Oil

Another gas rig comes on line at Iranian offshore reserve in Persian Gulf

Mar 21, 2020 03:31

Iran has started pumping natural gas from a new offshore drilling rig in the Persian Gulf while a local contractor finishes installation for a separate platform in the region as development efforts continue in Iran’s giant energy sector despite a series of tough sanctions imposed by the United States.
Giant offshore rig installed at oilfield south of Iran

Mar 13, 2020 03:11

Iran says it has successfully installed a giant oil drilling platform at an offshore field south of the country despite reports suggesting the country is having problems keeping its oil rigs active because of the American sanctions on the oil industry.
Oil prices fall further 6 percent

Mar 12, 2020 08:37

Oil prices have plunged a further six percent Thursday after US President Donald Trump announced travel restrictions on Europe to combat the spread of the coronavirus, ramping up fears of more recession.
US lying about how bans are affecting Iran’s access to medicine: Minister

Mar 09, 2020 12:22

Iranian Oil Minister Bijan Namdar Zanganeh has lashed out at the United States for claims that Tehran’s import of medicine and other humanitarian goods are exempt from Washington's unilateral sanctions, calling such claims “a very big lie”.
Saudi Arabia plans to increase oil output next month, well above 10mn bpd: Bloomberg

Mar 08, 2020 05:03

Saudi Arabia, the world's top crude exporter, reportedly plans to increase oil output next month to more than 10 million barrels per day (bpd) after its OPEC+ alliance with Russia collapsed, a move that would throw oil market into chaos.
Iran petrol price hikes caused consumption to fall by 26%: Oil Ministry

Mar 04, 2020 11:34

Iran’s implementation of fuel price hikes last year helped curb rampant use of petrol in the country by more than a fourth, says an Oil Ministry official.
Iran says coronavirus has not affected oil, gas production

Mar 04, 2020 08:10

Iran's Ministry of Petroleum says the coronavirus has not affected Iran’s oil and gas production and that the virus containment at the oil industry has successfully been fulfilled.
Damascus says US smuggling Syria’s oil, selling it to Turkey, other countries

Mar 01, 2020 03:44

Syria has condemned the United States for ‘selling’ the Syrian oil to Turkey and other countries.
Iran's offshore installation proves how sanctions are not bad news

Feb 26, 2020 10:03

Iranian companies have installed a 2,500-tonne offshore platform at phase 13 of the world’s largest gas field in the Persian Gulf, in a further testimony to their burgeoning ability to carry out tasks which until recently were an exclusive prerogative of international energy giants.
Iran fulfills dream as it unveils first homemade oil rig

Feb 19, 2020 10:20

Iran has unveiled its first oil rig manufactured by domestic companies, fulfilling a dream which the country’s petroleum industry cherished for long.