Phase 14 of South Pars gas field (in the Persian Gulf) is going to come on stream in the upcoming Iranian calendar year of 1399 (starts on March 20, 2020), Shana reported, quoting Iranian Oil Minister Bijan Namdar Zanganeh as saying on Monday.
News ID: 7192 Publish Date : 2019/10/08
As one of the world’s top oil producers, Iran for long has been among the major crude suppliers to Asia and due to its high quality reserves which are significantly low in sulfur, many Asian refineries are designed to solely process various grades of Iranian crude oil and gas condensate.
News ID: 7191 Publish Date : 2019/10/08
Iranian parliament (Majlis) speaker Ali Larijani said the parliament has not still made any decision about rationing the subsidized gasoline, Tasnim news agency reported.
News ID: 7182 Publish Date : 2019/10/07
National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at the international ring of Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
News ID: 7177 Publish Date : 2019/10/06
Iranian Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran will use any possible way to export its oil, stressing that exporting crude was the country’s legitimate right.
News ID: 7175 Publish Date : 2019/10/06
The first phase of the development project of Azar oil field, in western Iran, is expected to be completed by the end of the current Iranian calendar year (March 19, 2020), managing director of Iran's Petroleum Engineering and Development Company (PEDEC) said.
News ID: 7172 Publish Date : 2019/10/05
Big oil companies need to cut oil production by 35% by 2040 in order to preserve shareholder value in a changing world, Carbon Tracker, a London-based think tank researching the impact of climate change on financial markets, has warned.
News ID: 7126 Publish Date : 2019/11/03
Opec and its non-Opec allies are discussing the possibility of deepening their production cuts when they next meet in Vienna early next month, according to Iran's oil minister Bijan Namdar Zanganeh.
News ID: 7119 Publish Date : 2019/11/04
Spanish integrated firm Repsol further reduced its exposure to its upstream business in Venezuela in the third quarter thanks to a small provision and a rise in crude receipts from the country.
News ID: 7118 Publish Date : 2019/11/04
Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
News ID: 7100 Publish Date : 2019/10/29
Russia lowered its oil output to 11.23 million barrels per day last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday.
News ID: 7099 Publish Date : 2019/11/02
Argentina authorized a 5pc increase in retail motor fuel prices as it continues to dismantle a 90-day oil price freeze that was imposed in August.
News ID: 7072 Publish Date : 2019/10/31
State-controlled Taiwanese refiner CPC has issued a new term tender to buy US West Texas Intermediate (WTI) crude, and has again requested a pricing formula using Argus' WTI Houston benchmark.
News ID: 7069 Publish Date : 2019/11/01
Brazil is targeting a Greek-flagged tanker as the source of a catastrophic oil spill that has spread across the northeastern coast.
News ID: 7066 Publish Date : 2019/11/01
Brazil's president Jair Bolsonaro and mines and energy minister Bento Albuquerque plan to meet next week to discuss an invitation to join Opec.
News ID: 7062 Publish Date : 2019/11/01
Iran would need oil priced at $194.6 a barrel to balance its budget next year, the International Monetary Fund said.
News ID: 7040 Publish Date : 2019/10/29
Global markets are “awash” in crude thanks to the surge in US oil output, and the boom looks set to continue, US Energy Secretary Rick Perry said in a Bloomberg TV interview.
News ID: 7039 Publish Date : 2019/10/27
Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
News ID: 7038 Publish Date : 2019/10/29
The trustees of a controversial bond issued by Venezuela's state-owned PdV have been thrust into a political struggle for control of the country's most valuable overseas asset, US refiner Citgo.
News ID: 7027 Publish Date : 2019/10/29
Brazil's president Jair Bolsonaro has hinted at the possibility of bringing his country into Opec, a move that would add significant volume to the supply pool controlled by the producers' group.
News ID: 7020 Publish Date : 2019/10/30
