Iran's Oil, Gas & Petrochemical Daily News

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Saudi Aramco signs 34 MOUs and agreements with US companies, potentially worth $90 Bln Saudi Aramco signs 34 MOUs and agreements with US companies, potentially worth $90 Bln
17 May, 2025
Saudi Aramco has announced the signing of 34 memorandums of understanding (MOUs) and agreements with major US companies,...
Latest status of Iran’s Lorestan oil shale study project Latest status of Iran’s Lorestan oil shale study project
17 May, 2025
Director of Exploration at the National Iranian Oil Company (NIOC), visited the Qalikouh oil shale site in Lorestan province, ....
Latest statues of phase II of Iran’s Serajeh underground gas storage project Latest statues of phase II of Iran’s Serajeh underground gas storage project
17 May, 2025
the head of Iranian Gas Engineering and Development Co. (IGEDC), during a visit to the progress of the second phase of the gas storage project in the Serajeh gas field....
Adnoc's XRG acquires stake in Turkmenistan gas project Adnoc's XRG acquires stake in Turkmenistan gas project
17 May, 2025
Adnoc’s international investment company XRG has acquired a 38% stake in an offshore natural gas condensate project in Turkmenistan from Malaysia's Petronas.
TotalEnergies awards Chinese CPECC $1.6 Bln Iraq contract TotalEnergies awards Chinese CPECC $1.6 Bln Iraq contract
17 May, 2025
Chinese contractor China Petroleum Engineering & Construction Corporation (CPECC) has received a letter of award from TotalEnergies for the Ratawi gas processing plant in Iraq.
US EOG wins UAE onshore oil exploration concession US EOG wins UAE onshore oil exploration concession
17 May, 2025
US operator EOG Resources has been awarded a new onshore oil exploration concession in the UAE by Abu Dhabi’s Supreme....
Eurasian Economic Union ‘Free Trade Deal’ with Iran goes into effect Eurasian Economic Union ‘Free Trade Deal’ with Iran goes into effect
16 May, 2025
The Eurasian Economic Union (EEU) free trade deal with Iran went into effect on Thursday, paving the way for increased trade across...
Latest developments on Iran, US nuclear issue Latest developments on Iran, US nuclear issue
16 May, 2025
As of May 16, 2025, the United States and Iran are reportedly nearing a new nuclear agreement, though significant challenges remain. 
Iran’s hydrocarbon exports hit $67 Bln last year Iran’s hydrocarbon exports hit $67 Bln last year
15 May, 2025
Based on reports published by the Central Bank of Iran, the country’s oil and gas exports reached over $67 billion in last Iranian year...
Conditional approval of ‘Palermo Bill’ by Iran’s Expediency Council Conditional approval of ‘Palermo Bill’ by Iran’s Expediency Council
14 May, 2025
On May 14, 2025, Iran’s Expediency Council conditionally approved the country’s accession to the Palermo Convention.
Latest on Iran, US nuclear talks issue Latest on Iran, US nuclear talks issue
14 May, 2025
As of May 14, 2025, the United States and Iran have concluded their fourth round of nuclear negotiations in Oman. While both sides described the discussions....
Iran’s NDF 5th conference to be held on May 19 Iran’s NDF 5th conference to be held on May 19
14 May, 2025
The fifth conference of the Iran’s National Development Fund (NDF), under the title " Development Governance: The National Development Fund and Addressing Imbalances”...
Iran’s NDC plans to buy more drilling rigs Iran’s NDC plans to buy more drilling rigs
14 May, 2025
Managing Director of Iran’s North Drilling Company, stated: "Currently, 12 of our rigs are engaged in drilling operations across both land and sea,....
Iran’s APGT MD: Gas imbalance and production halt in petrochemicals caused liquidity reduction Iran’s APGT MD: Gas imbalance and production halt in petrochemicals caused liquidity reduction
14 May, 2025
Manabging Director of Iran’s Assaluyeh Petrochemical Green Tanks (APGT), stated:  "Last year, since the storage tariff was fixed, ...
Iran’s NISOC issues public call for contractor identification Iran’s NISOC issues public call for contractor identification
14 May, 2025
National Iranian South Oil Company (NISOC) is planning to receive the services of qualified contractors for the purpose of implementing and maintaining...
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