The oil terminal will be built on Qeshm Island in the southern part of the Gulf and will turn the island into a major centre for oil production and storage
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BP eyes investment in Iran oilfields: Report
Negotiations are underway with BP for cooperation in oilfield development, boosting recovery rate at oilfields and research projects
Russia tops KSA as world’s largest oil exporter
The country has overtaken Saudi Arabia in crude exports, and retained the top spot in exports of natural gas, according to a BP report
Shell resumes Iranian oil purchases
Shell fixed Suezmax tanker Delta Hellas to bring 130,000 tonnes of Iranian crude from Kharg Island on July 8 to continental Europe
World oil reserves stable despite low spending: BP
Investment in oil and gas fell in 2015 by around a quarter from a year earlier to $160bn
Iran gives Total 6 months for making oilfield bid
Deputy Oil Minister says several European and Asian firms have expressed willingness to develop the South Azadegan oilfield, and that the Islamic Republic’s MoU with Total is not binding
Oil & Gas and RPME Award Winners: Class of 2015
As voting for the seventh annual Oil & Gas Middle East and RPME Awards gets underway, we take a look back at the winners in 2015
Oman plans to tender five oil blocks in October
These oil and gas blocks spread in different parts of the country will be awarded, after a tending process, on production sharing basis, according to the Sultanate’s Ministry of Oil & Gas
Iran oil output currently at 3.82mn bpd: Zanganeh
Oil Minister Bijan Zanganeh predicts Iran will have around 5-6% spare production capacity after reaching 4mn bpd by the end of the year
Aramco raises Asia oil pricing amid robust demand
State oil giant Saudi Aramco increased its official selling price for Arab Light crude by 35 cents a barrel to 60 cents more than the regional benchmark for sales to Asia