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Oil hits one-month highs as IEA, OPEC raise forecasts
Apr 15, 2021 06:27Oil prices increased on Thursday to the highest level in almost a month, after rising 5% in the previous session.
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Iran’s refining capacity up by 24%, second largest in OPEC: Report
Oct 11, 2020 12:12Iran’s capacity for refining crude and other products has increased by nearly a fourth in four years to 2020 to become the second largest in the Organization of Petroleum Exporting Countries (OPEC).
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Iran fulfills dream as it unveils first homemade oil rig
Feb 19, 2020 10:20Iran has unveiled its first oil rig manufactured by domestic companies, fulfilling a dream which the country’s petroleum industry cherished for long.
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Oil producers move to curb output, shore up sagging prices
Feb 04, 2020 11:49OPEC and non-OPEC producers may shave another 500,000 barrels per day off their oil output as the impact from a coronavirus epidemic is weighing on the market.
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Iranian research center obtains expertise for desulfurization of mazut
Jan 31, 2020 03:15Head of a leading Iranian oil research center says it has mastered the technical capability to reduce the sulfur content of mazut, a heavy oil product which is being manufactured in the country in large volumes.
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Iran releases more details about newly discovered gas field
Oct 14, 2019 02:52Iran’s Oil Ministry has updated information about a new gas field discovered south of the country, saying the reservoir holds some 19 trillion cubic feet (around 540 billion cubic meters) of natural gas.
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Iran says Total not withdrawn from SP Phase 11 yet
Aug 12, 2018 09:56Iran says French energy giant Total is still to officially announce its withdrawal from one of the country’s biggest gas projects with a top official saying no change has been occurred in the combination of a consortium formed over the project.
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South Korea oil imports from Iran at 2-year low
Jun 16, 2018 04:54The latest market figures show that South Korea’s imports of crude oil from Iran in May fell to the lowest level over the past two years.
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Iran to spend $21 billion on oil projects: GlobalData
Apr 04, 2018 08:01Iran will dedicate about $21 billion in capital expenditure (capex) on oil projects over the next four years, according to leading market research and analysis firm GlobalData.
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Iran sees oil production steady amid Trump threats
Mar 17, 2018 10:10Iran will not raise oil production in the new Persian year which begins on Wednesday, Managing Director of the National Iranian Oil Company (NIOC) says.