The U.S. Energy Information Administration (EIA) in a recent report has put Iran’s average oil production in 2022 at 2.54 million barrels per day (bpd), 140,000 bpd…
The value of Iran’s petrochemical exports has reached $18 billion since the beginning of the current Iranian calendar year (March 21, 2022), a senior official with the…
The minister of petroleum of the Islamic Republic of Iran said that the volume of liquefied petroleum gas (LPG) export increased by over 50 percent in the…
National Iranien Oil Company (NIOC) has long focused on developing technologies to enhance recovery from oil wells. Although sanctions have posed an obstacle in its way, it…