Exxon Merging Downstream Divisions to Increase Profit
madaresharghi Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under its chief executive, Darren Woods. Neil Chapman, ...
French Firms to Modernize Iranian Petrochem Plant
madaresharghi In line with efforts to renovate petrochemical plants, Nouri Petrochemical Company in southern Bushehr Province has started to upgrade its equipment and facilities in cooperation with two French multinationals, ...
French Firms to Modernize Iranian Petrochem Plant
madaresharghi In line with efforts to renovate petrochemical plants, Nouri Petrochemical Company in southern Bushehr Province has started to upgrade its equipment and facilities in cooperation with two French multinationals, ...
Google to Meet All Energy Needs From Clean Power
madaresharghi Google, the biggest corporate buyer of renewable energy, is buying even more—536 megawatts of wind power from four power plants. As part of the Alphabet Inc., Google has agreed ...
Tehran Envisions Role for SOCAR in Oil, Gas Ventures
madaresharghi Tehran is planning to implement new energy projects for boosting its oil and gas extraction level and Azerbaijan’s state-run oil company SOCAR is welcome to play an active role. ...
South Pars Oil Output Exceeds 4.7m Barrels
madaresharghi Iran's total crude production from the oil layer of South Pars, a large gas field in Persian Gulf, has surpassed 4.7 million barrels, since production began more than eight ...
Zanganeh, Luaibi Discuss Oil Swap Deal in Vienna
madaresharghi Oil Minister Bijan Namdar Zanganeh met with his Iraqi counterpart Jabbar al-Luaibi in Vienna late Thursday for the latest round of talks on the terms of a crude swap ...
Crude Prices Increase After OPEC Extends Output Curbs
madaresharghi Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end of 2018 to try to reduce the global ...
Venezuela Arrests Former Oil Bosses in Corruption Purge
madaresharghi Venezuelan authorities on Thursday arrested two once-powerful officials who had run the oil ministry and state energy company PDVSA as part of a deepening industry purge by President Nicolas ...
Maersk to Invest $3.4b in North Sea
madaresharghi Danish conglomerate AP Moller-Maersk said on Friday it will invest $3.4 billion together with British-Dutch oil producer Shell, among others, to redevelop and extend the production life cycle of ...