News Categories

UK Crude Loadings Continue to Fall

19 March 2019 - 00:29
The UK’s crude oil loadings remained below 800,000 barrels per day for the third month in a row in February, while authorities expect Britain’s crude production to decline through at least 2024, Fotios Katsoulas, Liquid Bulk Principal Analyst, Maritime and Trade at IHS Markit, said.

OPEC’s Mohammad Barkindo: Rebound in Oil Investments Minimal

18 March 2019 - 17:41
Investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.

Iran to Inaugurate New Phases of South Pars Gas Field Soon

15 March 2019 - 22:00
The phases 22 to 24 of Iran’s giant South Pars gas field located in the southern province of Bushehr are slated to be inaugurated in coming days, the project’s manager said.

Gas Pipeline Explosion Kills Five in Khuzestan

15 March 2019 - 20:33
Five people were killed and six injured on Thursday in a gas pipeline explosion in southwestern Khuzestan Province, Ahvaz governor said.

Iran Resolved to Boost Exports to Iraq: President

13 March 2019 - 20:59
The president of Iran voiced the country’s readiness to expand trade ties with Iraq and increase exports to the neighboring state.

Pakistan to Offer Gas Fields to Foreign Investors

13 March 2019 - 19:34
Pakistan plans to offers dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors.

Germany Oil, Gas Output Falls 3 Percent

13 March 2019 - 19:18
Germany produced 10.3 million tons of oil and 26.1 billion cubic meters of gas in 2018, both down 3% year-on-year, industry association BVEG data showed on Tuesday.

CEO: PGPIC Building $8.5b Petchem Projects

10 March 2019 - 16:38
The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding was building petrochemical projects totally valued at $8.5 billion dollars.

NISOC to Carry Out Rls. 50,000b Projects in Masjed Soleyman

10 March 2019 - 15:51
The CEO of the National Iranian South Oil Company (NISOC) said the company was planning to carry out 6 contract packages with Rls. 50,000 billion of credits by Masjed Soleiman Oil and Gas Production Company.

MP: Sanctions Could Never Stop Iran Oil Progress

3 March 2019 - 20:27
A member of the Iranian parliament said that US embargoes on Iran’s oil industry could never halt the sector’s progress given the capabilities of Iranian experts in the field.
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