Oil price faces a 30% crash as markets open
Oil prices face a crash as much as 30% within seconds of the market opening on Sunday evening.
Iran first OPEC member to produce, export oil processing catalysts
Iran 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.
Zanganeh attend OPEC meeting
TEHRAN (Iran News) – Iran’s Oil Minister Bijan Namdar Zanganeh landed in Vienna Thursday morning to attend the 177th meeting of the Organization of Petroleum Exporting Countries, known as OPEC, in order to assess the situation of this resource in the international market. The Iranian minister is also is planning to hold talks with OPEC […]
Iran dismisses reports of successful cyber-attacks on its oil facilities
Iran has dismissed reports by some Western media claiming that the country’s vital infrastructure and oil facilities had come under cyber-attack.
Oil is not a weapon, says min. Zanganeh
Iranian oil minister Bijan Zanganeh warned against the use of oil as a weapon, calling for its free trade in international markets.
Geopolitical expert talks of US plan to grab Saudi oil share from global market
Anthony Cartalucci says it surely is no coincidence the US is targeting virtually every major energy producer from Iran, Venezuela, and Russia, but also including its own "allies" such as Saudi Arabia.
Iran oil industry developing despite sanctions: official
A senior Iranian oil official said that the industry is developing in the country despite the US’ economic sanctions.
Iran, Russia private sectors eye cooperation in oil industry
A Russian delegation of private business people active in oil and gas industry met with the head of the Energy Committee and the deputy head of Tehran Chamber of Commerce in Tehran.
Iranian co. produces 1500 process items for oil industry
Aghajari Oil and Gas Production Company (AOGPC) has domestically manufactured 1,563 process items for the oil industry in the first half of the current Iranian fiscal year, which began on March 21.
NIDC drills 124 oil, gas wells in a year
National Iranian Drilling Company (NIDC), a subsidiary of National Iranian Oil Company, has dug 124 oil and gas wells across the country during the past year, a senior official said.