Tasnim Irans Parliament Speaker Ali Larijani denounced the US government for fomenting wars for the purpose of plundering the Middle Easts oil resources. The US has triggered slaughter in our region and is creating trouble, because it is after the regions oil and assets, Larijani said in an address to an academic ceremony on Monday. He also ...

Tehran Times Iranian Oil Minister Bijan Namdar Zanganeh said oil should not be used as a weapon for achieving political agendas, IRIB reported. Referring to concerns about the security of oil supply in the market, Zanganeh said This has also been our concern, we believe that oil should not be used as a weapon to achieve political agendas because ...

IRNA Efforts made by the US and Saudi Arabia to catch the Iranian sales markets is an oil war, said Iran's deputy petroleum minister for international and commerce affairs on Monday. Amir-Hossein Zamaninia, made the remarks on the sidelines of the 23rd International Oil, Gas, Refining and Petrochemical Exhibition in Tehran. Saudi officials have ...

SHANA - Iranian and Spanish companies have planned to hold the first joint oil and gas joint workshop between the two countries parallel with the 23rd Iran Oil Show in Tehran in May. The workshop will be held on May 7, the second day of the oil show which is slated for May 6 to 9 at Tehran's permanent fairgrounds. Spanish companies active in ...

The Wall Street Journal | Benoit Faucon: Irans oil-and-gas industry was supposed to take off after the nuclear deal. Instead, one of the worlds largest energy sectors is languishing. International oil companies are staying on the sidelines as the Trump administration threatens to rip up the 2016 deal and reimpose oil sanctions lifted in exchange ...

Press TV - Lebanon and Israel have nearly come to blows over Beiruts offshore oil and gas exploration projects, a running standoff that has kept the Middle East on edge considering the tumultuous history between the two sides. It all started last week, when Israel described as very provocative a Lebanese tender for projects in two of its 10 ...

IRNA The 14th International Oil and Energy Exhibition attended by over 180 Iranian and foreign companies opened on Kish Island late on Monday and will continue until January 25. The event is displaying the latest capacities and opportunities of the Iranian energy industry as well as achievements of big industries producing oil, gas, petrochemical,...

MNA An NIDC official said as many as 119 oil and gas wells were drilled and completed over the first nine months of the current Iranian calendar year (began March 21). Corporate Planning Director of National Iranian Drilling Company (NIDC) Naser Gholipour pointed to drilling of 119 new oil and gas wells so far in the current Iranian year, asserting ...

Reuters - Iraq has agreed to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil, Iraqi Oil Minister Jabar al-Luaibi said on Saturday. The agreement signed by the two countries provides for Iran to deliver to Iraqs southern ports, on the Gulf, oil of the same characteristics and in the same ...

IFP - A Turkish-language website has revealed that the US forces along with the Kurdistan Workers Party (PKK) militants are smuggling at least 17,000 barrels of oil out of Syria on a daily basis. The US forces and Kurdish militants have been using a pipeline passing through Hasakah-Ramilan region in Syria with the aim of smuggling Syrias ...

Press TV - Iran says it expects to sign an agreement with Iraq within the next few days based on which it would swap the countrys oil produced in its Kirkuk province with equal amounts in the Persian Gulf. The announcement was made by Irans Petroleum Minister Bijan Zangeneh who said the agreement would be a strategic one. Zangeneh was quoted ...

SHANA - First Vice-President Eshaq Jahangiri says oil, gas and petrochemical industries are the most compliant sectors to the principles of economic resilience. Addressing the opening ceremony of IranPlast Exhibition here in Tehran on Sunday, the official said oil and gas sectors together with the petrochemical industry have set the best records ...

Press TV - Iraq's central government has called on the world countries not to purchase oil from the semi-autonomous Kurdish region in response to a highly controversial referendum on independence, which the Kurdistan Regional Government (KRG) is setto hold on Monday in cleardefiance of Baghdad. According to a statement released by Iraqi Prime Minister ...

MNA Prices for light crude of Iran rose by more than one dollar to be traded at 51 dollars per barrel in the week leading to August 25. As reported by the Iranian Ministry of Petroleum, estimations on arrival of Hurricane Harvey in the Gulf of Mexico had led to a rise in crude prices in global markets. In the seven days leading to August 25,...

Press TV - A Yemeni official says US and UAE operations purportedly against terrorist groups in Shabwah are indeed meant to gain control over oil and gas fields in Yemen's southern province. According to Shabwah Deputy Governor Mohammed Ahmed Abou Harba, the so-called Shabwah elite forces, who have occupied large swaths of the province, serve ...

MNA Iranian Oil Minister Zanganeh, while emphasizing that Iran assumed no barrier to talks with Saudi Arabia on oil market issues, said bilateral talks will continue within framework of national and mutual interests. Bijan Zanganeh touched upon Irans plans for pursuing talks with Saudi Arabia in the field of crude market and continuation of cooperation ...

MNA ICOFC managing director has announced that 20 projects for development of oil and gas fields or enhancement of oil recovery will be put out to tender. Manager of Iran's Central Oil Fields Company (ICOFC) Salbali Karimi said 20 developmental projects in central areas of the country have been put on the agenda and will be carried out in partnership ...

SHANA Managing Director of Export Development Bank of Iran Ali Saleh Abadi says 30 to 40% of the bank's portfolio is used for funding oil, gas and petrochemical projects in Iran. Speaking to Shana on the sidelines of the Press Exhibition in Tehran, he said the bank has been entrusted the National Development Fund of Iran. He said the bank is ...

Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production. But the gains were limited as the market was weighed down by further indications of record output from the group, a sign the glut that ...

Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work. Brent crude futures LCOc1 were trading at $51.59 per barrel at 0133 GMT, down 19 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) ...