TEHRAN (FNA)- A senior official at Iran’s Persian Gulf Star Refinery (PGSR) said that the domestic companies operating in the oil and gas industry are receiving more support to help the country decrease impacts of the US cruel sanctions.

TEHRAN (FNA)- Chief Executive of Iranian Offshore Engineering and Construction Company (IOEC) Saeed Vafapour said that the US sanctions have been turned into opportunities as the company has been successful to manufacture parts domestically.

TEHRAN – Two subsidiaries of the National Iranian Oil Company (NIOC) have signed 13 deals with domestic companies for the development of the country’s oil fields, Shana reported.

The COVID-19 pandemic will have a profound and lasting impact on oil supply, demand and price for the next 10 years. Two scenarios are presented to help producers understand the challenges associated with fast/slow economic recoveries.

Baker Hughes reported on Friday that the number of combined oil and gas rig count in the US fell yet again this week by 3, to 244, as the pandemic continues to batter the oil and gas industry that is coming off a second-quarter financial season filled with billions in industry writedowns and projections of weaker-than-projected oil demand growth going forward.

Russia and Saudi Arabia’s energy ministers agreed to stabilize the oil market. In a telephone conversation on Wed., Russia’s Minister of Energy Alexander Novak and his Saudi Arabian counterpart Abdul Aziz Bin Salman pointed to the necessity of stabilizing oil market and emphasized the need for the implementation of commitments agreed in OPEC plus by […]