Oil

Iran’s Oil Minister Bijan Namdar Zangeneh condemned Washington’s unilateral and unlawful interventions against Tehran and Caracas’ crude supply. and urged the world not to let the energy market be politicized.

The TankerTrackers company lashed out at US Secretary of State Mike Pompeo for misusing the brand to foist his lies about the Iranian oil tanker Adrian Darya 1 which was seized in the Strait of Gibraltar by Britain in July and later released in August.

The Commander of U.S. Naval Forces Central Command. Vice Admiral Jim Malloy. met with the commander of the Royal Saudi Naval Forces (RSNF) after the attacks on vital Saudi oil infrastructure.

Iran is building an onshore oil pipeline worth US$1.8 billion to a terminal just outside the Strait of Hormuz. the most critical oil chokepoint in the world.

The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.92 million barrels for the week ending September 26.

The Petroleum Engineering and Development Company (PEDEC) has signed a contract with three Iranian firms for manufacturing and maintaining electropumps for Goreh-Jusk Oil Pipeline Project.

Iranian Oil Minister Bijan Zangeneh said he would leave Tehran for Moscow later this week to attend the upcoming Gas Exporting Countries Forum (GECF) ministerial meeting and participate in the Russian Energy Week.

Iranian oil minister Bijan Zanganeh said on Monday that the government is focused on development of refineries and petrochemical companies in Makran region. in south eastern Sistan and Balouchestan province.

The CEO of the National Iranian Oil Company (NIOC) said the company is to sign nine contracts with domestic companies for oil production enhancement and maintenance projects and it will continue signing contracts with domestic firms for its projects.

Yamal has been producing and shipping LNG above its expected capacity of 16.5 million tonnes a year (mtpa).