Oil

  • NOC Achieves Revenues of $1.41 billion in January

    NOC Achieves Revenues of $1.41 billion in January

    Sunday, 28th February 2021

    The Libyan National Oil Company (NOC) has announced that it achieved a record a level in its revenues during January 2021, estimated at $1.41 billion.

  • Iran Achieves Self-Sufficiency in Pipeline Construction

    Iran Achieves Self-Sufficiency in Pipeline Construction

    Wednesday, 24th February 2021

    The CEO of the National Iranian Oil Engineering and Construction Company, Saeed Sattary Naeini, announced that Iran has achieved self-sufficiency in construction and implementation of the oil and petroleum products transmission pipelines.

  • Egypt to Boost Oil, Gas Cooperation with Jordan

    Egypt to Boost Oil, Gas Cooperation with Jordan

    Thursday, 18th February 2021

    The Minister of Mineral Resources, Tarek El Molla, held a bilateral meeting with Hala Zawati, Minister of Energy and Mineral Resources in Jordan to discuss ways to boost oil and gas field during the coming period.

  • SOCAR Ships 90,000 Tons of Oil to Belarus

    SOCAR Ships 90,000 Tons of Oil to Belarus

    Tuesday, 16th February 2021

    The Deputy Head of Azerbaijan’s State Oil Company SOCAR, Ibrahim Ahmadov, said that the company has shipped a batch of 90,000 tons of Azerbaijani oil to Belarus in February.

  • El Molla Discusses Cooperation Projects with BP

    El Molla Discusses Cooperation Projects with BP

    Tuesday, 16th February 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, received a delegation from BP British Company to discuss the cooperation projects between petroleum sector and Bp in Egypt and to review the development of the international oil and gas prices within the challenges of COVID-19.

  • Indian Oil Imports Record Highest Level in Three years

    Indian Oil Imports Record Highest Level in Three years

    Wednesday, 20th January 2021

    The Indian oil imports has recorded the highest level in nearly three years, reaching more than 5 million barrels per day (b/d), as its refiners raised the production following the increase of the demand.

  • Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects

    Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects

    Sunday, 17th January 2021

    Masoud Karbasian, the CEO of the National Iranian Oil Company (NIOC) announced that the company said NIOC was planning to issue bonds worth IRR 20,000 billion to finance projects aimed at production enhancement and maintenance of oil fields in Iran.

  • China Oil Imports Records 542.39 MMT in 2020

    China Oil Imports Records 542.39 MMT in 2020

    Thursday, 14th January 2021

    According to data issued by the General Administration of Customs, the total China’s oil imports during 2020 reached 542.39 million tons

  • Jordan Discusses Renewing Oil Import MoU with Iraq

    Jordan Discusses Renewing Oil Import MoU with Iraq

    Wednesday, 6th January 2021

    The Jordanian Ministry of Energy and Mineral Resources stated that it is going into discussions with the Iraqi authorities about renewing the Memorandum of Standing (MoU) signed between Jordan and Iraq to supply oil.

  • Iran’s Parliament Cuts Oil Exports Target to 1.5 mmbl/d

    Iran’s Parliament Cuts Oil Exports Target to 1.5 mmbl/d

    Monday, 4th January 2021

    The Iran's parliament reduced the government’s oil export target to 1.5 million barrels per day (mmbl/d) from 2.3 mmbl/d to manage expectations.