OIL

Iran, China stress creation of joint cooperative committee

Iran and China have agreed to form a joint cooperative committee to enhance collaboration in key economic sectors,…

Pezeshkian urges faster implementation of gas flare collection projects as major contract signed

President Masoud Pezeshkian has emphasized his administration’s commitment to accelerating efforts to curb gas…

Iran pushing for more prominent role for gas exporting group

Iran says it is trying to elevate the position of the Gas Exporting Countries Forum (GECF) in international energy equa…

Iran's oil output vol. increased by 250,000 bpd in Sep.: EIA

The US Energy Information Administration (EIA) in its latest monthly report has announced that Iran’s crude oil…

Iran says UK court ruling on oil firm building was biased, unfair

Iran has expressed dismay at a UK court ruling to confiscate a building in London that belongs to the state oil…

NIOC says legal fight continues to overturn UK ruling on Crescent property seizure

The National Iranian Oil Company (NIOC) says it is continuing legal efforts to overturn a UK Court of Appeal ruling…

Iran's oil exports hit levels unseen since 2018: source

Figures released on Monday by a major international tanker tracking service showed that Iran’s oil exports had reached…

Iran min. declares discovery of major gas, oil reserves in S.

Oil Minister Mohsen Paknejad has announced the discovery of new gas and oil reserves in the Pazan field in the south…

Will India replace Iranian oil with Russian oil?

Similarities of Iranian crude oil to Russian oil offer a cost-effective alternative to Indian importers in case they…

Oil output hits 7-year high with development projects: min.

Iran’s Oil Minister Mohsen Paknejad has said that the country’s oil production volume hit a seven-year high record…