Only a few days is left before the unveiling of a big decision which will mostly determine the future of oil market in the upcoming year.
News ID: 7729 Publish Date : 2019/12/02
Russia will raise the issue of excluding condensate from the Opec+ production cut agreement when the group of producer countries meets in Vienna this week, energy minister Alexander Novak said today.
News ID: 7726 Publish Date : 2019/12/03
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
News ID: 7721 Publish Date : 2019/12/02
Load and unload operations for petrochemical and other oil-product cargoes have surged by almost a third in one month at the Iranian ports, indicating that the country has managed to find a way around the US unilateral sanctions which were supposed to paralyze Tehran’s economy.
News ID: 7717 Publish Date : 2019/12/03
The director of the National Iranian Oil Company (NIOC)'s Discovery Department said a new giant oil field is expected to be discovered in southwestern Iran and the discovery operations will be finalized by the end of the current Iranian calendar year (March 2020).
News ID: 7713 Publish Date : 2019/12/03
Chairman of the Board of Directors of Iranian Association of Manufacturers of Oil Industry Equipment said nearly 85 percent of the country’s oil industry equipment are produced based on indigenized knowledge and technology, IRNA reported.
News ID: 7708 Publish Date : 2019/12/03
Iran is planning to indigenize the equipment needed for the manufacturing of downstream petrochemical industries, an industrial official announced.
News ID: 7705 Publish Date : 2019/12/02
The National Iranian Drilling Company (NIDC) has drilled 81 oil and gas wells with a total length of 111,000 in the past 8 months since late March 2019.
News ID: 7704 Publish Date : 2019/12/02
Venezuela's state-owned PdV struck a preliminary agreement with Curacao to hang on to the Isla refinery and Bullen Bay terminal for a transition period of up to one year after its lease expires at the end of December.
News ID: 7693 Publish Date : 2019/12/02
Iran’s North Azadegan oil field, which the country shares with Iraq in the West Karoun region, is producing 75,000 barrels per day of oil steadily, Mehr news agency reported on Sunday, quoting the director of the field’s development project.
News ID: 7689 Publish Date : 2019/11/25
National Iranian Drilling Company (NIDC) has dug 138 oil and gas exploration wells in onshore and offshore areas throughout the country in the past four decades after the victory of Islamic Revolution, Shana quoted the managing director of company as saying.
News ID: 7685 Publish Date : 2019/11/25
Iran Oil, Gas and Petrochemical Products Exports Union (OPEX) is going to hold the first international exhibition of Iranian oil, gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) during February 2-4, 2020 at Tehran Permanent International Fairgrounds.
News ID: 7682 Publish Date : 2019/11/27
Iran’s oil sale will account for just seven percent of the country’s income in the next Iranian calendar year (begins on March 20, 2020), according to Head of Iran's Plan and Budget Organization (PBO) Mohammad Bagher Nobakht.
News ID: 7676 Publish Date : 2019/11/28
The hydrocarbon exploration activities in Iran are expected to result in the discovery of a new major oil reserve within the next few months, an official said.
News ID: 7648 Publish Date : 2019/12/01
Russian energy minister Alexander Novak said Friday it is too early to talk about extending the OPEC+ crude production agreement and the producer group should take a decision closer to April, the Prime news agency reported.
News ID: 7645 Publish Date : 2019/11/30
Iran’s trade with Turkey totaled $5.01 billion during the first 10 months of 2019 to register a decrease of 39.24% compared with the corresponding period of 2018, data released by Turkish Statistical Institute show.
News ID: 7624 Publish Date : 2019/11/29
Opec's Economic Commission Board (ECB) met this week and concluded that crude markets require further monitoring to evaluate the effectiveness of the group's production cut deal.
News ID: 7612 Publish Date : 2019/11/29
Fuel retailers could invest Ps15bn ($750mn) in Mexico next year mostly in 175 greenfield stations — if they can overcome regulatory hurdles — as well as technology to keep up with new rules, industry association Onexpo estimates.
News ID: 7611 Publish Date : 2019/11/29
Venezuela's state-owned PdV is shipping petroleum coke to Cuba to reduce stockpiles of the oil byproduct at the 940,000 b/d CRP refining complex in Falcon state, according to multiple company officials.
News ID: 7588 Publish Date : 2019/11/27
Another prominent figure in Venezuela's US-backed parallel administration has abruptly departed and an oil union leader has quit the main opposition political party in the latest signs of internal discord.
News ID: 7587 Publish Date : 2019/11/27
