-
25th Iran Oil Exhibition underway in Tehran as US sanctions fail
Jan 25, 2021 06:19The 25th Exhibition of Iran’s Oil, Gas, Refining and Petrochemical Products is being held in Tehran.
-
Maduro slams ‘terrorist attack’ on Venezuelan oil company’s pipeline
Jan 24, 2021 12:50Venezuelan President Nicolas Maduro has condemned a “terrorist attack” on a major gas pipeline at a time when the Latin American country is already reeling from fuel shortages due to illegal US sanctions against Caracas.
-
Iran’s gas output tops 1 bcm/d amid calls for efficiency
Jan 24, 2021 06:04Iran’s production of natural gas has finally topped a long-awaited mark of one billion cubic meters per day (bcm/d) as authorities urge households and businesses to become more efficient in consumption.
-
World needs Iran’s oil, gas: President Rouhani
Jan 21, 2021 13:06President Hassan Rouhani said the world needs Iran’s oil and gas, adding that the country can turn into a regional hub for producing and exporting gas and electricity.
-
Syria condemns US systematic looting of its resources, calls for immediate withdrawal of occupation forces
Jan 21, 2021 05:35Damascus has strongly condemned the actions of US occupation forces in the country’s northeast, saying they amount to a blatant violation of the Syrian sovereignty and territorial integrity, and a flagrant breach of international law.
-
Iran will restore crude output to pre-sanction levels within one day: NISOC chief
Jan 18, 2021 07:06A senior Iranian Oil Ministry official says crude output in the country can be restored to levels recorded before the US sanctions were imposed on the country in 2018 only in a matter of a single day.
-
A manufactured crisis: How Saudi Arabia uses oil to bring Yemen to its knees
Jan 10, 2021 21:21By manufacturing an oil crisis in Yemen, Saudi Arabia is able to foment political chaos in the country and stir up popular discontent against domestic oil companies.
-
Iran to begin commercial operations at oilfield shared with Iraq: Contractor
Jan 06, 2021 15:35A contractor working for the Iranian Oil Ministry says production from a joint oilfield located at the border with Iraq is to begin soon.
-
Narrowing of OPEC+ cuts insignificant to global supply: Zanganeh
Jan 06, 2021 05:57Iranian Oil Minister Bijan Namdar Zanganeh says a Tuesday decision by an international grouping of oil producers known as OPEC+ to slightly narrow supply cuts agreed for January would not have a significant impact on global prices.
-
Oil’s vaccine trade faces hurdles ahead
Dec 24, 2020 20:39The world’s major oil forecasters – the International Energy Agency, the US Energy Information Administration and the Organization of Petroleum Exporting Countries – slowly began to factor the coronavirus into their outlooks, initially seeing its impact limited to China. But by April it was apparent that the disease was spreading rapidly elsewhere. Forecasts for 2020 oil demand were slashed and they haven’t recovered much in subsequent months as the statistic charts shows.