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Iran to inaugurate 64 projects by yearend: Oil minister
Jun 11, 2023 06:28Iran’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 03:07A 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 02:56Saudi 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 01:16Given 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 12:25President 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).
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Russian oil exports hit post-war high despite sanctions: IEA
May 16, 2023 10:30Russia's oil exports have hit its highest level since the start of the Ukraine war, increasing its revenues by $1.7 billion despite Western sanctions, the International Energy Agency says.
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Iran denies being paid in African currencies for oil exports to China
May 15, 2023 01:48The Iranian Oil Ministry has denied a report suggesting that it is being paid in African currencies for oil exports to China, saying the claim is just an attempt to undermine Iran’s success in ramping up oil exports in recent months despite the continued pressure of US sanctions.
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Iran among world’s leading countries in development of oil pipelines despite sanctions: Report
May 14, 2023 02:28A US research institute said Iran has ranked first in the world in terms of development of oil pipelines in spite of the sanctions imposed against the country.
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Iran, Iraq sign petroleum deal that puts gas first
May 12, 2023 01:09Iran and Iraq have signed a major petroleum cooperation agreement amid expanding ties between the two energy-rich neighbors.
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Iran’s petrchem output to rise by 14.2% until March
May 03, 2023 02:10Iran has plans to increase its total annual production of petrochemicals by some 14.2% in the calendar year to late March, according to a senior official in the state-run National Petrochemical Company (NPC).