madaresharghi State oil giant Saudi Aramco has shut down its 90,000-barrel per day crude oil refinery in Jeddah indefinitely, industry sources familiar with the matter said on Sunday. Aramco had ...

madaresharghi Iran's crude oil extended its impressive rally above $60 per barrel, as global markets continue to recover from a stubborn price crash over the last three years. Iran's light ...

madaresharghi Iran has produced over 4.5 million barrels of crude from the oil layer of South Pars, the world's largest gas field in the Persian Gulf, since production began nearly ...

madaresharghi Iran could export its first liquefied natural gas cargo from the Persian Gulf as early as next year, if it presses ahead with its proposed floating LNG production project. ...

madaresharghi The world's largest oil exporter could be poised to back out of a widely anticipated extension to global supply cuts, Chris Weafer, senior partner at Macro-Advisory, said on Friday. ...

madaresharghi Iranian Oil Minister Bijan Namdar Zanganeh says Total S.A.'s contract with Tehran to develop Phase 11 of the South Pars Gas Field is "legally binding" and the French energy ...

madaresharghi In his first overseas trip as Iran's energy minister, Reza Ardakanian discussed regional water challenges and explored economic and agricultural opportunities in separate meetings in Turkey and Tajikistan this ...

madaresharghi Offshore oil drilling and services companies, hurt by the energy industry’s shift to lower-cost shale and away from deepwater projects, are dominating the year’s energy bankruptcies in North America, ...

madaresharghi Singapore-based Berlanga Group has signed a memorandum of understanding and a non-disclosure agreement with the National Iranian Oil Company on Wednesday to study Iran’s Dalpari Oilfield in the western ...

madaresharghi Oil prices rose on Friday but remained en route for their first week of losses in six, as concerns grew over Russia’s support for an extension of the crude ...