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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.
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US military tankers smuggle crude oil from Hasakah to Iraq again
Dec 13, 2020 12:13A convoy of dozens of US tankers has left Syria’s northeastern province of Hasakah for the neighboring Iraq laden with the West Asian country’s crude oil, as Washington continues looting Syria's energy resources.
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Iran’s oil sale to reach 2.3 million bpd next year: President
Dec 09, 2020 06:57Tehran will be selling at least 2.3 million barrels per day of crude in the next Iranian year, President Hassan Rouhani said.
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Iran’s oil output undeterred by flooding in Khuzestan: Ministry
Dec 07, 2020 03:43An Iranian Oil Ministry official has denied reports that flooding in the oil-rich Province of Khuzestan has affected the country’s crude output.
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Speaker stresses ending reliance on oil revenues
Dec 02, 2020 05:07The speaker of Iran’s Parliament described petrodollars as an unreliable source of income while the administration is going to submit its proposed budget bill for the next Iranian fiscal year (which will begin in March 2021) to the parliament.