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Major OSRV launched in Persian Gulf to improve oil spill responses
An official with Iran’s Ports and Maritime Organization (PMO) has said a major home-made Oil Spill Response Vessel (OSRV) has been launched to boost environment protection efforts in the Persian Gulf waters.
Oil Ministry to conduct over 40 joint projects with universities
Iranian Oil Ministry plans to conduct 42 projects in collaboration with domestic universities, said the deputy oil minister for engineering, research and technology.
Iran taps old oil customers as Tehran eyes lifting of sanctions
Iran is reaching out to old customers in Asia to gauge their interest in buying its oil as Tehran ramps up diplomacy to get US sanctions lifted.
Oil rises on demand hopes after days of sell-off
Oil prices rose on Wednesday, boosted by demand hopes on progress made in US vaccine rollouts, while uncertainty over how much supply OPEC+ will restore to the market at its Thursday meeting and a big build in US crude stocks capped gains.
Oil prices drop amid US dollar strength, expectations for supply gains
Oil prices dropped on Friday as a collapse in bond prices led to gains in the US dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.
Iran launches 933 km of new energy pipelines
Iran has expanded its energy pipeline network by 933 kilometers as the country aims to reduce costs related to the transportation of petroleum and gas products.
Oil rises as US output slowly returns after winter storms
Oil prices rose on Monday as the slow return of US crude output cut by frigid conditions raised concerns about supply, just as demand recovers from the depths of the coronavirus pandemic.
Iran’s Khesht oilfield to start production soon: CEO
The managing director of Iranian Central Oil Fields Company (ICOFC) said that early production from the Khesht oilfield in southern Fars Province will start by September 22.
Pipe-laying of Jask oil terminal’s second offshore line done
The construction of the second 36-inch offshore pipeline of the Jask crude oil export terminal was completed, said the operator of Jask oil terminal project in southern Iran.
Oil drops as investors gauge big chill impact on US refineries, OPEC+ output rise
Oil prices slid more than 1% on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the US South, creating a gap in demand, while OPEC+ supplies were expected to rise.
Oil hits 13-month highs as market rebalances
Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.
Asian shares hit all-time highs, oil rises on Middle East tensions
Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington, while oil prices rose on heightened tensions in the Middle East.
Oil market could absorb more Iran crude if US sanctions lifted: Iran’s OPEC governor
The oil market could absorb more crude oil from Iran if US sanctions are eased, according to Iran’s governor to OPEC.
India to resume crude imports from Iran if US bans eased: CEO
Chairman of India’s state-run Hindustan Petroleum Corp. suggests that the country would not hesitate to resume crude imports from Iran once the United States eases its bans on Tehran and allows shipments to be purchased by Indian refineries.

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