South Africa is considering building an oil refinery that will process Iranian crude to bolster its petrol supply and reduce its dependence on foreign companies.
Bolivian President Evo Morales confirmed he will take part in the upcoming summit meeting of the Gas Exporting Countries Forum (GECF) to be held on November 23 in Tehran.
Talks have been held with Japanese and Korean firms to invest in Iran’s renovation and improvement of oil processing facilities, Abbas Kazemi, head of the National Iranian Oil Refining and Distribution Company, annou ...
Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016.
Iran has begun decommissioning uranium enrichment centrifuges under the terms of the July nuclear deal, Reuters quoted Iran's Atomic Energy Organization (AEOI) chief Ali Akbar Salehi as saying during a visit to Tokyo.
Iran’s Oil Minister, Bijan Zangeneh, has downplayed fears that the return of Iranian crude will further dampen oil prices, saying confidently that “we have vaccinated the market against this issue,” reported Press TV.
"During 2016-25, our upstream sector needs $176 b and the downstream sector needs $77 b of investment," said Ali Kardor, the deputy for investment affairs of the National Iranian Oil Company (NIOC)