Thursday, 25 April , 2024
OIL Archives - Page 12 of 41 - Iran News Daily
Iran Tops Oil, Gas Giants in World 16 Sep 2020

Iran Tops Oil, Gas Giants in World

By exploring 4.9 billion barrels liquid hydrocarbon in 2019, the NIOC is standing on the top of oil giants in the world.

Iran Creates 2.6 mb of Refinery Capacity in 7 Years 08 Sep 2020

Iran Creates 2.6 mb of Refinery Capacity in 7 Years

Oil Minister Bijan Zangeneh said, "Thanks to the development of South Pars and the implementation of gas supply projects in the last seven years, an equivalent to 2.6 million barrels of refining capacity fuel has been distributed and consumed in the country."

Iraq’s Electricity Industry Active With Iranian Gas 03 Sep 2020

Iraq’s Electricity Industry Active With Iranian Gas

that using Iranian gas is very economical for Iraq because natural gas replaces diesel, which is more than twice the price of the gas.

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.

NIOC Inks Oilfield Development Contracts with Iranian Companies 18 Aug 2020

NIOC Inks Oilfield Development Contracts with Iranian Companies

The National Iranian Oil Company (NIOC) signed 13 contracts with domestic companies for the development of the country’s oilfields.

Oil Ministry Dishes Out 1.5b Euros in Oil Contracts to Domestic Firms 18 Aug 2020

Oil Ministry Dishes Out 1.5b Euros in Oil Contracts to Domestic Firms

Oil ministry has signed 13 contracts worth roughly €1.5 billion with 14 local firms to enhance and maintain oil production.

Iran Determined to Increase Its Non-Oil Exports to $100b 13 Aug 2020

Iran Determined to Increase Its Non-Oil Exports to $100b

Head of Iran Trade Promotion Organization says non-oil export is the only way for cutting dependence on oil revenues and the country has potential to increase its non-oil exports to $100b due to the needs of neighboring states.

70% of Oil Equipment Indigenized 11 Aug 2020

70% of Oil Equipment Indigenized

Oil Minister Bijan Namdar Zanganeh says over 70 percent of equipment needed for the recent oil contracts are produced in the country.

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.