Tehran is considerably advancing its development policies in the oil and gas industries, as the National Iranian Drilling Company (NIDC) announced that it has successfully completed drilling operations of 88 oil and gas wells over the first 9 months of the current local calendar year (March 21-December 22).
News ID: 8130 Publish Date : 2019/12/27
Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers even before the hoped-for end to the trade war between Washington and Beijing.
News ID: 8126 Publish Date : 2019/12/27
As 0.5pc sulphur marine fuel oil (0.5pc fuel oil) looks to be the low-sulphur fuel of choice, tight availability of the new grade in Mediterranean ports will continue into 2020 while supply will be more steady in northwest Europe.
News ID: 8114 Publish Date : 2019/12/27
Uncertainty around supply and specifications for 0.5pc sulphur residual fuel oil may drive some shipowners to use 0.1pc sulphur marine gasoil (MGO) to meet new fuel rules, but MGO's traditional premium will likely continue to put it at a disadvantage.
News ID: 8109 Publish Date : 2019/12/27
Gasoline consumption in the eighth fiscal month that ended on December 22 was 75 million liters per day, data released by the National Iranian Oil Products Distribution Company show.
News ID: 8098 Publish Date : 2019/12/24
Persian Gulf Star Refinery has initiated a scheme aimed at preserving Iranian cheetahs in Geno mountains, Hormuzgan Province, Southern Iran.
News ID: 8095 Publish Date : 2019/12/25
The National Iranian Oil Company (NIOC) announced that it will soon disclose further details on a newly discovered oilfield in the Southwestern province of Khuzestan, where the NIOC has already found a giant oil reserve that was declared in last month.
News ID: 8093 Publish Date : 2019/12/25
Southeast Asian first-generation biodiesel will become increasingly insular in 2020, in the wake of the two biggest palm oil producers Indonesia and Malaysia hiking domestic production mandates in response to anti-palm oil sentiment from their previous largest export market Europe.
News ID: 8092 Publish Date : 2019/12/24
Asia-Pacific oil product refining margins fell late in 2019, but tighter supply and a heavy turnaround schedule in the Mideast Gulf may support the market in the first quarter of 2020.
News ID: 8088 Publish Date : 2019/12/24
The Tehran government’s protestations about fuel smuggling from the eastern and southern borders have become a permanent feature. So has the inability and unwillingness of those in charge to put an end to this wholesale corruption inflicting colossal economic loss for too many years.
News ID: 8076 Publish Date : 2019/12/23
Ahmad Shirzadi, exploration director at Khazar Exploration and Production Company (KEPCO), has announced the start of two major projects within areas run by this company.
News ID: 8073 Publish Date : 2019/12/24
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US-China trade tensions lifted business confidence and the outlook for global economic growth.
News ID: 8054 Publish Date : 2019/12/20
Selling one million barrels of oil a day as forecast in the March 2019-20 budget bill is wishful thinking in the absence of robust diplomatic relations with neighbors and the world, a member of the Majlis Energy Commission said.
News ID: 8053 Publish Date : 2019/12/20
China is breaking records for crude oil imports and is not likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the US will bolster the economy.
News ID: 8012 Publish Date : 2019/12/17
Oman's government has announced further details of its planned integration of state-owned oil company OOC, refiner Orpic and seven other domestic energy firms.
News ID: 8004 Publish Date : 2019/12/18
The US Congress will allocate $400mn in humanitarian aid for Venezuela and additional funds to boost the opposition-controlled National Assembly's authority as part of a $1.4 trillion spending package for US fiscal year 2020.
News ID: 8000 Publish Date : 2019/12/18
Argentina plans to partially roll back an export tax on hydrocarbons to a maximum of 8pc from a previous 12pc, according to a bill that the new government of center-left president Alberto Fernandez sent to the congress this week.
News ID: 7999 Publish Date : 2019/12/18
Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China.
News ID: 7986 Publish Date : 2019/12/16
Iranian Oil Ministry has started new initiatives to support domestic manufacturers by guaranteeing to purchase their quality items needed in the oil industry.
News ID: 7985 Publish Date : 2019/12/17
Development of three oilfields in Iran has been assigned to a domestic company, CEO of the firm, which is a subsidiary of the National Iranian Oil Company announced.
News ID: 7971 Publish Date : 2019/12/16
