Iran Establishes Condensate Refinery Using Own Resources for 1st Time
Iran for the first time will be building an oil refinery "Pars", using only its own resources, managing director of…
Browsing Tag
Oil
Statoil Fuel Agrees To Alimentation Bid Of $2.8 Bln
Canada's Alimentation Couche-Tard Inc has agreed to buy Norway's Statoil Fuel and Retail for $2.8 billion, a move…
Oil Prices To Rise If Iran Halts Exports to OECD: IMF
The International Monetary Fund (IMF) warns crude prices could rise by 20 to 30 percent this year if Iran halts oil…
US Sanctions On Iran’s Oil To Eliminate Economic Rivals: FM Spokesman
Iran's Foreign Ministry Spokesman Ramin Mehmanparast says one of the main reasons behind the US sanctions against…
Exxon Mobil-Rosneft Deal Signed To Develop Arctic Reserves
Rosneft and Exxon Mobil have signed a partnership deal, which will see them work together to develop the Arctic's…
Oil Falls For Second Day Amid Iran Nuclear Talks
Oil fell a second day after the first international talks in 15 months on Iran’s nuclear program yielded an…
Jordan To Import More Fuel Oil As Pipeline Disruption Continues
Jordan Petroleum Refinery Co is importing more fuel oil and gasoil for power generation, as continued attacks on a…
Saudi Main Index Falls Most in Eight Months
Saudi Arabia’s benchmark dropped to its lowest level in eight months, as concerns on global markets continued to…
4 Killed Amid Oil Storage Tank Blast in Egypt’s Suez
Four people have been killed and 22 others injured by an explosion at an oil storage tank in the eastern Egyptian…
Saudi Arabia Determined To Push Down Oil Prices: Naimi
Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow OPEC members…
