Crude refining in the world’s second-largest oil consumer increased 2.4% from a year earlier to 44.75 million tons last month, or about 10.93 million barrels a day, according to data released by…
Energy
A senior official at the National Iranian Oil Products Distribution Company said on Saturday Iran has, for the first time, embarked on exporting liquefied gas to African countries in ISO tanks.
Kuwait's Deputy Foreign Minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran.
India's Essar Oil, the top Indian buyer of Iranian crude, imported 47.7% more Iranian oil in April compared with a year ago, according to tanker arrival data obtained from trade sources and ship-…
Iran is about to seal an investment deal with a consortium of companies from Turkey and Belgium for the construction of five combined-cycle thermal power plants, managing director of Thermal Power…
A delegation of representatives from the National Iranian Gas Company and Central Bank of Iran have traveled to Iraq to fast-track gas exports to the Arab neighbor, the executive director of NIGC…
Japan renewed all its oil purchase contracts with Iran for a year and plans to increase Iran's oil export to the Southeast Asian country by 350,000 barrels per day.
Oil prices ended a three-day bull run on Friday, falling as a strong dollar weighed and investors cashed in on recent gains, though losses were cushioned by outages in Nigeria that have slashed…
Following the lifting of western sanctions against Iran, Zagreb seeks to expand economic and energy cooperation with Tehran. The visit by Croatian President Kolinda Grabar-Kitarovic to Iran next…
Iran will ramp up its oil exports to European customers to 600,000 barrels per day within a week, the head of the state-run National Iranian Oil Company said, as the country is inching closer to…
Restrictions on Iranian tankers’ insurance have been removed and the country’s crude carriers are now allowed to enter any oil terminal in the world, managing director of National Iranian Tanker…
Plans have been made to put the construction of a huge natural gas refining plant on Kish Island out to international tender.
OPEC kept forecasts for global oil supply and demand unchanged in its last monthly assessment before members meet to review the market.
The 13 nations of the Organization of Petroleum…
Global oil markets are heading toward a long-awaited equilibrium, according to updated supply and demand data from the International Energy Agency.
The IEA said in its latest oil market…
South Africa has partnered with Iran to develop desalination plants along all coastal communities to boost water supplies, the South African water minister said on Wednesday, as the worst drought…
Former secretary-general of OPEC, Rene G. Ortiz, said the upcoming meeting between the members of the organization and non-OPEC states in June need not result in a decision to freeze oil…
With the Egypt’s permission to Iran for using the SUMED oil pipeline, the first Iranian oil tanker will berth at a European oil terminal in the month starting June 21, an Iranian official at…
Persian Gulf Petrochemical Industries Company will reopen its sales offices in Europe in the near future, PGPIC's executive director said.
Adel Nejad-Salim did not name the countries in…
Premier Oil Plc, an explorer operating on four continents, said it would meet or exceed its production forecast for the year.
A deputy oil minister said on Wednesday 8 million tons can be added to Iran’s total petrochemical output by March 2017 once the projects underway become operational and this will not require new…
A memorandum of understanding has been signed with a Japanese firm to minimize mazut production in Tehran Oil Refinery, director of coordination and supervision for the National Iranian Oil…
Oil rose on Tuesday, driven by supply disruptions in Canada and elsewhere, which have knocked out 2.5 million barrels of daily production and temporarily eclipsed concern over high global…
A senior oil official announced on Tuesday that the process of vetting foreign companies for Iran’s oil and gas projects under the new Iran Petroleum Contract will start in late May.
A 30-strong delegation of Russia's Gazprom is due in Tehran in the near future to explore grounds for cooperation in mega gas projects, liquefied natural gas initiatives and mini LNG…
Iraq plans to boost crude oil exports from its southern region to 3.47 million barrels per day in June, potentially beating a record volume set in November, a preliminary loading program showed.…
