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Iran exports $128m worth of technical, engineering services to Iraq in H1

2 months ago

29 October 2025

4:20 AM

The head of the Iran-Iraq Joint Chamber of Commerce, Industries, Mines, and Agriculture said that $128 million worth of technical and engineering services were exported to Iraq in the first six months of the current Iranian calendar year (March 21-September 22), which is not an appropriate figure.

Power plant fuel tanks full; gasoline consumption up 6.5% in October

2 months ago

29 October 2025

3:29 AM

The managing director of the National Iranian Oil Products Distribution Company said power plant fuel tanks across the country are full, leaving little capacity for additional storage.

Minister: Oil industry leads Iran’s economic resilience

2 months ago

29 October 2025

3:26 AM

Iran’s Oil Minister Mohsen Paknejad said the oil industry is the main pillar of Iran’s economic resilience and plays a leading role in overcoming the country’s challenges.

World crude oil prices today (October 28, 2025) / Brent oil price fell to $64.33

2 months ago

28 October 2025

11:47 AM

Brent crude futures fell $1.29, or 2 percent, to $64.33 a barrel. U.S. West Texas Intermediate crude futures fell $1.20, or 2 percent, to $60.11.

Indian Oil Corp will not completely avoid Russian crude purchases, exec says

2 months ago

28 October 2025

10:35 AM

Indian Oil Corp, the country's top refiner, will not completely discontinue buying Russian crude, a top company executive said on Tuesday.

Petchem projects under Iran’s 7th Development Plan reach 60% progress

2 months ago

28 October 2025

10:20 AM

Iran’s National Petrochemical Company (NPC) announced that projects included in the country’s Seventh National Development Plan have achieved an average progress rate of 60 percent, with an estimated total investment requirement of around $26 billion.

Only 15% of Iran’s petchem investments come from genuine private sector players

2 months ago

28 October 2025

3:29 AM

The National Petrochemical Company’s managing director said the industry is focusing on attracting investment from genuine private sector players, noting that only about 15% of the $92 billion invested in Iran’s petrochemical sector so far has come from real private investors.

Limited time to tap Iran’s oil resources

2 months ago

28 October 2025

3:27 AM

The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.

World crude oil prices today (October 27, 2025) / The world price of Brent oil rose to $66.08

2 months ago

27 October 2025

4:27 PM

Brent crude futures rose about 14 cents, or about 0.2 percent, to $66.08 a barrel. U.S. West Texas Intermediate crude futures rose 22 cents, or 0.4 percent, to $61.74.

India needs to make a big oil and gas discovery soon: Oil Secy Pankaj Jain

2 months ago

27 October 2025

6:41 AM

India’s oil Secretary Pankaj Jain says India's credibility is at stake if it fails to find a major oil and gas reserve soon, urging faster, technology-driven exploration efforts.

Hasheminejad Gas Refinery processes 6 bcm in six months

2 months ago

27 October 2025

6:31 AM

The managing director of Hasheminejad Gas Refinery announced that the facility processed more than 6 billion cubic meters of natural gas during the first six months of this year.

South Pars platforms ready to ensure maximum gas supply in winter

2 months ago

27 October 2025

6:29 AM

Iran’s South Pars gas platforms have completed a comprehensive overhaul program and are now fully prepared to maximize gas production during the cold season, the managing director of the Pars Oil and Gas Company (POGC) said.

Fajr Jam Gas Refinery cuts gas flaring by 71%

2 months ago

27 October 2025

6:23 AM

The acting head of Fajr Jam Gas Refining Company said the volume of gas sent to flares has dropped by more than 71% since the Iranian year 1398 (2019), helping to reduce greenhouse gas emissions.

TotalEnergies Lifts Force Majeure on $20 Billion Mozambique LNG Project After Four-Year Suspension

2 months ago

26 October 2025

7:43 AM

French energy giant TotalEnergies and its partners have officially lifted the force majeure on the long-delayed $20 billion Mozambique LNG project, marking a key step toward restarting operations that were halted four years ago due to militant attacks in the country’s northern Cabo Delgado province.

South Pars Platforms at full swing of production after overhaul

2 months ago

26 October 2025

5:28 AM

The deputy director of operations and support at Pars Oil and Gas Company announced the successful completion of major overhauls on offshore platforms in the shared South Pars field, saying all platforms have now returned to production.

Gas industry needs $42b in investment

2 months ago

26 October 2025

5:25 AM

Iran’s gas industry will require about $42 billion in investment by the end of the Seventh Development Plan, a senior official said, emphasizing that the sector seeks not only financial input but also innovation, management expertise, and stronger international connections.

Power plant diesel reserves grow with 7-m-liter boost

2 months ago

26 October 2025

5:22 AM

The head of the National Iranian Oil Products Refining and Distribution Company said simultaneous efforts to boost production and manage consumption have increased diesel output by 7 million liters, leading to higher fuel reserves for power plants.

Brazil’s Petrobras reports record oil exports in third quarter as output rises

2 months ago

25 October 2025

7:24 AM

Brazilian state-run oil firm Petrobras reported record exports of some 814,000 barrels of oil per day in the third quarter, as production surged and 11 wells started operating, the firm said on Friday.

Iranian Ministries to Cooperate in Launching Rooftop Solar Power Plants

2 months ago

25 October 2025

7:04 AM

The Iranian Vice-Presidency for Science, Technology and Knowledge-Based Economy launched the development of small-scale solar power plants in 22 ministries by using the solar panels manufactured by the country’s knowledge-based companies.

Inside Iran’s record gas transmission push

2 months ago

25 October 2025

6:57 AM

The record-breaking performance and resilience of Iran’s gas transmission network in harsh conditions demonstrate how its pipelines and compressor stations continue operating even amid freezing weather and security threats.

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Latest News of Oil, Gas and Petrochemical industry

BREAKING NEWS Feed Atom

Iran exports $128m worth of technical, engineering services to Iraq in H1

Power plant fuel tanks full; gasoline consumption up 6.5% in October

Minister: Oil industry leads Iran’s economic resilience

World crude oil prices today (October 28, 2025) / Brent oil price fell to $64.33

Indian Oil Corp will not completely avoid Russian crude purchases, exec says

Petchem projects under Iran’s 7th Development Plan reach 60% progress

Only 15% of Iran’s petchem investments come from genuine private sector players

Limited time to tap Iran’s oil resources

World crude oil prices today (October 27, 2025) / The world price of Brent oil rose to $66.08

India needs to make a big oil and gas discovery soon: Oil Secy Pankaj Jain

Hasheminejad Gas Refinery processes 6 bcm in six months

South Pars platforms ready to ensure maximum gas supply in winter

Fajr Jam Gas Refinery cuts gas flaring by 71%

TotalEnergies Lifts Force Majeure on $20 Billion Mozambique LNG Project After Four-Year Suspension

South Pars Platforms at full swing of production after overhaul

Gas industry needs $42b in investment

Power plant diesel reserves grow with 7-m-liter boost

Brazil’s Petrobras reports record oil exports in third quarter as output rises

Iranian Ministries to Cooperate in Launching Rooftop Solar Power Plants

Inside Iran’s record gas transmission push