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Iran will restore crude output to pre-sanction levels within one day: NISOC chief
Jan 18, 2021 03:36A 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.
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A manufactured crisis: How Saudi Arabia uses oil to bring Yemen to its knees
Jan 10, 2021 17:51By 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.
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Iran to begin commercial operations at oilfield shared with Iraq: Contractor
Jan 06, 2021 12:05A contractor working for the Iranian Oil Ministry says production from a joint oilfield located at the border with Iraq is to begin soon.
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Narrowing of OPEC+ cuts insignificant to global supply: Zanganeh
Jan 06, 2021 02:27Iranian 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.
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Oil’s vaccine trade faces hurdles ahead
Dec 24, 2020 17:09The 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.
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IRGC contractor unveils second long range crude tanker
Dec 22, 2020 14:29Iran’s elite military force the IRGC (Islamic Revolutionary Guard Corps) has unveiled a second-long range crude tanker built by its engineering and construction headquarters, a sign the force keeps expanding its growth capacities in neutralizing the illegal bans imposed by the United States.
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Iran welcomes Russian investors as oil minister ends Moscow visit
Dec 22, 2020 09:01Minister of Petroleum Bijan Zangeneh has called Russia a “strategic partner” during a visit to Moscow and invited Russian companies to invest in the Islamic Republic.
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Iran’s Zanganeh off to Moscow to meet new Russian energy minister
Dec 21, 2020 03:08Iran’s Oil Minister has travelled to Russia to meet the country’s newly-appointed energy minister as the two oil and gas powers plan to deepen cooperation and are going to hold talks on Iran’s energy exports.
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73 US trucks loaded with military, logistic equipment in Syria’s Hasakah: SANA
Dec 20, 2020 15:47Another convoy consisting of 73 US Army vehicles loaded with weapons, military equipment and logistic reinforcement has arrived in Syria’s oil-rich northeastern province of Hasakah from Iraq.
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Iranian tanker loading Venezuelan crude for export: Report
Dec 16, 2020 02:55A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export as the two countries apply new tactics to expand their trade in defiance of US sanctions, a report says.