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At 2.2 million bpd, Iran’s oil exports return to pre-sanction levels
Jan 16, 2023 08:50Iran’s overall exports of crude oil, petroleum products, gas, condensates, liquids and LPG have reached 2.23 million barrels of crude oil per day (bpd), which is the same figure as before the sanctions, local media report.
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US occupation forces, SDF militants steal 53 tankers of oil from Syria to Iraqi bases
Jan 15, 2023 04:45US occupation forces and their allied militants have deployed scores of tanker trucks to smuggle crude oil from Syria’s northeastern Province of Hasakah to bases in neighboring Iraq as part of their ferocious attempts to further plunder natural resources in war-torn Syria.
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Iran plans $80 billion of oil, gas investment in 10 years
Jan 10, 2023 09:19Iran plans to carry out 20 oil and gas projects worth about $80 billion in a 10-year period, deputy head of investment at the National Development Fund of Iran (NDFI) has said.
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Iran to inaugurate oil projects worth $8b by late March
Jan 07, 2023 12:15Iranian Oil Minister Javad Owji said several semi-finished oil industry projects totaling $8 billion are expected to be operational by the end of the current Persian calendar year (March 20).
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Afghanistan's Taliban govt. signs oil extraction deal with Chinese company
Jan 06, 2023 12:14The de-facto Taliban government in Kabul has signed a contract with a Chinese company to extract oil from the Amu Darya basin in the country's northern Sar-e Pul Province amid efforts to revive the fledgling economy.
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US Syria looting: Occupation forces smuggle 60 trucks of oil, wheat to Iraq
Jan 06, 2023 11:40The American occupation forces have once again smuggled oil and wheat from Syria to their bases in northern Iraq as Washington continues to loot resources in the war-ravaged Arab country.
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Anger boils in Italy as fuel prices rise again
Jan 04, 2023 12:35The start of the New Year has brought bad news for the Italians. The average price of unleaded petrol at the pump in Italy has once again surged, increasing by over fifteen cents - that is about fifteen percent more compared to December 31st.
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Russia bans oil export to countries using price cap
Dec 28, 2022 06:20Russian President Vladimir Putin has issued a decree banning oil sales to countries and companies that comply with a Western-backed price cap on Russian oil.
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Saudi Coalition forced to release detained Yemeni fuel ships
Dec 25, 2022 04:32Fuel prices have slightly dropped in Yemen after the release of two Yemeni fuel ships that were detained by the Saudi-led coalition earlier this week in the Red Sea.
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Iran halts gasoline exports amid rising domestic demand
Dec 25, 2022 02:38An Iranian Oil Ministry official says the country has halted taking new orders for exports of gasoline as domestic demand for the fuel rises to all-time highs.