The Persian Gulf Star Refinery (PGSR) in Southern Iran is now producing 103 million liters of high-quality gasoline per day with its 3 phases in full swing, a senior energy official said, adding that the 4th phase of the mega refinery will go on stream by 2 years.
News ID: 3691 Publish Date : 2019/02/21
Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s customers are using up their US sanction waivers to continue importing Iranian oil.
News ID: 3683 Publish Date : 2019/02/21
Iranian Oil Minister Bijan Zangeneh said the country has reached self-sufficiency in producing gasoline.
News ID: 3662 Publish Date : 2019/02/18
South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
News ID: 3637 Publish Date : 2019/02/16
Venezuela's oil minister is in New Delhi this week hoping to convince India's key refiners to buy more of its crude and forge closer ties as the South American nation finds itself internationally isolated after the US imposed crippling sanctions on state-owned PDVSA last month.
News ID: 3618 Publish Date : 2019/02/14
OPEC’s biggest producer Saudi Arabia would need oil prices at $80-85 per barrel in order to balance its 2019 budget, Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund has told Reuters.
News ID: 3617 Publish Date : 2019/02/14
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
News ID: 3616 Publish Date : 2019/02/14
Indian refiners are increasingly optimistic on winning another round of waiver to continue buying Iranian oil, at reduced levels, as New Delhi has put forward a strong case to Washington that it will not be able to afford zero Iranian crude, delegates attending a three-day petroleum conference in New Delhi said.
News ID: 3603 Publish Date : 2019/02/12
Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on "white elephant projects."
News ID: 3601 Publish Date : 2019/02/12
India’s Hindustan Petroleum Corporation Limited could buy 0.9 million tons of Iran oil in its 2018/19 financial year, said Vinod S Shenoy, the company’s director of refineries.
News ID: 3586 Publish Date : 2019/02/07
Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.
News ID: 3585 Publish Date : 2019/02/07
Oil Minister Bijan Namdar Zanganeh says Iran has turned to the sale of Islamic bonds to finance oil projects.
News ID: 3583 Publish Date : 2019/02/07
Iranian Oil Minister Bijan Namdar Zanganeh said the country has accepted Russia’s proposal to construct a subsea pipeline for exporting natural gas from the Islamic Republic to India.
News ID: 3573 Publish Date : 2019/02/06
Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
News ID: 3570 Publish Date : 2019/02/06
Iran and Iraq share an estimated reservoir of 4 billion barrels of oil in Azar Oilfield and Iran has recently completed the drilling operation for 7 wells in the field to tap into the shared natural resource, a project manager said.
News ID: 3564 Publish Date : 2019/02/05
Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday Italy and Greece had stopped buying oil from Iran despite being granted waivers from US sanctions.
News ID: 3563 Publish Date : 2019/02/05
Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday the country’s recoverable oil stood at 160 billion barrels.
News ID: 3562 Publish Date : 2019/02/05
Iranian Oil Minister Bijan Zangeneh on Tuesday condemned the US sanctions against Venezuela’s state-run oil company.
News ID: 3561 Publish Date : 2019/02/05
Oil hit a two-month high above $63 a barrel on Monday as OPEC-led supply cuts and US sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown.
News ID: 3554 Publish Date : 2019/02/05
Royal Dutch Shell plc, through its subsidiary Shell Brasil Petroleo Ltda. and consortium partners have announced the start of production at the Lula North deepwater project in the Brazilian Santos Basin.
News ID: 3541 Publish Date : 2019/02/04
