Sepehr and Jofeir oil fields became officially operational via videoconference in a ceremony attended by Iran’s President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji in southwestern province of Khuzestan on Friday. The national project for the development of the two fields, situated in the West Karoun region, 60 kilometers off southwest of Ahvaz, the […]

The International Energy Agency warned Thursday of plummeting oil stocks even as global growth in demand loses momentum. “Global observed oil stocks plummeted by about 60 mb (million barrels) in January, preliminary data indicate, with on-land inventories falling to their lowest level since at least 2016,” the IEA said in its latest monthly oil market […]

The cooperation document was inked by Iran’s Oil Minister Javad Owji and Turkish Minister of Energy and Natural Resources Alparsalan Bayraktar in the presence of Iranian President Seyyed Ebrahim Raeisi and his Turkish counterpart Recep Tayyip Erdogan. Following their talks at the 8th meeting of Iran-Türkiye High-Level Cooperation Council, the two countries’ officials signed 10 […]

The international tire and rubber value chain exhibition was held from January 9 to 11 at the Olympic Hotel in Tehran.

 KRAIBURG TPE is making significant developments in the automotive industry for interior design applications. These materials are transforming the way automotive interiors are designed and manufactured, offering a perfect blend of functionality, and aesthetics. TPE has become incredibly popular among vehicle designers because of its exceptional qualities and versatility. One of the key applications driving […]

The recent surge in oil production is putting the U.S. firmly in the lead among the five biggest oil-producing countries in the world, Bloomberg reported. The list also includes OPEC+ producers Saudi Arabia, Russia, and Iraq, and another North American producer—Canada. – The U.S. is now producing more than 13 million barrels per day (bpd) of […]