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Iran self-sufficient in constructing refinery, petchem plants, developing oil, gas fields: Oil minister
Jun 29, 2023 07:19Iran has become self-sufficient in constructing refinery and petrochemical plants and developing oil and gas fields, Oil Minister Javad Owji said on Wednesday.
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Iran to hike output from oilfield shared with Saudi Arabia
Jun 28, 2023 05:59Iran is preparing to increase its production from an oilfield that is shared with Saudi Arabia in the Persian Gulf.
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Iran inked ‘very good’ oil deals with Latin American states: Minister
Jun 21, 2023 13:56Petroleum Minister Javad Owji has expressed satisfaction over Tehran's recent signing of “very good” agreements in the upstream and downstream sectors of the oil industry with the three Latin American nations of Venezuela, Cuba, and Nicaragua.
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Pakistan pays for first shipment of Russian oil in yuan
Jun 14, 2023 13:29Pakistan has paid for its first import of discounted Russian crude oil in China's yuan, marking a significant shift in the South Asian country's policy of paying for exports in US dollars, and opening a new chapter in the bilateral relations between Islamabad and Moscow.
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Iranian firms expand to Venezuela’s petrochemical sector
Jun 13, 2023 17:26Iran will renovate a petrochemical plant in Venezuela as part of a contract that expands the country’s presence in the South American country’s oil and gas sector.
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Iran to inaugurate 64 projects by yearend: Oil minister
Jun 11, 2023 09:58Iran’s oil minister on Saturday said 64 semi-finished and new projects, valued at $14.5 billion, will become operational and construction operations of 15 projects, valued at $14.3 billion, will begin by the yearend.
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Paper: Saudi crown prince threatened to inflict ‘major’ economic pain on US amid oil feud
Jun 09, 2023 06:37A classified document has revealed that Saudi Crown Prince Mohammed bin Salman (MbS) threatened to impose significant economic costs on Washington after US President Joe Biden warned Riyadh over its decision to slash oil production last fall.
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Saudis snub US push on Tel Aviv ties, oil prices, Syria during Blinken’s high-profile visit
Jun 09, 2023 06:26Saudi officials have snubbed US Secretary of State’s latest push for the Kingdom’s normalization of relations with the Israeli regime and his bid to win further concessions on oil prices and Riyadh’s recent resumption of ties with Syria and Iran during his high-profile visit to Saudi Arabia.
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Iran can produce oil, gas for next 100 years, NIOC chief says
May 28, 2023 04:46Given the existing reserves in the country, Iran is capable of producing oil and gas for the next 100 years, the managing director of the National Iranian Oil Company (NIOC) said.
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President: Unity within OPEC will foil Western plots to sow discord
May 27, 2023 15:55President Seyyed Ebrahim Raeisi of Iran has warned against a Western plot to sow discord among the member states of the Organization of the Petroleum Exporting Countries (OPEC).