The recently signed gas supply deal between Russia and Iran could shake up the international gas market in a big way if the Kremlin gets its way.
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Director of supply and distribution at the National Iranian Oil Products Distribution Company says the company has supplied 30 percent more fuel to the country’s power plants in the current Iranian calendar year compared to the previous year.
Iran’s foreign trade value, including oil exports, has reached 51 billion dollars over the first four months of the current Iranian calendar year, since 21 March 2024.
NIGC manages to supply natural gas to power plants and electricity generators, despite the challenging weather conditions, particularly in the southern regions, which account for over 93% of fuel needs.
Brent crude oil futures fell by 12 cents or 0.15% to $79.78 a barrel by 0033 GMT. U.S. crude futures were down 14 cents, or 0.18%, at $75.67 a barrel.
India expects to boost its refining capacity by around one-fifth to have 6.19 million barrels per day (bpd) of crude processing capacity by 2028, according to its junior petroleum minister.
Iran earned some $3.39 billion from exports of petrochemical products in the three months to June 20, according to a senior industry official.
Russia’s VTB Bank will participate in the 14th International Exhibition of Exchange, Bank and Insurance (Iran Finex 2024), according to the secretary of the policy-making council of the exhibition.
Head of Iran's Renewable Energy and Energy Efficiency Organization (SATBA) has said 600 renewable power plants with a total capacity of 13,500 megawatts (MW) are under construction across the country after completion which the share of renewables in the Iran’s power generation will reach 15 percent.
India and Saudi Arabia on Sunday discussed various opportunities for bilateral investments in diverse areas in the public and private sectors, including refining and petrochemical plants, new and renewable energy, and power.
Brent crude futures gained 20 cents, or 0.3%, to $81.33 a barrel at 0010 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed 9 cents, or 0.1%, to $77.25 a barrel.
Iran’s non-oil exports rose by $1.35 billion in the four months to July 21 compared to the same period last year, according to the latest figures released by Iran’s House of Industry, Mine and Trade.
Mohammadreza Aref was appointed as the first vice president of the 14th administration which took office today.
Kuwait Petroleum International and Vietnam Oil & Gas Group, which are building Vietnam’s second oil refinery, plan to expand cooperation in exploring for crude and trading fuel, the Vietnamese state-owned company said on Monday.
Iranian Energy Minister Ali-Akbar Mehrabian has said that six major power plant units have come back on stream after going through overhaul to meet the rising demand for electricity in the coming weeks, IRNA reported.
In a ceremony on Sunday, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei officially confirmed Masoud Pezeshkian as president of Iran for four years.
In a ceremony on Sunday, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei officially confirmed Masoud Pezeshkian as president of Iran for four years.
Prime Minister Justin Trudeau’s government is likely to stall the sale of the Trans Mountain oil pipeline until after the federal election in 2025, according to officials familiar with internal discussions.
Ankara is increasing natural gas imports to boost European energy security, focusing on supplying Turkmen gas to Turkey and exporting it to Europe.
China continues to import nearly record levels of Iranian oil this year, despite reduced Iranian crude intake by independent refiners due to low refining margins.
Iran’s Trade Promotion Organization (TPO) has held a seminar on the trade opportunities of Iran and Turkmenistan as the Islamic Republic is going to hold specialized agrifood exhibition in Turkmenistan, the TPO portal reported.