Iran's top engineering and energy enterprise MAPNA Group signed a deal with National Iranian Oil Company (NIOC) on Saturday for the development of Parsi and Paranj oil fields in the southwestern province of Khuzestan.
News ID: 8421 Publish Date : 2020/02/08
Production capacity of Darkhoein oil field in southwestern Iran is increased by 20,000 barrels per day (bpd) over the course of the past 12 months, Shana reported, quoting the head of Arvandan Oil and Gas Company, which is in charge of the field.
News ID: 8409 Publish Date : 2020/02/06
Iranian Oil Minister Bijan Namdar Zanganeh said the country’s biggest plant for collecting and processing of Associated Petroleum Gas (APG) is going to be launched early next calendar year which begins on March 20.
News ID: 8408 Publish Date : 2020/02/06
The first edition of Iran International Downstream Oil Industries Exhibition kicked off at the Tehran Permanent International Fairgrounds on Sunday, IRIB reported.
News ID: 8393 Publish Date : 2020/02/04
Managing Director of National Iranian South Oil Company (NISOC) says his company has successfully indigenized the knowledge for the production of over 1,000 oil equipment items over the past 12 months, Shana reported.
News ID: 8392 Publish Date : 2020/02/04
Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that OPEC nations should try to balance the oil market which has tumbled as the worries over the impacts of the coronavirus continue to grow.
News ID: 8382 Publish Date : 2020/02/04
Fears over the spread of the Coronavirus continue to overshadow the oil market as the number of people sickened by the virus has exceeded 10,000 globally and the death toll in China has passed over 200.
News ID: 8370 Publish Date : 2020/02/02
Two new oil products, namely Propylene and Normal Hexane, are going to be offered at Iran Energy Exchange (IRENEX) for the first time next week, IRNA reported on Monday, quoting the managing director of IRENEX.
News ID: 8366 Publish Date : 2020/01/27
Iran is at present producing 85% of its needs to oil industry equipment despite the harshest-ever sanctions imposed against the country by Washington, an official said.
News ID: 8325 Publish Date : 2020/01/23
Venezuela's opposition-run parallel administration is close to an agreement with Aruba to suspend a lease on oil assets managed by Citgo Petroleum, the US refining subsidiary of Venezuelan state-owned PdV.
News ID: 8319 Publish Date : 2020/01/23
Brazil's fresh overture to Opec threatens to revive government discord over a proposed membership commitment that could restrict the non-Opec country's future pre-salt production growth.
News ID: 8317 Publish Date : 2020/01/23
Bolivia's interim government is accusing Venezuela's state-owned PdV of funneling cash to exiled former president Evo Morales to destabilize his estranged country.
News ID: 8284 Publish Date : 2020/01/10
Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising US inventories and other signs of ample supply.
News ID: 8278 Publish Date : 2020/01/10
The number of passengers using road-based public transport services has increased to 100 million in the nine Iranian months ending Dec. 21 from 92 million during last year’s corresponding period, says an official with Iran Road Maintenance and Transportation Organization.
News ID: 8275 Publish Date : 2020/01/08
The United Arab Emirates’ energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases housing US forces in Iraq.
News ID: 8274 Publish Date : 2020/01/08
Malaysia's only styrene monomer (SM) producer, Idemitsu Styrene Monomer (ISM), has reduced operating rates by 10pc at its 241,000 t/yr unit this month because of negative production margins.
News ID: 8268 Publish Date : 2020/01/09
Chinese government officials will visit Washington next week to sign a "phase one" trade deal with the US, China's commerce ministry said today.
News ID: 8259 Publish Date : 2020/01/09
Washington will not retaliate militarily after an Iranian missile attack on US military bases in Iraq, President Donald Trump said today.
News ID: 8246 Publish Date : 2020/01/08
Demand for CPC Blend and BTC Blend crudes is likely to remain strong this year, but the outlook for Russian Urals is more mixed.
News ID: 8240 Publish Date : 2020/01/07
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike which martyred a top Iranian military commander in Iraq.
News ID: 8234 Publish Date : 2020/01/06
