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Iranpress: OPEC+ agree additional increase of 400,000 bpd per month

OPEC+ agree additional increase of 400,000 bpd per month

Sunday, 18 July 2021 17:33

Tehran (IP) -The Organization of the Petroleum Exporting Countries (OPEC) and its allies reached a compromise on an overall increase of crude oil output by 400,000 bpd per month to December 2022, as well as a baseline change for five countries.

Iranpress: China overtakes US as world’s largest oil refiner

China overtakes US as world’s largest oil refiner

Friday, 26 March 2021 15:58

As the shift in oil demand from COVID-19 turned the tables of regional levels of fuel production and exports, China succeeded in overtaking the USA as the world’s biggest oil refiner in 2020.

Iranpress: Oil drops as COVID-19 vaccine halt threatens demand

Oil drops as COVID-19 vaccine halt threatens demand

Wednesday, 17 March 2021 02:55

Oil prices fell for a third day on Tuesday, as Germany, France, and other European states suspended the use of a major coronavirus vaccine, threatening the recovery of fuel demand.

Iranpress: US oil firm plundering Syrian oil: Report

US oil firm plundering Syrian oil: Report

Tuesday, 26 January 2021 00:43

The US oil firm Delta Crescent Energy (DCE) is suspiciously plundering Syrian oil, according to a report by the Financial Times.

Iranpress: Iran rehabilitates 2 wells in Salman joint oilfield

Iran rehabilitates 2 wells in Salman joint oilfield

Monday, 28 December 2020 23:50

Iranian Offshore Oil Company (IOOC) has rehabilitated wells 62 and 63 of the Salman joint oil field, producing oil from both wells in a stable extraction volume by the use of the artificial gas lift.

Iranpress: Petroleum Ministry national projects inaugurated in Iran

Petroleum Ministry national projects inaugurated in Iran

Thursday, 24 December 2020 11:02

Tehran (IP) - A number of national petrochemical projects were inaugurated in the three provinces of Ilam, West Azarbaijan, and Hamedan on Thursday in the presence of President Hassan Rouhani via videoconferencing.

Iranpress: Petrochemical production to reach $ 25bln within next Iranian year: Oil min.

Petrochemical production to reach $ 25bln within next Iranian year: Oil min.

Thursday, 26 November 2020 13:31

Tehran (IP) - Iran's oil minister announced that the capacity of the petrochemical industry will reach 100 million tons per year (worth $ 25 billion) as the remaining 'Production Surge' projects of this sector complete within the next Iranian year.

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