Gas refineries in Iran have undergone major renovation and restructuring programs increasing their daily output to 900 million cubic meters a day, close to the target of 1 billion cubic meters (bcm) a day, a senior Iranian Oil Ministry official Masoud Zardouyan said.
News ID: 7969 Publish Date : 2019/12/16
Iranian Oil Minister Bijan Zangeneh announced that the country’s Patropars Company has been awarded to take charge of the engineering, exploration and basic design sections of Farzad B Gas Field Development Project.
News ID: 7968 Publish Date : 2019/12/16
Chevron, the largest US oil group, announced it has approved the development of a deepwater high-pressure oil project in the Anchor oil field in the US Gulf of Mexico, which will require $5.7 billion investment, in the industry’s first such deep-water high-pressure projec.
News ID: 7957 Publish Date : 2019/12/14
Creditors carried out a rare court-ordered auction of Venezuelan crude in Dutch-controlled Curacao, where Venezuela's national oil company PdV usually succeeds in settling debt-related claims on its assets.
News ID: 7945 Publish Date : 2019/12/13
The Research Institute of the Petroleum Industry (RIPI), a subsidiary of the Iranian oil ministry, has managed to address the technological needs and provision of equipment for the country’s oil industry so much so that the country has saved $200 million since late March 2019.
News ID: 7934 Publish Date : 2019/12/14
The price of delivered 0.5pc low-sulphur fuel oil (LSFO) in Singapore has risen to a premium to 0.1pc low-sulphur marine gasoil (LSMGO) since 6 December, according to Argus data.
News ID: 7924 Publish Date : 2019/12/12
Iran exports 8 million tonnes of methanol in a year, which the US has been unable to affect, despite all claims of American officials.
News ID: 7920 Publish Date : 2019/12/11
Japan's JXTG Nippon Oil & Energy plans to further cut its aromatics production to a 70pc operating rate next month, prompted by negative margins for paraxylene (PX).
News ID: 7906 Publish Date : 2019/12/11
Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50, ISNA reported.
News ID: 7860 Publish Date : 2019/12/09
President Hassan Rouhani said Sunday the country has become self-sufficient in the production of natural gas, gasoline and diesel and has started exporting the three fuels.
News ID: 7823 Publish Date : 2019/12/08
Iranian President Hassan Rouhani said on Sunday that the country's budget bill for the next fiscal year has been set in a way to offset the negative effects of the US sanctions and, hence, includes a significant cut in oil revenues.
News ID: 7811 Publish Date : 2019/12/08
A senior energy official announced that Iran can now export some 25 million to 30 million liters of gasoline per day as a result of the implementation of the gasoline rationing scheme that recently came back into force.
News ID: 7809 Publish Date : 2019/12/08
Saudi Arabia's oil minister Prince Abdulaziz bin Salman today called for faith and trust as the Opec+ producer group strives to formalize an agreement to deepen output cuts.
News ID: 7804 Publish Date : 2019/12/06
Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.
News ID: 7791 Publish Date : 2019/12/06
The non-oil exports from Iran’s province of Semnan hit a total worth of $170 million in the first 8 months of the current local calendar year (March 21- November 22), which indicates a 62% surge in comparison with figures from corresponding period in last year.
News ID: 7786 Publish Date : 2019/12/07
ExxonMobil is awaiting regulatory approval for a 31-well exploration program over three blocks.
News ID: 7780 Publish Date : 2019/12/04
Oil gained on Wednesday ahead of meetings this week where OPEC and its allies are expected to extend production curbs to support the market, while industry data showing that US crude stockpiles fell more than expected helped to lift prices, Reuters reported.
News ID: 7771 Publish Date : 2019/12/04
Iranian engineers and technicians managed to overhaul 22 offshore platforms in the giant South Pars Gas Field in the Persian Gulf, independent of any foreign company or entity and depending 100% on domestic capabilities and potentials.
News ID: 7766 Publish Date : 2019/12/04
Ecuador may renege on its decision to quit its OPEC membership, according to anonymous sources cited by S&P Global Platts, which was supposed to take effect January 1, 2020.
News ID: 7760 Publish Date : 2019/12/03
Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although skepticism about a deal among some analysts limited the gains.
News ID: 7759 Publish Date : 2019/12/03
