Oil Minister Javad Owji appointed Mohsen Khojastemehr as the managing director of the National Iranian Oil Company on Thursday.
With a PhD in petroleum engineering, Khojastemehr has held different management positions, including the head of Tadbir Drilling Company, a subsidiary of the...
Oil prices steadied on Friday near a two-month high of $77.50 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory draws.
The rally was slightly dampened by China’s first public sale of state crude reserves, Reuters reported.
Brent...
Soaring gas prices are the cost of the attempted shift to renewable energy sources, OPEC Secretary-General Mohammed Barkindo told CNBC.
“I have talked about a new premium that is emerging in the energy markets that I term ‘transition premium’,” Barkindo told CNBC’s Dan Murphy at the Gastech...
Oil prices rose on Tuesday as analysts pointed to signs of US supply tightness, ending days of losses as global markets remain haunted by the potential impact on China's economy of a crisis at heavily indebted property group China Evergrande.
Brent crude gained 63 cents or 0.9% to $74.55 a...
There are 67 petrochemical companies in Iran, which account for less than 0.5% of total annual water consumption.
Refuting the general belief that petrochem industry is water-intensive, the Energy Today’s website and based on information from the National Petrochemical Company, Iran's annual...
Oil Minister Javad Owji has appointed Majid Chegeni as the managing director of the National Iranian Gas Company on Sunday.
With a master’s degree in industrial engineering, Chegeni has held different management positions since the victory of the Islamic Revolution in 1979, including the head of...
Amir Kabir Petrochemical Plant in Mahshahr, Khuzestan Province, has increased its output and exports in the first five months of the current Iranian year (March 21-Aug. 22) compared with the same period of last year.
With the production of 678,828 tons of various hydrocarbon products during the...
Oil prices fell on Friday as more supply came back on stream in the US Gulf of Mexico following two hurricanes, but both benchmark contracts were on track for weekly gains of more than 3% as recovery in output is seen lagging demand.
Brent crude futures fell 35 cents, or 0.5%, to $75.32 a barrel...
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies, seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.
The unprecedented initiative - dubbed the Net Zero...
OPEC predicted stronger demand for its crude on a combination of rising global fuel consumption and output disruptions elsewhere.
The latest data from the group indicate that the world will continue to face an oil supply deficit in the coming months even as its members revive idle production,...