Iran’s oil production will increase to 3.5 million barrels per day from 3.3m bpd by the end of the current Iranian calendar year (March 19, 2024), said the National Iranian Oil Company (NIOC) managing director on Monday.
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Saudi Arabia's crude oil exports in August hit their lowest level in 28 months as they fell for a fifth straight month, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
Iraq has launched three energy contracts with UAE-based Crescent Petroleum to develop three oil and gas fields in Iraq, the oil ministry said on Sunday.
Oil production at the Azeri-Chirag-Gunashli field block operated by BP in Azerbaijan fell to 13.5 million metric tons in January-September 2023 from 15 million metric tons in the first nine months of 2022, the country's Energy Ministry said on Monday.
The value of trade between Iran and the U.S. stood at $33.4 million in the first eight months of 2023, registering a one percent rise compared to the previous year’s same period, IRNA reported citing the latest statistics released by the American Statistical Association (ASA).
Turkmenistan is in discussions to export up to 10 billion cubic meters of gas to Iraq in a three-way swap deal involving Iran. Efforts are ongoing to advance the trans-Afghanistan TAPI gas pipeline, with Pakistan keen on deepening energy cooperation. Domestically, Turkmenistan continues to invest in the development of Arkadag city and is planning significant health infrastructure in Ashgabat.
Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has said there is more than $200 billion of pending investment in the country’s oil industry, the ICCIMA portal reported.
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Iranian Oil Minister Javad Owji inaugurated the first phase of a refining project in Mohr, a county in southwestern province of Fars on Friday.
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India has invited bids for licences to supply natural gas to households, automobiles and small industries in five northeastern states and two union territories, its gas regulator said on Thursday.
OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world economy so far this year and expected further demand gains in China.
Iranian Oil Minister Javad Owji on Wednesday welcomed Russian President Vladimir Putin’s remarks on increasing energy exchanges between the two countries in his address to the 6th Russian Energy Week International Forum.
Iranian Oil Minister Javad Owji arrived in Moscow on Wednesday to take part in the 6th Russian Energy Week International Forum.
India's Numaligarh Refinery Ltd (NRL), a subsidiary of explorer Oil India, plans to start ethanol production at its biorefinery in the northeastern state of Assam from March, the company's managing director Bhaskar Phukan said on Tuesday.
South Africa's master plan to develop its gas market is finally ready after repeated delays as it aims to reduce its carbon emissions and avoid chronic power outages that have plagued Africa's most developed economy for years.