Russia can ensure a steady supply of energy resources to China that it needs, Russian President Vladimir Putin said. “China and Russia complement one another, I am talking about the high pace of development of the Chinese economy and the demand for energy resources. China needs these shipments to be …

Iraq’s State Organization for Marketing of Oil (SOMO) announced that Chinese oil companies were the largest buyers of Iraqi oil during the month of February. According to statistics published on SOMO’s official website, Chinese companies accounted for 7 of the 35 firms that purchased oil last month. SOMO’s data revealed …

Brazilian Ministry of Mines and Energy (MME) is setting the wheels into motion to launch a programme, which would step up investments in oil and natural gas exploration to promote regional development and foster national production while making Brazil the fourth largest oil producer in the world. To this end, …

Iranian Oil Minister Javad Oji said that a new record high will be reached in the country’s oil export in the current Iranian calendar year 1402 (began on March 21). The country’s oil export in 1401 was 83 million barrels more than that of 1400, and 190 million barrels more …

Average daily gasoline consumption in Iran rose 11 percent in the past Iranian calendar year 1401 (ended on March 20), according to the managing director of the National Iranian Oil Refining and Distribution Company (NIORDC). Jalil Salari also said that the country’s average daily gasoline production has reached 115 million …

The decision by BP to withdraw from the supply of jet fuel for SA airports dates back to February last year and has nothing to do with the Russia/Ukraine war, the Airports Company SA (Acsa) said in a statement on Friday. BP’s decision was only publicised this week and there …

The nationalization of Exxon Mobil’s assets in Chad comes after the oil giants divested from them in December 2022, media have reported. Chad has nationalized all the assets and rights, including hydrocarbon permits and exploration and production authorizations, that belonged to a subsidiary of Exxon Mobil, the West African nation’s …

Iranian Foreign Minister Hossein Amir-Abdollahian on Thursday evening spoke with his Omani counterpart Badr Albusaidi. Amir-Abdollahian congratulated Albusaidi on the beginning of the holy month of Ramadan and highlighted issues of mutual interest in bilateral ties including the need for coordination of the upcoming visit of Oman’s sultan to Tehran. …

Petrobras could be the last man standing when it comes to crude oil production amid the energy transition, the state-run oil company’s CEO Jean Paul Prates said in an interview in Rio de Janeiro. “We will get market share,” Prates said, according to Bloomberg, referring to Brazil’s state-run oil company. …

Crown Estate Scotland has awarded offshore wind leases to 13 Companies, including BP and TotalEnergies, to support North Sea oil and gas decarbonization. On Friday, Crown Estate Scotland, an independent commercial organization responsible for managing the British seabed, announced that it had awarded leases to 13 companies, including Big Oil’s …