Mojtaba Damirchilou, the secretary-general of the Eurasian Department at the Ministry of Foreign Affairs proposed the establishment of an energy corridor from Russia passing through Iran to the Persian Gulf on Saturday.
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Iraq is holding an oil and gas licensing round for 29 projects in a bid to develop its huge gas reservoirs to help power the country and lure billions of dollars in investments.
Iran is to launch 15 petrochemical projects by the end of the current Iranian calendar year (to end on March 20, 2025), said the managing director of National Petrochemical Company of Iran (NPC) here on Saturday.
Deputy Chairman of Turkmengas State Concern, Murad Archaev, emphasized the significance of bilateral cooperation with Iran in the gas industry, focusing on techno-engineering services export and gas swap.
The National Iranian Oil Refining and Distribution Company (NIORDC) managing director announced on Friday that investment opportunities valued at $19 billion are ready for investors in Iranian refining industries.
Yemen’s Ambassador to Tehran Ibrahim Mohammed al-Dailami called for expansion of energy cooperation between his country and Iran along with the exchange of scientific and technical oil data.
Pars Oil and Gas Company's managing director, Mohammadhosain Motejali, emphasizes the importance of investing in the South Pars gas field, which provides 70% of domestic natural gas needs.
Iran's National Petrochemical Company reported that its petrochemical complexes, with 79% of their capacity, produced 74.3 million tons of petrochemicals in the last Iranian year.
India's petrochemical demand is projected to grow at around 8 per cent in 2024, surpassing the country's economic growth rate of 6 per cent-7.1 per cent annually from 2024-2026, according to a report by S&P Global Commodity Insights.
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel, while West Texas Intermediate (WTI) crude futures rose by 0.6 percent to $79.26 per barrel at 21:21 ET (01:21 GMT).
Canada's oil sands will produce 3.8 million barrels per day (bpd) by 2030, a 15% increase from current levels, as companies focus on investing in optimizing existing projects and making them more efficient, a report from S&P Global Commodity Insights said on Thursday.
Iran's Oil Minister Javad Owji says the country’s oil production has increased by 60 percent in the current government starting August 2021, Shana reported.
Gas imbalance is a major barrier to expansion of export markets for Iran, said Mehdi Seyyedi, the head of the Ministry of Petroleum’s Europe, Americas and CIS Affairs Division in a meeting to study Iran’s capacities to become a gas hub, emphasizing the ways to gain positive gas balance.
Iranian Minister of Petroleum Javad Owji held talks with the Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Thursday and discussed latest development in global gas market.
Managing director of the Iran Fuel Conservation Company (IFCO), Hosain Abniki, says energy consumption in Iran is more than double the world standards.
Iran's liquefied petroleum gas export increased by 30% in the last Iranian year of 1402, according to the International Affairs Department of the National Iranian Gas Company.
International benchmark Brent crude traded at US$83.86 per barrel, a rise of 0.34 per cent from the closing price of US$83.58 per barrel in the previous trading session. American benchmark West Texas Intermediate (WTI) traded at US$79.39 per barrel.
Canada's oil industry is celebrating the Trans Mountain pipeline expansion, with executives and analysts predicting long-term production growth depends on new takeaway capacity availability.
Iran's crude oil production has risen by 70% in 2.5 years under the 13th Administration, according to Mohsen Khojastehmehr, CEO of the National Iranian Oil Company.
Iran’s natural gas production capacity increased by 60 million cubic meters per day in last Iranian calendar year (ended March 19, 2024), said the head of National Iranian Gas Company (NIGC) here on Thursday.