The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 million barrels with good profitability. On behalf ...

Green succeeds Jeff Shellebarger who will retire after a 38-year career Nigel Hearne appointed president of Chevron Asia Pacific Exploration and Produ...

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh blamed President Donald Trump for the current tumultuous oil market, saying, “Thr...

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh advised US President Donald Trump to stop imposing sanctions on producing countries in ...

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zanganeh said the main culprit of high oil prices was US President Donald Trump and his disrupti...

TEHRAN (Shana) -- The tenth meeting of the Joint Ministerial Monitoring Committee (JMMC) will be held on Sunday with Saudi Arabia as its president, an...

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zanganeh said US President Trump's recent tweet on oil prices was the biggest insult to Wash...

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Seung-Il Cheong, President and Chief Executive Officer of K...

Alexey Miller, Chairman of the Gazprom Management Committee, Nguyen Vu Truong Son, CEO, Member of the Board of Directors of PetroVietnam, and Nguyen Q...

TEHRAN (Shana) -- "Saying that the US will bring Iran's oil exports to zero is an irrelevant statement," said First Vice President Eshaq...

TEHRAN (Shana) -- Since taking office in 2013, the administration of President Hassan Rouhani has focused on putting an end on selling raw materials. ...

TEHRAN (Shana) -- Iranian President Hassan Rouhani officially inaugurated three petrochemical projects in Asaluyeh, southern Iran. The...