Oil Rallies on Chinese Import Boost and Mideast Tensions
madaresharghi Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a more than 3% weekly ...
Iran Recoverable Oil Reserves Estimated at 101b Barrels
madaresharghi Iran's recoverable oil reserves are estimated at 101 billion barrels, the head of a special department at the National Iranian Oil Company that oversees reservoirs, said. Karim Zobeidi made ...
Iran, Norwegian Company to Sign FLNG Unit Deal
madaresharghi Iran will sign a contract with a Norwegian oil and gas company in the next few days to build the country’s first floating liquefied natural gas (FLNG) unit in ...
Western Firms Pursue Iran Petrochem Projects
madaresharghi Some of the biggest western energy companies laid out their vision for Iran's downstream petroleum sector this week, proposing plans to license and finance the country's petrochemical ventures. In ...
EU Wants Gazprom to Increase Concessions
madaresharghi The European Commission wants Russian gas giant Gazprom to make more concessions in order to end a six-year long antitrust investigation, the commission said on Friday after another round ...
Talks Over Power Projects With East Asia Companies
madaresharghi In line with efforts to enhance power production capacity, the Thermal Power Plants Holding Company is in serious talks with East Asian firms to attract investment to build new ...
Aramco IPO May Be Delayed
madaresharghi Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the ...
Russia Prepared for $40 Oil
madaresharghi Russia has accounted for oil at $40 a barrel in its budget, the country's Finance Minister Anton Siluanov told CNBC in a TV interview on Friday. Brent crude was ...
13% of US Gulf of Mexico Crude Output Offline
madaresharghi About 13% of US Gulf of Mexico oil production remains offline in the aftermath of Hurricane Nate, the US Department of the Interior’s Bureau of Safety and Environmental Enforcement ...
Tender Planned for Iran Jask Oil Terminal’s Pipeline
madaresharghi A tender for the construction of part of a pipeline to transfer crude oil to Jask Oil Terminal in the southern Hormozgan Province is due to be held in ...