Oil prices steadied on Monday after several weeks of declines as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying…
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Figures by the World Bank Group show Iran’s foreign debt was among the lowest in the developing world at a total figure of $10.349 billion reported at…
The Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned six today, December 10 2022.
On this day in…
Iran’s thermal power plants’ electricity generation capacity has reached 73,000 megawatts (MW), an official with the country’s Thermal Power Plants Holding Company (TPPH) announced.
Beijing and Riyadh say they will ‘firmly support each other’s core interests’ during an official visit by President Xi Jinping to the kingdom.
Saudi…
After a bumper year of share buybacks and dividends, investors in debt-light Canadian oil and gas producers are set to reward shareholders even more in 2023 as…
Six European Union countries, including Germany and the Netherlands, have warned that they cannot accept other member states’ attempts to lower further the level at which the…
China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor refining margins even though the effective prices refiners pay…
Moscow is considering three possible options to respond to the introduction of a price cap on Russian oil by the EU and G7, a Russian newspaper reported.
The CEO of South Pars Gas Complex announced that with the introduction of the cold snap in the country and the decrease in temperature and the consequent…
Natural gas usage in Iran hit a new high on December 6 as freezing temperatures swept across the country.
A statement by the…
The National Iranian Oil Company has used modern methods developed by knowledge-based companies to discover new oil reserves in southwestern Iran, an official said.
Russia will not recognize a so-called ‘price cap’ on Russian oil which the European Union adopted this week, officials announced Saturday.
“We will not…
Iran plans to increase its natural gas production from fields located in the Persian Gulf, according to an official in Iran’s Ministry of Petroleum.
The liquid ring compressors of Arvand Petrochemical Company were localized by knowledge-based companies by reverse engineering method, relying on local experts.
According to Arvand…
Venezuela’s state oil company PDVSA signed contracts with the American oil company Chevron on Friday, media have reported.
Venezuela’s oil minister Tareck El Aissami…
The CEO of the Petrochemical Special Economic Zone Organization said: “We will create an innovation plant in the Petrochemical Special Economic Zone, which will provide a whopping…
Iranian Oil Minister Javad Oji discussed the latest developments in the oil market in a phone conversation with his Venezuelan counterpart Tareck El Aissami, Shana reported on…
The European Union has asked its 27 member states to back a $60 per barrel price cap on Russian oil, the Wall Street Journal reported on Thursday,…
Iranian President Ebrahim Raisi has said his country is seeking expansion of energy ties with neighbor Iraq, Shana reported.
Raisi made the remarks in…