Get to know the types of crude oil

Get to know the types of crude oil

The quality of crude oil varies and based on specific gravity and viscosity, they are divided into light, medium, heavy and very heavy crude oil.
US, Venezuela to announce oil sanctions deal on Tuesday

US, Venezuela to announce oil sanctions deal on Tuesday

The Biden administration and Venezuelan President Nicolas Maduro's government are expected to announce a deal on Tuesday that would ease U.S. sanctions on Caracas' oil industry while opening up Venezuela's 2024 presidential election, the Washington Post reported on Monday.
The embargo on Iran’s oil exports has not been lifted

The embargo on Iran’s oil exports has not been lifted

Emphasizing that there is no more news about the freezing of the sold crude oil shipments and the storage of gas condensate, the oil minister said: According to the American senators, no discount or lifting of sanctions has been done in the field of selling and exporting Iranian oil.
2.5 times more gasoline is consumed in Iran compared to the rest of the world

2.5 times more gasoline is consumed in Iran compared to the rest of the world

According to Energy Press report, Mohammad Baqer Qalibaf stated in the public session of the Islamic Council today, Monday, during the review of the chapter related to energy and the table for setting quantitative goals of Kurdish energy in the fields of oil and gas: We predicted in this table that the production of gasoline

Iran Oil Output Hits 3.5 mb/d

Iran Oil Output Hits 3.5 mb/d

On the eve of the second anniversary of the 13th administration, sanctions imposed on Iran have not been eased. However, Iran’s oil production has kept rising in the process. Furthermore, gas production and export capacity as well as petroleum products export has experienced growth.
Iran does not miss its share in Arash Square

Iran does not miss its share in Arash Square

Referring to the negotiations of the Ministry of Foreign Affairs regarding the development of the Arash field, the oil minister said: We expect to resolve the issues related to this field through negotiations with the Kuwaiti side. The Islamic Republic of Iran does not miss its share in Arash Square.