US after region’s oil: Iranian Speaker
Tasnim – Iran’s Parliament Speaker Ali Larijani denounced the US government for fomenting wars for the purpose of plundering the Middle East’s…
Tag Archives: Oil
Oil not to be used as a weapon to achieve political goals: Zanganeh
Tehran Times – Iranian Oil Minister Bijan Namdar Zanganeh said oil should not be used as a weapon for achieving political agendas,…
US, S. Arabia seeking oil war with Iran
IRNA – Efforts made by the US and Saudi Arabia to catch the Iranian sales markets is an oil war, said Iran’s…
Iran, Spain to hold joint oil-gas workshop
SHANA – Iranian and Spanish companies have planned to hold the first joint oil and gas joint workshop between the two countries…
Iran’s oil boom hasn’t showed up
The Wall Street Journal | Benoit Faucon: Iran’s oil-and-gas industry was supposed to take off after the nuclear deal. Instead, one of…
Israel, Lebanon step up war talk over Mediterranean oil, gas fields
Press TV – Lebanon and Israel have nearly come to blows over Beirut’s offshore oil and gas exploration projects, a running standoff…
14th Int’l Oil, Energy Exhibition opens on Kish Island
IRNA – The 14th International Oil and Energy Exhibition attended by over 180 Iranian and foreign companies opened on Kish Island late…
NIDC drills 119 oil, gas wells
MNA – An NIDC official said as many as 119 oil and gas wells were drilled and completed over the first nine…
Iraq and Iran sign Kirkuk oil swap deal
Reuters – Iraq has agreed to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield…
US smuggling out Syria’s oil resources: Turkish website
IFP – A Turkish-language website has revealed that the US forces along with the Kurdistan Workers’ Party (PKK) militants are smuggling at…
Iran says oil swap deal with Iraq imminent
Press TV – Iran says it expects to sign an agreement with Iraq within the next few days based on which it…
Oil, gas most compliant sectors to economic resilience: Veep
SHANA – First Vice-President Eshaq Jahangiri says oil, gas and petrochemical industries are the most compliant sectors to the principles of economic…
Iraq urges world countries not to buy oil from Kurdish region
Press TV – Iraq’s central government has called on the world countries not to purchase oil from the semi-autonomous Kurdish region in…
Iran’s light crude prices hit $51 per barrel
MNA – Prices for light crude of Iran rose by more than one dollar to be traded at 51 dollars per barrel…
US, UAE forces in southern Yemen seize oil resources: Report
Press TV – A Yemeni official says US and UAE operations purportedly against terrorist groups in Shabwah are indeed meant to gain…
Iran sees no barriers to oil talks with Riyadh
MNA– Iranian Oil Minister Zanganeh, while emphasizing that Iran assumed no barrier to talks with Saudi Arabia on oil market issues, said…
Iran to invite 20 oil, gas tenders
MNA– ICOFC managing director has announced that 20 projects for development of oil and gas fields or enhancement of oil recovery will…
Bank allots 40% of resources to oil, energy projects
SHANA– Managing Director of Export Development Bank of Iran Ali Saleh Abadi says 30 to 40% of the bank’s portfolio is used…
Oil prices rise from one-month lows after OPEC approves strategy
Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that…
Oil prices drop as Iraq says doesn’t want to join OPEC cut
Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to…
Oil prices fall over doubts that non-OPEC producers will cut output
Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has…
Finance minister says Iran seeks ‘resilient’ economy
Iran is pursuing a “resilient economy” that is less dependent on oil, has reduced nonperforming loans in its banking sector and is…
Oil jumps after report OPEC reaches deal to limit crude output in November
Oil prices settled up nearly 6 percent on Wednesday after OPEC sources said the group has struck a deal to limit crude…
Rouhani: Iran supports any move for oil market, price stability
TEHRAN, Sept 18 (Shana) — President Hassan Rouhani says Tehran supports any move for stabilization of the market and improvement of…
Oil rigs only taste of things to come in Russian-Iranian economic cooperation
Over the weekend, Russia signed a deal with Iran to build $1 billion worth of offshore drilling rigs. Speaking to Sputnik, a…
No oil freezing plan to succeed in Iran’s absence
Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major…
Iran to discuss new oil, gas contracts with Russian partners soon
Co-chair of the Russia-Iran joint economic commission and Iranian Communications Minister Mahmoud Vaezi said that Tehran welcomes close cooperation with oil companies…
Iran crude oil exports reach new highs
The latest market figures show that Iran’s exports of crude oil have already reached the highest levels in more than four years. …
Biggest oil market embraces Iran once again as Asia imports jump
At the biggest oil market in the world, crude from Iran is back in vogue. The Persian Gulf state boosted exports to…
Iran moves with Qeshm Island terminal, bunkering plans
Iran is moving forwards with its plan to develop Qeshm Island with a host of new facilities – including a bunkering operation being billed…
$200bn required for investment in oil, gas sector
TEHRAN, Jun. 15 (MNA) – Oil minister has made an entreaty to Parliament to ‘converge in keeping unity and solidarity’ to attract…
FM: Iran has regained oil dues from foreign countries
Tehran, June 12, IRNA – Foreign Minister Mohammad Javad Zarif said Iran has regained the oil money which was inaccessible for the…
World’s top oil exporter aiming for gas imports
Saudi Arabia is considering importing natural gas as the top global crude seller struggles with burgeoning domestic consumption. The state energy firm,…
Global giants to participate in Iran Oil Show
TEHRAN-International prominent oil companies will take part in the 21st International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show…
Saudi Arabia to kick its oil habit?
Alwaght- Recovering from an addiction does not happen overnight. It is an excruciating process that takes commitment and the stamina to endure…
Iran welcomes Poland’s oil, gas investment
TEHRAN, Apr. 30 (MNA) – Iran’s ambassador to Warsaw has said the country welcomes Polish companies’ joint investment ventures with Iranian counterparts…
30% rise in North Azadegan oil deposits
TEHRAN, April 30 (Shana) –- Engineering studies over North Azadegan oilfield indicate that the field holds 30% more crude oil in…
IOOC to boost storage capacity to 25 barrels
TEHRAN, April 27 (Shana) –- Iranian Offshore Oil Company (IOOC) will boost its storage capacity to 25 million barrels by repairing…
Witnesses say Daesh smuggled Syrian oil to Turkey
People living near a recently-liberated oil field in northern Syria say Daesh terrorists smuggled oil from the facility to Turkey through their…
Oman offers to calm Iran-Saudi oil row
Oman on Monday offered to narrow differences between Saudi Arabia and Iran over efforts to stabilize the global crude market. “Oman has…