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oil gas
7th GECF extraordinary ministerial meeting kicks off in Algiers
Friday, 01 March 2024 14:54
The extraordinary ministerial meeting of the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government commenced in Algiers, the capital of Algeria, on Friday.
Oil prices rises more than 2% after US, UK attacks on Yemen
Friday, 12 January 2024 09:10
IP - Oil prices rose more than 2% as the US and UK carried out strikes against 12 places in Yemen on Friday morning.
NIGC to invest up to $2b in knowledge-based sector: CEO
Sunday, 07 January 2024 21:28
Tehran (IP)– The National Iranian Gas Company managing director on Sunday said NIGC plans to invest up to $2 billion in the knowledge-based sector within the next few years.
Iran's oil, gas sector records 17.8% economic growth in summer 2023: CBI
Saturday, 23 December 2023 16:35
Tehran (IP) – A report released by the Central Bank of Iran (CBI) on Saturday showed that the oil and gas industry’s economic growth in summer 2023 reached 17.8 percent.
Oin Min. says gas flares being collected for optimization
Wednesday, 13 September 2023 13:13
Tehran (IP) - Iran's Minister of Oil said the gases emitted from the west of Karoon oil fields were collected to be optimized.
Raisi: Iran's oil industry no longer depends on foreign advisers
Monday, 28 August 2023 15:53
Bushehr (IP): Iran's President stressed during the opening ceremony of the Phase 11 of Iran’s South Pars Joint Gas Field, in Asaluyeh, Iran's oil industry is no longer dependent on the presence of foreign advisers.
Owji: Iran oil sale favorable; Iraq's gas debts collected
Wednesday, 26 July 2023 19:09
Tehran (IP)- Iran's oil minister, Javad Owji, described crude exports as "favorable" during talks with reporters on Wednesday. Despite facing "harsher" sanctions, Owji stated that oil products and exports were increasing.
IEA chief says oil demand projections depend on China's growth
Sunday, 23 July 2023 17:28
IP- The International Energy Agency (IEA) will revise its global oil demand growth projections based on the economic growth prospects of China and some other countries, its executive director Fatih Birol said.
S. Arabia hikes most August oil prices to Asia after supply cuts
Saturday, 08 July 2023 21:20
IP- Top oil exporter Saudi Arabia raised the prices for most of its crude oil to Asian customers in August for a second month after its announcement of prolonging an extra output cut on top of a broader OPEC+ deal.
Owji: Ethane extraction from South Pars Field to yield up to $300M profit Annually
Monday, 03 July 2023 15:45
IP- In a recent ceremony, Iran's oil minister, Javad Owji, announced that the extraction of ethane from nine refineries in the South Pars (SP) gas field would generate an impressive profit of $250-$300 million per year.
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