Iran's Oil, Gas & Petrochemical Daily News

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Iran’s April crude oil OSPs down for all destinations Iran’s April crude oil OSPs down for all destinations
30 March, 2025
National Iranian Oil Co. (NIOC) released its official crude oil selling prices (OSPs) of Iranian crude oil for April 2025.
Shell to give up Oman blocks 42 and 55 Shell to give up Oman blocks 42 and 55
30 March, 2025
Shell has revealed that it plans to relinquish hydrocarbon blocks 42 and 55 – exits that will maintain the energy supermajor’s leading presence in the Sultanate of Oman.
Armenia eyes Turkmen gas via Iran Armenia eyes Turkmen gas via Iran
29 March, 2025
Armenia and Turkmenistan are in negotiations over a natural gas deal that would involve purchasing gas from Turkmengaz and transporting it via Iran through a swap system....
Latest status of Iran’s Arvand oilfield development project Latest status of Iran’s Arvand oilfield development project
28 March, 2025
Managing Director of Iran Arvandan Oil & Gas Production Co. (AOGC) announced the deployment of a well drilling rig in the Arvand shared oilfield....
NIDC's drilling performance in last Iranian year NIDC's drilling performance in last Iranian year
28 March, 2025
the Managing Director of the National Iranian Drilling Company (NIDC) said: “NIDC succeeded to drill and complete ....
Iraq’s proven oil reserves reach 145 Bln bbls: SOMO Iraq’s proven oil reserves reach 145 Bln bbls: SOMO
28 March, 2025
Iraq's State Organization for Marketing of Oil (SOMO) revealed on Wednesday that Iraq has the fourth-largest proven oil reserves in the world,...
BP receives final green light from Iraqi government for Kirkuk project BP receives final green light from Iraqi government for Kirkuk project
27 March, 2025
BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent,...
IEA: Global energy demand surges after years of decline IEA: Global energy demand surges after years of decline
27 March, 2025
The International Energy Agency (IEA) said on Monday that energy demand in advanced economies climbed after years of decline, driven by rapid electricity growth.
India’s L&T secures $1.7Bln QatarEnergy LNG contract India’s L&T secures $1.7Bln QatarEnergy LNG contract
27 March, 2025
India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its key unit - L&T Energy Hydrocarbon (LTEH) - has secured ....
Iraq seeks fast-tracks development of Akkas, Mansouriya gas fields Iraq seeks fast-tracks development of Akkas, Mansouriya gas fields
26 March, 2025
Iraq is seeking to fast-track the development of its Akkas and Mansouriya gas fields to meet rising domestic energy needs, ....
Oman launches bids for new oil and gas blocks Oman launches bids for new oil and gas blocks
26 March, 2025
In a statement to the Oman News Agency, he said that these include Block 18 in the Sea of Oman, Block 36, Block 43, and Block 66 onshore.
Iraq plans to raise oil production capacity above 6mln bpd by 2029 Iraq plans to raise oil production capacity above 6mln bpd by 2029
24 March, 2025
Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency reported Iraq's oil ministry as saying on Sunday.
New US sanctions to slow but not stop China's Iranian oil imports, traders say New US sanctions to slow but not stop China's Iranian oil imports, traders say
22 March, 2025
Iranian oil shipments into China are set to fall in the near-term after new U.S. sanctions on a refiner and tankers, driving up shipping costs,....
Iran's 9-month GDP shows 3.1% growth including oil: CBI Iran's 9-month GDP shows 3.1% growth including oil: CBI
18 March, 2025
According to a report released by the Central Bank of Iran (CBI) on Monday March 17, Iran’s gross domestic product (GDP) ....
Iran’s Expediency Council considers conditional approval of CFT, Palermo conventions Iran’s Expediency Council considers conditional approval of CFT, Palermo conventions
17 March, 2025
The head of Iran’s Expediency Council has stated that the council can conditionally approve the Combating the Financing of Terrorism (CFT) and Palermo Conventions.
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