The head of the National Iranian Gas Company (NIGC) Majid Chegeni has officially unveiled the country’s energy and environment optimization market in the Iran Energy Exchange (IRENEX), Shana reported.
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Indian Ambassador to Iran Rudra Gaurav Shresth says that if the Iranian economy was not under the pressure of sanctions, the volume of trade between the two countries could reach $16 billion while it is now as low as $2 billion.
Balanced development and completing the value chain are two main targets of the petrochemical industry which are expected to be attained over the next seven years.
The price of the OPEC basket of twelve crudes rose by 3.91 dollars month-on-month from 83.22 dollars on May 31 to 87.13 on June 30.
The electricity generated by renewable sources increased by 28 percent in the third Iranian calendar month (ended on June 20) compared to the same month last year, ISNA reported.
China’s independent refiners have increased their crude imports from Iran by 4.3 percent in June to an eight-month high of around 6.1 million metric tons.
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Official figures show that pro-reform candidate Masoud Pezeshkian wins about 16.4 million votes, thereby becoming Iran's new president. His conservative opponent Saeed Jalili garnered about 13.5 million votes.
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Indian oil companies, BPCL, Hindustan, and BPCL are negotiating with Brazilian energy firm Petrobras to secure long-term crude oil supply contracts, as part of India's energy diversification strategy.
Brent crude futures was up 11 cents, or 0.13%, at $87.54 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 24 cents, or 0.29%, to $84.12.
Iran and Turkmenistan have signed a gas swap deal under which Ashgabat will sell up to 10 billion cubic meters (bcm) of natural gas to Iraq each year.
China’s independent refiners have increased their crude imports from Iran by 4.3 percent in June to an eight-month high of around 6.1 million metric tons.
A visit to Russia by Indian Prime Minister Narendra Modi, expected within days, could help dispel worries that New Delhi is getting too close to the West and further away from Moscow, ceding space to China, analysts said.
Brent crude futures were down 43 cents, or 0.49%, at $86.91 a barrel by 0855 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 49 cents, or 0.58%, to $83.39 in trade thinned by the U.S. Independence Day holiday.
While the enemy has announced clearly that it has failed to prevent Iran from selling its crude oil, some call it into doubt at home, the spokesman of the Iranian government Ali Bahadori-Jahromi announced.
The managing director of the National Iranian Gas Company (NIGC) Majid Chegeni has said that the launch of the energy optimization market is one of the tools of people's participation.
Iranian Minister of Petroleum Javad Owji says that Iran’s foreign exchange revenue from exporting crude, gas condensate, oil products, and petrochemicals rose 3.5 times during the 13th administration in office since August 2021.
Brent crude futures edged up 46 cents, or 0.5%, to $86.70 per barrel at 0645 GMT. U.S. West Texas Intermediate crude futures climbed 42 cents or 0.5% to $83.23 per barrel.
The Ministry of Petroleum and Natural Gas of India (MoPNG) has set the domestic natural gas price for July 2024 at $8.24 per million British thermal units, aiming to regulate pricing in India's growing natural gas sector.