-
Oil tanker catches fire off UAE coast
Jan 29, 2020 15:46An oil tanker has caught fire in the Persian Gulf near the coast of the United Arab Emirates but there is no information available on what caused the incident.
-
Non-oil exports boosting Iran’s incomes: President
Jan 23, 2020 03:14Iran’s national income has gone up thanks to a rise in the exports of non-oil goods, President Hassan Rouhani said on Wednesday.
-
Iran first OPEC nation to produce, export oil processing catalysts: Manufacturer
Jan 22, 2020 02:20Iran has become the first member state of the Organization of the Petroleum Exporting Countries (OPEC) that can produce and export sophisticated catalysts used in oil and gas processing.
-
Official: Iran to announce discovery of new oil field soon
Dec 24, 2019 10:22The National Iranian Oil Company (NIOC) expects to announce the discovery of a new oil field in Khuzestan province before the end of the current Persian year in March 2020, a NIOC official says.
-
Iran warns of US plot to control Syria’s oil
Dec 19, 2019 10:01President Hassan Rouhani lashed out at the US government for its attempts to gain control of Syria’s oil resources, calling for closer cooperation among Iran, Turkey and Syria to implement the Astana Peace Process.
-
Iran offers discounts of up to $8.5 a barrel for oil sold at local bourse
Dec 18, 2019 13:03The National Iranian Oil Company (NIOC) is offering significant discounts for a planned sell-off of crude and condensates in a local energy bourse as the government tries to use the mechanism to bypass the American sanctions imposed on direct oil exports.
-
How technology is aiding the oil, gas industry
Dec 17, 2019 16:51The oil and gas industry is adopting technology at a faster pace with a view to improving its efficiency and remaining relevant in the dynamic digital environment. These companies are revamping their operations, which helps them remain competitive in the modern-day playing field. Technology has helped turn the fortunes of many companies around.
-
US sanctioning Iran to make room for its shale oil: Zangeneh
Dec 17, 2019 11:26Iran’s Minister of Petroleum Bijan Zangeneh says US sanctions on the Iranian oil industry, apart from being a measure of political pressure, aim to open up the world oil market to American shale oil.
-
Iran inventing new mechanisms to circumvent US oil sanctions: Official
Dec 13, 2019 03:20A senior Iranian official has said that the government has come up with new initiatives to circumvent the oil sanctions imposed by the United States.
-
Iran says Russia’s demand from OPEC+ on condensates rightful
Dec 06, 2019 03:37Iran has backed Russia’s request from the Organization of the Petroleum Exporting Countries (OPEC) that oil condensates should not be included in the country's overall output figures as others suggest Moscow is violating a pact meant to reduce the global supply.