Tuesday, 20 April , 2021
Oil Industry Archives - Iran News Daily
IOIV inks four deals to support domestic companies 12 Apr 2021

IOIV inks four deals to support domestic companies

Iranian Oil Industry Ventures (IOIV), a newly established semi-governmental entity that is helping startups active in oil industry, has signed four deals with domestic companies in order to support their activities in the current Iranian calendar year (started on March 21).

Sanctions force presure on Oil industry 05 Jan 2021

Sanctions force presure on Oil industry

Iranian First Vice President said on Tuesday that the oil and gas sector has undergone the most pressure from the sanctions, adding that the oil and gas and petrochemical sectors are crucial for the economic development of the country.

Iran Providing 90% of Refining Parts by Domestic Manufacturers 11 Oct 2020

Iran Providing 90% of Refining Parts by Domestic Manufacturers

An official with the Tehran Oil Refining Company said more than 90% of the company's refining parts and equipment are provided by domestic manufacturers.

Khatam-al Anbiya Headquarters Breaks Total Co. Oil Record 06 Oct 2020

Khatam-al Anbiya Headquarters Breaks Total Co. Oil Record

The head of Khatam-al Anbiya Construction Headquarters said while Iran is under the most severe sanctions, it is getting ready to put the NGL project west of Karun in operation.

Iranian Oil Exports Jump in September 26 Sep 2020

Iranian Oil Exports Jump in September

Iranian oil exports have risen sharply in September in defiance of US sanctions, three assessments based on tanker tracking showed.

Launching First Phase of Jask Oil Terminal by March: Project official 02 Sep 2020

Launching First Phase of Jask Oil Terminal by March: Project official

The first phase of Iran’s key oil terminal in Jask region on the Sea of Oman will become operational by March 2021, said a project contractor on Tuesday.

Oil Prices Recovered on Falling US Dollar 02 Sep 2020

Oil Prices Recovered on Falling US Dollar

Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven US dollar which tumbled to multi-year lows.

Iranian President Inaugurates New Energy Projects 24 Aug 2020

Iranian President Inaugurates New Energy Projects

Iranian President Hassan Rouhani on Monday inaugurated three large projects in the oil, gas and petrochemical industries.

Aramco Profits Cut by 73%, Battered by Pandemic 10 Aug 2020

Aramco Profits Cut by 73%, Battered by Pandemic

Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus pandemic crisis undercuts global demand.

OPEC Must Save Oil Market As Industry Sees Crisis 05 Aug 2020

OPEC Must Save Oil Market As Industry Sees Crisis

OPEC could be preparing for hard days as expectations rise for prolonged demand destruction caused by the coronavirus pandemic.