Oil and Petrochemicals
Increase in Private Sector Participation in Upstream Oil Activities
Private sector participation in upstream oil activities is expanding with the arrival of the first drilling rig into ope...
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Oil and Petrochemicals
7% Decrease in Oil Prices Following Diplomatic Signals from Iran and the U.S.
Oil prices fell by nearly 7% on Monday following Iran and the U.S.'s readiness for diplomacy. Brent crude reached $105.6...
Oil and Petrochemicals
American Consortium Proposes $4.4 Billion LNG Terminal Project in Pakistan
A group of American companies has proposed a $4.4 billion project for the construction of an LNG import and storage term...
Oil and Petrochemicals
Government Resolution for Organizing the Urea Fertilizer Market and Settling Petrochemical Claims
The government, with the approval of a new resolution, has assigned the responsibility of planning the annual supply of...
Oil and Petrochemicals
Hasan Nasr Asfahani Appointed as the Head of Oil Industry Pension Funds
Hasan Nasr Asfahani has been appointed as the head of the oil industry pension funds. The main priorities of this respon...
Oil and Petrochemicals
GeoPark Begins 25-Year Contract with PDVSA for Bare Block
GeoPark signed a 25-year production sharing contract with PDVSA for the Bare Block in Venezuela and took control of this...
Oil and Petrochemicals
Aker BP Transfers Lyra Field Development Contract to Subsea7
Aker BP has transferred the Lyra field development contract worth $300 million to Subsea7. The field aims to produce its...
Oil and Petrochemicals
Petrofan 1405: The Connection of Knowledge-Based Companies with the Petrochemical Industry
The regional event Petrofan 1405 was held at the Fars Science and Technology Park with the aim of identifying the techno...
Oil and Petrochemicals
Ukrainian Drone Strikes on Russia's Yaroslavl Oil Refinery
The Yaroslavl oil refinery, the fifth largest in Russia, was targeted twice in recent Ukrainian attacks. This refinery h...
Oil and Petrochemicals
Houthi Attacks on Saudi Arabia's Ras Tanura Oil Field and Its Impact on Oil Prices
The recent Houthi attacks on Saudi Arabia's Ras Tanura oil field once again highlighted Iran's influence over the oil ma...
Oil and Petrochemicals
Decline in Brent and U.S. Crude Oil Prices Amid Regional De-escalation
Brent oil prices fell by 1.84% to $114.568, and U.S. crude oil dropped by 2.09% to $101.111 per barrel. This price drop...
Oil and Petrochemicals
Severe Decline in Freeport LNG Activity with Gulf South Pipeline Warning
Freeport LNG is facing new challenges stemming from its inability to supply confirmed natural gas. This issue arose afte...