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Iranian Oil Minister Javad Owji said a number of unfinished petroleum projects worth $8 billion in total are scheduled to come on stream by the end of the current Iranian calendar year to March 23, 2023. Javad Owji told a live televised interview on Friday that 8 billion dollars of …

Azerbaijan has been enjoying a huge boost in revenues from its oil and gas exports, thanks to a deal it made with the European Union last year amid Russia’s invasion of Ukraine and the resulting sanctions. According to the latest data from Azerbaijan’s State Customs Committee, the country earned $33.6 …

Norway became Germany’s single-largest natural gas supplier in 2022, overtaking Russia, as total German gas imports dropped by 12.3% compared to 2021, the German Federal Network Agency, Bundesnetzagentur, said on Friday. Norway provided 33% of the gas Germany imported last year, followed by Russia, whose share fell to 22% for …

Europe’s imports of diesel and gasoil from the United States is on track to reach a two-year high this month, data from Vortexa shows. In December, Europe’s U.S. loadings for diesel and gasoil reached 660,000t, according to Vortexa data cited by Argus. It was the highest amount headed to Europe …

The natural gas deal with Bulgaria is a step forward in Turkey’s efforts to become an energy hub, Energy Minister Fatih Dönmez has said. “With this agreement, natural gas could be transmitted not only to Bulgaria but other countries via Bulgaria,” Dönmez added. On Jan. 3, Türkiye and Bulgaria signed …

Today, on January 6, the gas pumping by Gazprom to the European Union countries through Sudzha gas metering station (GMS) on the Russian-Ukrainian border will amount to 35.5 million cubic meters. Thus, in less than a week, the export figure has decreased by approximately 7.8 million cubic meters, Kommersant writes. …

China is snapping up cargoes of crude that would normally head to Europe, spooking the continent’s physical oil traders who’ve just seen imports from Russia all but halt at a time when local demand is rising. The world’s largest oil importer already bought 5 million barrels of mostly-Kazakh crude for …

If the selloff in oil continues and prices continue down, OPEC may well swing into action, RBC Capital Markets’ head of global commodity strategy Helima Croft told the Australian Financial Review today. “OPEC looks content to stay the course on the current production policy and is seeking to stay out …

Despite being a huge manufacturing country – the biggest in the world, in fact – until recently, China has not been on the radar when it comes to car manufacturing. Chinese automakers have never gained global attention for their high-quality petrol or diesel cars, with other U.S., European or Asian …

The export of non-oil commodities from Khuzestan province, in the southwest of Iran, rose eight percent in the first nine months of the current Iranian calendar year (March 21-December 21, 2022), as compared to the same period of time in the past year, according to an official with the customs …