China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed and a rebound in crude prices brought its oil and gas exploration unit closer to breaking even.
News ID: 2179 Publish Date : 2018/08/28
Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike.
News ID: 2156 Publish Date : 2018/06/30
Domestic manufacturers are capable of providing technical services and producing 80% of advanced oil equipment to develop downstream and midstream projects that will be tendered by the Oil Ministry soon, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said.
News ID: 2083 Publish Date : 2018/04/18
Lukoil expects to sign contracts with Iran in 3-4 months to develop the country's oilfields, the head of Lukoil, Russia's oil-producing giant, Vagit Alekperov, announced.
News ID: 2074 Publish Date : 2018/04/14
Gasoline import will decrease by 50% in the summer (June 22 to Sept. 22), the head of National Iranian Oil Products Distribution Company said.
News ID: 2054 Publish Date : 2018/04/09
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, signed a memorandum of understanding on Monday with the Oil Industries Engineering and Construction Company to cooperate in oil and gas development projects.
News ID: 2025 Publish Date : 2018/03/20
In line with policies to help expand domestic companies' scope of exploration and production operations, the National Iranian Oil Company will finalize an agreement with Pasargad Energy Development Company to develop two oilfields, namely Jofeir and Sepehr in Khuzestan Province, within the framework of Iran Petroleum Contracts, the country's new model of contracts for oil and gas projects.
News ID: 2024 Publish Date : 2018/03/20
Iran does not intend to increase crude output in the next fiscal year that starts on March 21, the National Iranian Oil Company’s managing director said on late Friday.
News ID: 2023 Publish Date : 2018/03/20
OPEC oil output fell in February to a 10-month low as the UAE joined other Persian Gulf members in over-delivering on a supply reduction pact, a Reuters survey found, pushing compliance with the deal to its highest yet.
News ID: 1974 Publish Date : 2018/03/03
Russian oil and gas firm Zarubezhneft Company has signed a memorandum of understanding with IDRO Oil, a subsidiary of the Industrial Development and Renovation Organization of Iran, to conduct studies on the development of Susangerd Oilfield in Khuzestan Province.
News ID: 1954 Publish Date : 2018/02/18
Members of parliament on Saturday approved a measure determining the share of the National Development Fund of Iran from all oil and gas export revenues in their latest open session on Saturday to decide on the articles of the fiscal 2018-19 budget law.
News ID: 1950 Publish Date : 2018/02/18
Oil prices have rebounded nearly 60% since June, with Brent crude rising to three-year highs of above $71 a barrel, prior to a pullback last week that wiped out its gains for 2018.
News ID: 1949 Publish Date : 2018/02/15
Iranian firms have the capacity to provide up to 70% of equipment needed by South Pars Phase 11, which is due to be developed by France’s Total and its partners, chairman of the board of directors of Iranian Petroleum Industries Equipment Manufacturers Association said.
News ID: 1948 Publish Date : 2018/02/15
Fitch Ratings says Shell, Total and British Petroleum are adjusting their operations to match the realities of an under-$60-barrel price in the long run, according to a new report by Forbes.
News ID: 1933 Publish Date : 2018/02/13
With years of austerity in their rear-view mirrors, the world’s biggest oil companies are locked in a contest to lure investors with promises of growth and greater rewards.
News ID: 1932 Publish Date : 2018/02/13
Saudi Arabian Oil Company and Malaysia’s state-owned oil firm are close to raising an $8 billion loan to partly finance the construction of a planned refinery and a petrochemical complex in the Southeast Asian nation, people familiar with the matter said.
News ID: 1917 Publish Date : 2018/02/09
In lines with efforts to boost output in Karoun Oil and Gas Production Company, operations to drill a series of developmental and repair wells have been completed successfully in the last 10 months, managing director of Karoun Oil and Gas Production Company said.
News ID: 1916 Publish Date : 2018/02/09
Pars Petro Zagros Engineering and Services Company has signed a memorandum of understanding with the National Iranian Oil Company to conduct studies on an onshore oilfield in Khuzestan Province.
News ID: 1914 Publish Date : 2018/02/09
Oil held mostly steady on Wednesday, as the boost from a report showing a drop in US crude inventories last week was offset by evidence of soaring US output. Brent crude futures edged down 11 cents to $66.75 a barrel, while US West Texas Intermediate crude futures eased 12 cents to $63.27 a barrel, CNBC reported.
News ID: 1913 Publish Date : 2018/02/09
A new monthly record on oil tanker traffic in South Pars in Asalouyeh, Bushehr Province, has been registered, which shows a sharp rise in the volume of gas condensate trade.
News ID: 1912 Publish Date : 2018/02/09
