PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed $10-billion oil refinery and petrochemical complex in southern China, Reuters reported on Thursday, quoting executives and an official with the Chinese company and its parent CNPC.
OPEC crude Output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.
The National Iranian Oil Company (NIOC) announced the amount of Recoverable reserves of the country's liquid hydrocarbons, saying Iran sits atop an estimated total of 160.12 billion barrels and its natural gas reserves stand at 33.33 trillion cubic meters.
The National Iranian Oil Company (NIOC) announced the amount of recoverable reserves of the country's liquid hydrocarbons, saying Iran sits atop an estimated total of 160.12 billion barrels and its natural gas reserves stand at 33.33 trillion cubic meters.
Oil exporters have not fully recovered from the dramatic Oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on "white elephant projects."
The National Iranian Oil Products Refining and Distribution Company ( NIORDC) is planning to launch an integrated system for distribution management of petroleum Products.
US analytical data bank 'S&P Global Platts' said that Asian Countries such as China, Japan, South Korea and India in the first quarter in 2019 are to buy and import over one million of crude Oil from the Islamic Republic of Iran.
Two major South Korean Oil companies are to resume buying Iran gas condensates in February, South Korean media reported.
Japan's largest refiner JXTG Nippon Oil & Energy is set to resume loading of Iranian crude Oil as early as Monday (Feb 4), almost three months after the US sanctions waiver was granted, S&P Global website reported.
Iran’s average Production of Gasoline has amounted to some 105 million litters a day since the beginning of Iranian calendar month of Bahman (Jan 21), according to a report on Monday by the official website of the Ministry of Petroleum.
