Oil Holds Near 2-Year Highs
madaresharghi Oil was largely steady on Monday, trapped between a bullish push from tension in the Middle East and downward pressure from evidence of rising US production, although record fund ...
Bouali Petrochemical Complex on Cost-Cutting Mission
madaresharghi Iran's Bouali Petrochemical Complex is taking measures to cut down costs on logistics operations as part of the company's belt-tightening program, after it was hit by a massive blaze ...
Major Oilfield in Western Iran Spared by Earthquake
madaresharghi A deadly 7.3 magnitude earthquake struck western parts of Iran on Sunday night, but production at Azar Oilfield in Ilam Province has not been affected, said Keyvan Yarahmadi, who ...
Plan to Develop Qeshm Petrochemical Hub
madaresharghi Qeshm Free Zone Organization and Parsian Oil and Gas Development Group Company signed on Sunday a memorandum of understanding on the development of a petrochemical hub on the largest ...
Barkindo Says Oil Cuts Only Option to Stabilize Market
madaresharghi The oil market is rebalancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said. “We are seeing clear ...
Iraq to Increase Kirkuk Oil Output
madaresharghi Oil Minister Jabar al-Luaibi said Iraq plans to increase production from oilfields in Kirkuk to 1 million barrels per day and has visited the Bai Hasan and Avana fields ...
Lebanese president pleased with PM Hariri’s promise to return from S Arabia: Sources
madaresharghi Lebanese government officials and senior sources close to Hariri believe that Riyadh forced him to step down and has further placed him under effective house arrest since he touched ...
Turkey to pay over $271k to man blinded in anti-govt. rally
madaresharghi Burak Ünveren, a lecturer at Yildiz Technical University, his one eye then while Turkish security forces fired a tear gas canister during a protest at Gezi Park in the ...
OPEC Reaffirms Iran's Pledge to Supply Cuts
madaresharghi Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output. The ...
Yemen’s Houthis: Missile launched at Riyadh was ‘Yemeni-produced’
madaresharghi Yemen’s Houthi Ansarullah movement directly rebutted US assertions that a missile launched into Saudi Arabia earlier this month was manufactured by Iran. Col. Aziz Rashed, a spokesman for the ...