Social and Events

A U.S. Senate panel will consider as soon as next week a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion on boosting petroleum prices, Senator Chuck Grassley’s office said on Thursday. The bill, sponsored by Grassley, a Republican, Senator Amy Klobuchar, …

The Biden administration on Monday reversed a Trump administration plan that would have allowed the government to lease more than two-thirds of the country’s largest swath of public land in Alaska to oil and gas drilling. This rollback of the Trump-era plan will remove nearly 7 million acres from possible …

Iraq’s Prime Minister Mustafa al-Kadhimi has assigned a working group to make necessary coordination to resolve technical problems of Iraqi power plants that work with Iranian gas. Khadhimi headed a meeting of high ranking Iraqi officials on energy and was briefed on the potential situation of Iraq’s electricity in the …

The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats. The embargo will most likely be introduced in a gradual way, similar to the planned Russian …

CEO of the National Iranian Oil Company announced that Iran and Iraq have signed a contract for developing the ‘Sohrab’ joint oil field. Mohsen Khojasteh-Mehr said the contract for developing the ‘Sohrab’ joint oil field with Iraq in Khuzestan Province was signed to produce 30,000 barrels per day and also …

In order to accompany Iranian President Seyyed Ebrahim Raeisi to Qatari capital Doha slated on Monday, Iranian Oil Minister Javad Owji left Tehran for Doha to attend 6th Gas Exporting Countries Forum (GECF) on Sunday morning. According to the scheduled program, Iranian President Seyyed Ebrahim Raeisi and high-ranking delegation will …

A informed source in Iran’s Oil Ministry told IRNA that the oil ministers of Iran and Qatar will discuss gas swap, common stances in global market and forming joint study group on the sidelines of the upcoming GECF in Doha. The Gas Exporting Countries Forum will be held next week …

Iran’s oil exports have increased by 40 percent in recent months and the oil, gas, condensate and oil products export revenues are expected to reach $35 billion by the end of the current Iranian calendar year (March 20), Shana reported on Sunday. According to Finance and Economic Affairs Minister Ehsan …

The Organization of the Petroleum Exporting Countries (OPEC) has appointed Haitham Al-Ghais of Kuwait as its Secretary General with effect from August 1, 2022, for a period of three years. The decision was taken as a special conference of OPEC under the chairmanship of its President, Bruno Jean-Richard Itoua, Congo’s …

OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, two OPEC sources said, with Kuwait’s candidate for the job holding widespread support from the group. Haitham al-Ghais, a former Kuwaiti governor to the Organization of the Petroleum Exporting Countries, is …