Russian President Vladimir Putin said on Friday Russia was ready to sell gas to Saudi Arabia after he flagged off the first loading of liquefied natural gas at the Novatek-led Yamal LNG project in the Arctic.
News ID: 1640 Publish Date : 2017/12/11
Iraq has signed an agreement with Iran to export crude from its Kirkuk Oilfield at a rate of between 30,000 and 60,000 barrels per day, an Iraqi oil official said on Saturday.
News ID: 1639 Publish Date : 2017/12/11
One of China’s biggest state-held companies, Sinopec, is suing Venezuela’s debt-ridden state oil firm PDVSA in a US court over unpaid bills, in a sign that China may be losing patience with its Latin American ally and is changing tone and tactics.
News ID: 1638 Publish Date : 2017/12/11
Iraq and Turkey are willing to cooperate with Iran in expanding and modernizing the country's aging gas stations, managing director of filling stations' planning and research center said.
News ID: 1637 Publish Date : 2017/12/11
The head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, Iraqi Oil Minister Jabar al-Luaibi said on Wednesday.
News ID: 1635 Publish Date : 2017/12/11
Oil prices fell on Wednesday after a surprise rise in US inventories of refined products in what the market interpreted as a sign of flagging demand.
News ID: 1628 Publish Date : 2017/12/11
A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs.
News ID: 1627 Publish Date : 2017/12/11
Austria's HOT Engineering Company signed a contract with the Industrial Development and Renovation Organization of Iran to provide much-needed consultancy services, technical support and a master development plan to study the expansion of Susangerd Oilfield in Khuzestan.
News ID: 1626 Publish Date : 2017/12/11
Profiting from higher global energy prices, Iran is shipping out larger volumes of gas condensates, a type of ultra light crude, on the strength of additional supplies from the giant South Pars Gas Field in the Persian Gulf.
News ID: 1619 Publish Date : 2017/12/06
Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end of 2018 to try to reduce the global oil glut.
News ID: 1608 Publish Date : 2017/12/02
Iran's tanker shipping company plans to expand cooperation with Norwegian suppliers of parts for oil tankers while pushing for measures to align with global environmental standards, head of the National Iranian Tanker Company said.
News ID: 1596 Publish Date : 2017/11/27
While OPEC is said to be mostly leaning toward a nine-month extension of the production cuts, Russia’s Energy Minister Alexander Novak and major Russian oil companies discussed last week a six-month extension after March 2018, and all but one company said they were ready to extend, Russia’s TASS news agency reported on Tuesday, quoting two sources who had attended the meeting.
News ID: 1580 Publish Date : 2017/11/24
Iranian Oil Minister Bijan Namdar Zanganeh says Total S.A.'s contract with Tehran to develop Phase 11 of the South Pars Gas Field is "legally binding" and the French energy major cannot walk away from the deal under normal circumstances.
News ID: 1563 Publish Date : 2017/11/20
Operations to swap the fifth batch of crude oil consignment from the Caspian Sea littoral states to the port of Neka in northern Iran with deliveries in the Persian Gulf were carried out successfully, deputy operations manager at Iranian Oil Pipeline and Telecommunications Company said.
News ID: 1551 Publish Date : 2017/11/16
Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.
News ID: 1539 Publish Date : 2017/11/14
Iran's crude oil prices continued to advance in the week to November 3, following the trail of international oil benchmarks which have rallied to their peak levels in more than two years.
News ID: 1531 Publish Date : 2017/11/12
Iran's crude oil crossed the $57-a-barrel threshold for the second time this year as global prices continue to draw support from the prospect of extending a supply cut agreement between OPEC and non-OPEC producers.
News ID: 1517 Publish Date : 2017/11/08
Metso has received four major valve orders for the oil and gas industry from Chinese petrochemical customers. All orders are for greenfield investments and have been booked in Metso's orders received starting from the first quarter of 2017, with subsequent quarterly bookings in 2017 and continuing to 2018
News ID: 1502 Publish Date : 2017/11/04
Oil prices rose on Friday, nearing their highest levels in more than two years, with buyers attracted by expectations of an extension to a global pact to cut output that has reduced oversupply.
News ID: 1499 Publish Date : 2017/11/04
Oil prices will edge up to $56 a barrel next year from this year’s $53 a barrel level on rising demand, continued production cuts from producers and stabilizing US shale output, the World Bank said.
News ID: 1481 Publish Date : 2017/10/30
