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Iran starting works to develop key oilfield shared with Iraq
Nov 08, 2022 14:20The National Iranian Oil Company (NIOC) says development works on a key oilfield shared with Iraq will start within days as Iran moves ahead with plans to expand its massive petroleum industry despite sanctions imposed by the United States.
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Iran’s non-oil exports top $28.4bn in 7 month to October
Oct 30, 2022 02:44Iranian customs office's (IRICA) data show the country continued to export increased volumes of commodities and products to other countries in October.
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American military forces smuggle wheat crops, crude oil from northeast Syria to Iraq's Kurdistan
Oct 27, 2022 13:54As part of the US military’s systematic smuggling of basic commodities out of Syria, a convoy of nearly two dozen US military trucks and tankers has carried tons of grain and crude oil from the northeastern province of Hasakah to the semi-autonomous Kurdistan region in northern Iraq.
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World is in its 'first truly global energy crisis': IEA's Birol
Oct 26, 2022 02:34Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis”, the head of the International Energy Agency (IEA) said on Tuesday.
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Iran minister warns of ‘irreparable’ impact of sanctions on gas suppliers
Oct 25, 2022 15:29Minister of Petroleum Javad Owji has rebuked Western sanctions “on the most important owners of natural gas reserves”, saying their impact is “irreparable”.
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Turkey calls for end to embargoes on Iran, Venezuela amid global energy crisis
Oct 21, 2022 10:55Turkey has called for removal of Western sanctions on Iran and Venezuela amid the global energy crisis triggered by Russia's military campaign in Ukraine, and the fact that skyrocketing energy prices are compounding a cost-of-living crisis for hundreds of millions of people.
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Biden to release 15m more barrels from US oil reserves ahead of midterm elections
Oct 19, 2022 05:59US President Joe Biden is set to announce the release of 15 million barrels of strategic oil reserves in a bid to counter soaring energy prices ahead of midterm elections, with more releases possible if energy prices spike, a senior US official said.
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Iran starts refining its crude oil in Venezuela: Oil minister
Oct 17, 2022 02:12A first oil refinery processing Iranian crude oil outside of the country has started its operation, according to a statement by the Iranian Oil Minister Javad Owji who says the project in Venezuela will be replicated in other parts of the world.
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Senators call for halting arms sales to Riyadh, pulling US weaponry out of Saudi Arabia
Oct 16, 2022 03:30US senators have called for halting sales of American weaponry to Riyadh, and pulling out what arms were already there to “right-size [the] relationship with Saudi Arabia.”
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Iran says it has revived oil swap deal with Kazakhstan after 10 years
Oct 15, 2022 16:20Iran has agreed to resume an oil swap deal with Kazakhstan some 10 years after the deal stalled due to technical and political problems.