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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.
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Minister: Iran’s oil output reaches 3 million barrels per day
Dec 21, 2022 09:48Iran’s oil production has reached 3 million barrels per day, Minister of Petroleum Javad Owji says.
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UN calls on US to lift Iran sanctions, extend waivers on oil trade
Dec 20, 2022 09:04The United Nations has called on the United States to lift or waive its sanctions against Iran as per the 2015 nuclear agreement, and to extend the waivers regarding the trade in oil with the country.
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Iran’s IRGC seizes ship smuggling 330k liters of fuel in Persian Gulf, arrests entire crew
Dec 15, 2022 05:32A high-ranking Iranian Judiciary official says the Islamic Revolution Guards Corps (IRGC) has confiscated a tanker ship carrying over 300,000 liters of smuggled fuel in the Persian Gulf waters and arrested all crew members.