CEO of the National Iranian Oil Company (NIOC) Hamid Bord has appointed Houtan Salari as the acting manager of the NIOC’s international affairs department.
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Iran has issued a final notice to Pakistan, stating it must move the Paris Arbitration Court in September 2024 against Pakistan for failing to construct the IP gas project.
China’s imports of Iranian oil have reached a record of 1.75m barrels per day (bpd) in August, oiprice.com reported, citing data from Kpler.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Tuesday highlighted Iran’s gifts and capacities, citing the country’s natural, abundant, and valuable resources, its strategic geographic location at the crossroads of the world’s major trading routes, along with its extensive coastlines.
The global price of crude oil today, August 30, 2024
Brent crude futures were up 39 cents, or 0.5%, at $80.33 a barrel by 0630 GMT. U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $76.21.
KABIL and Oil India Ltd. signed a Memorandum of Understanding at NALCO's Bhubaneswar headquarters, signed by KABIL CEO Sadashiv Samantaray and OIL ED Ranjan Goswami.
Pakistan is in a diplomatic engagement with Iran to avert a potential fine over the completion of the Pakistan-Iran gas pipeline, which has faced many years of delays.
Iran's new oil minister Mohsen Paknejad appointed Hamid Boord as CEO of the National Iranian Oil Company (NIOC), Iran's oil ministry news agency SHANA reported on Thursday.
The global price of crude oil today, August 29, 2024
Brent crude futures slipped 7 cents, or 0.09%, to $78.58 a barrel by 0812 GMT, while U.S. West Texas Intermediate crude futures edged 1 cent lower, or 0.01%, at $74.51.
The global liquefied natural gas market is predicted to experience a supply glut, increasing production by 41% over the next four years, benefiting India's LNG availability at reasonable prices.
NISOC achieved 65% of its target for increasing and maintaining oil production in Iranian fields in the previous year, according to an official.
Iran and Turkmenistan signed a gas cooperation document today in Tehran in the presence of the Iranian President Masoud Pezeshkian and the National Leader of Turkmenistan Gurbanguly Berdimuhamedow.
The petroleum minister Mohsen Paknejad has established a consultative working group to identify the oil industry's main problems and challenges regarding management and human capital development.
Brent crude futures were up 8 cents at $79.63 a barrel at 0653 GMT. U.S. West Texas Intermediate crude futures up 7 cents to trade at $75.60.
Iranian President Masoud Pezeshkian emphasized the necessity of changing the executive branch’s management structure.
The National Iranian Oil Company’s (NIOC) managing director Mohsen Khojastehmehr says that an increase of 400 thousand barrels of oil production per day is the most important mission the petroleum minister has assigned to the NIOC.
Brent crude futures was up 3 cents at $81.46 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude futures dropped 6 cents to $77.36 a barrel.
The Alberta Energy Regulator (AER) said on Thursday it has imposed an administrative penalty of C$50,000 (US$36,764.71) on Imperial Oil over a months-long toxic tailings leak at the oil and gas producer’s Kearl oil sands mine.
India's ONGC has commenced a new well in KG-D5 Block, marking a significant milestone for the company, which is expected to boost oil and gas production.
Petroleum Minister Mohsen Paknejad appointed Mohammad Sadegh Azimifar as the CEO of the National Iranian Oil Refining and Distribution Company (NIORDC).