Oil

The successful sell-off by the NIORDC may have encouraged the NIOC to accelerate its plans for trade of oil cargoes at IRENEX.

The reservoir adds 2.2b barrels to Iran’s oil recovery capacity by considering a 10 percent recovery rate in it.

Iraq places special emphasis on energy corridors with Turkey in its search for alternative export routes.

US oil fell for a second day on Tuesday. amid little sign of progress on US-China trade talks.

The newly-discovered oilfield in Khuzesan was named Namavaran. adding the field had an oil in place estimate of 53 billion barrels.

Iranian drillers have spudded the first and deepest directional well in Kazhdomi structure of South Azadegan Oilfield.

Global oil demand may peak within the next 20 years.

Converting the plant’s catalytic conversion unit to a light naphtha isomerization unit by the refinery’s experts was aimed at converting light naphtha to isomerite products. which had cost the company €10 million.