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Official: Iran capable of manufacturing 12,000 oil industry components
Iranian experts have the know-how to manufacture 12,000 components and sophisticated equipment of the petroleum industry inside the country, CEO of a major state-run oil corporation said, unveiling plans for domestic production of 7,500 new industrial parts.
Iran's draft budget eyes oil sale at $50 per barrel: Official
Iran’s budget for next year expects an oil price of $50 a barrel, head of Planning and Budget Organization Mohammad-Baqer Nobakht said at a press conference on Monday.
Mexico's Pemex announces discovery of giant oil deposit in Tabasco
Chief executive of Mexican state oil company Pemex, Octavio Romero Oropeza announced the discovery of a giant crude oil deposit in the southeastern Mexican state of Tabasco with the confirmed crude oil reserves equivalent to 500 million barrels.
Oil producers agree to deepen production cuts
Iran: Russia’s demand from OPEC+ on condensates rightful
VP: Iran still selling oil despite US sanctions
Iran is still selling its oil despite US sanctions on the country’s exports, First Vice President Es’haq Jahangiri said on Monday, adding that Washington’s “maximum pressure” on Tehran has failed.
Official raises possibility of finding new oilfield in SW Iran
The hydrocarbon exploration activities in Iran are expected to result in the discovery of a new major oil reservoir within the next few months, an official said.
Iran launches operation to seal an expanding leak off Persian Gulf rig
Iranian authorities say a major leak that has taken place off an oil rig in the Persian Gulf waters is being contained as they insist more work would be needed to stanch the expanding spill.
Oil prices steady as US-China trade deal talks seek breakthrough
Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world's two largest economies are soon to agree on ending their trade war.
Oil, wheat shipments grind to halt and imperil Canada’s economy
Canada’s $1.7 trillion economy has long been closely tied to the ebbs and flows of global trade.
US occupying Syria oil wells, looting resources: Damascus envoy to UN
Syria's UN Ambassador Bashar al-Ja'afari says the United States has been occupying the country's oil fields and looting its resources as the UN remains silent on Washington's act of theft.
Kenya reaps first billion from oil exports but economic forecast remains cloudy
Kenya has earned its first billion shillings from oil exports from the Turkana facility. But analysts say the milestone has been overshadowed by a cloud of economic gloom.
CNPC unit seeks major stake in newly-found Namavaran oilfield: Report
Iran is set to announce that an operating unit of the China National Petroleum Corporation (CNPC) will be the major stakeholder in the development of its supergiant new oilfield find Namavaran, has cited a senior source close to Iran’s Oil Ministry as saying.
150 NTBFs in oil industry equipment set up in sanctions period
The chairman of the board of directors of Iranian Association of Manufacturers of Oil Industry Equipment said that 150 new technology-based firms (NTBFs) were set up during the sanctions period.
Saudi Aramco values oil giant at $1.7tn
Saudi Arabia has placed a preliminary valuation on state oil company Aramco of between $1.6tn (£1.22tn) and $1.7tn.

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