Band-e-Karkheh Oilfield Development on Agenda
madaresharghi In line with efforts to develop oilfields in Khuzestan Province, Iran’s Petroleum Engineering and Development Company will take charge of Band-e-Karkheh Oilfield’s development under the new Iran Petroleum Contract, ...
Energy Majors Pressed to Step Up Climate Action
madaresharghi More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world’s biggest corporate greenhouse gas emitters to ...
Cash Crunch Hampering Domestic Oil, Gas Firms
madaresharghi Financial constraint is keeping Iran's petroleum industry from using the potential of domestic companies, pushing the government to look overseas to fund oil and gas projects, Oil Minister Bijan ...
World's Biggest Mining Firm Prepares to Exit Shale Market
madaresharghi BHP, the world’s largest miner, has asked four investment banks to help prepare for either a sale or spinoff of its underperforming US shale oil and gas unit, with ...
Brent, WTI Prices Stable
madaresharghi Oil markets were stable on Monday as ongoing output cuts led by OPEC were countered by rising US drilling activity that points to a further increase in American production. ...
Majlis Support for New Petrochemical Investments
madaresharghi The parliament is ready to back new investments that would help expand and complete the value chain in the key petrochemical industry, the spokesman of Majlis Energy Commission said ...
Iraq Boosts Kirkuk Refinery Output
madaresharghi Iraq’s Oil Ministry has added a new processing unit to the Kirkuk Oil Refinery, increasing the plant’s capacity to 56,000 barrels per day, the ministry said in a statement ...
UN-Habitat Signs MoU on Tehran Water Management
madaresharghi The United Nations Habitat Office in Tehran signed a memorandum of understanding with Tehran Province Water and Wastewater Company on Monday on expanding collaboration in water management. “The MoU ...
Indian Ban on Petcoke Imports Will Hurt US
madaresharghi India’s government is in favor of banning the import of petroleum coke on environmental grounds, according to a government affidavit filed with the country’s top court, which could be ...
Competence Key to Vetting Local Oil, Gas Contractors
madaresharghi Iran's state oil company is lining up a spate of subcontracts for local firms as part of large-scale oil and gas development projects and aims to ensure that incompetent ...