Oil

A member of the Iranian Oil Industry Equipment Manufacturers Association said the country was self-sufficient in production of wellhead valves.

The share of Iranian manufacturers and craftsmen in the supply of oil industry equipment has reached 85%.

Well #44 of Parsi Oilfield was commissioned and operated using gas lift technique which has increased the field'.s oil output by 1.000 b d.

The outbreak of a deadly coronavirus that’s spread from China to the world is likely to impact oil markets globally.

The European Union’s foreign policy chief said member states will need to take a more active role in Libya if yesterday’s peace conference in Berlin is to bring stability to the country and help get its oil flowing again.

The U.S.-China trade agreement is set to intensify the battle for the world’s most prized oil market.

The Iranian Offshore Oil Company (IOOC) has successfully launched its first pipeline integrity management system (PIMS) in the Iranian oil industry.

Oil prices remained fairly range-bound in 2019 despite geopolitical shocks and OPEC output cuts.

Libyan commander Khalifa Haftar blocked oil exports at ports under his control. slashing output by more than half and posing a potential setback for an international conference on Sunday that aims to broker an end to a civil war in the OPEC nation.

That’s the warning from Chairman of the Oil and Gas Authority. Tim Eggar. who has said the sector must do more to drive down emissions.