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[3] [4] In 2013, SOC began offering shares of stock on Tehran Stock Exchange. [5] With the annual production capacity of more than 700,000 MT, SOC is now the largest producer of base oil in the Middle East. [6] Under the brand name of Speedy, the company is one of the main producers of diesel and engine oils in the Mideast as well. [7] [8] [9]
A commercial oil tanker receives oil at a terminal off Iraq. Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications.
Behran Oil Company was founded in 1963 as a private joint venture with Exxon Mobil Company in Iran. The first products of the company were just packing and blending engine oils. The company became independent after the Islamic Revolution. Gradually it was expanded and now the production rate reaches 250,000 tons of base oil for each year, as ...
Iranian oil makes up 7% of Japan's and 30% of all Greece's oil imports. [17] Iran is also a major oil supplier to Spain and Italy. [37] In 2010, officials in Iran estimate that Iran's annual oil and gas revenues could reach $250 billion by 2015 once the current projects come on stream. [8]
SNOC (the Sharjah National Oil Corporation) is an Oil and Gas producer based in Sharjah, UAE. Established by Emiri decree in 2010, SNOC is a corporation wholly owned by the government of the Emirate of Sharjah. [1] [2] SNOC is the operator of the Sajaa Assets located in Sharjah, UAE. The Sajaa Assets consist of four gas fields, a hydrocarbon ...
Tensions in the Middle East are keeping oil prices volatile. Daily price moves of more than 2% in either direction have become a common occurrence since Hamas' surprise attack on Israel last month.
Oil snapped a five-day winning streak on Tuesday as the recent rally stemming from the Middle East conflict took a pause and China signaled no additional big stimulus. West Texas Intermediate ( CL ...
Top 5 oil-producing countries 1980–2022 World oil production This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.