National Iranian Oil Products Distribution Company and Bank Mellat signed an agreement on Sunday to contribute to a plan to convert gasoline-based vehicles to hybrid CNG engines.
News ID: 7973 Publish Date : 2019/12/15
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
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
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised big questions about global demand for crude.
News ID: 7937 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
Global oil inventories could increase by 700,000 b/d in the first quarter next year, despite deeper output cuts agreed last week by the Opec+ alliance of producer countries, the IEA said today in its latest Oil Market Report (OMR).
News ID: 7926 Publish Date : 2019/12/12
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
Dwindling oil flow and obscure ties at Venezuelan state-owned PdV's PetroZamora joint venture offer a glimpse into the broader decline of an Opec-founding country now better known for involuntary over-compliance with its elusive output quota.
News ID: 7922 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
Iranian scientists at the Islamic Azad University of Khorramabad in Western Iran manufactured a four-wheel vehicle which does not need any fossil fuel and runs with clean energies.
News ID: 7917 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
Dutch-controlled Curacao is awaiting Venezuelan state-owned PdV's response to a draft proposal to continue operating the Isla refinery and Bullen Bay terminal until a new operator is lined up.
News ID: 7901 Publish Date : 2019/12/09
On Monday, Tehran Municipality gathered urbanists, tech aficionados and communication policymakers for a two-day event dubbed Smart Tehran Confab that was certainly not smart, as what was spotlighted was neither innovative nor promising.
News ID: 7891 Publish Date : 2019/12/10
Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-US trade war.
News ID: 7890 Publish Date : 2019/12/09
Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.
News ID: 7867 Publish Date : 2019/12/09
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
China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
News ID: 7824 Publish Date : 2019/12/08
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
