Iran’s oil industry has made advancements in technology despite sanctions, said the secretary general of the Gas Exporting Countries Forum (GECF) here on Wednesday.
BREAKING NEWS Feed Atom
The United Mexican States' Ambassador to the Islamic Republic of Iran Guillermo Alejandro Puente Ordorica said on Wednesday that despite the sanctions, Iran is one of the important oil producing countries in the region.
The ambassador of the Republic of Cuba to the Islamic republic of Iran said on Wednesday that “We are trying to pave the ground for the investment of Iranian companies in the field of oil and gas in Cuba.”
Iranian Parliament's Energy Committee spokesman, Mostafa Nakhaei, attributed the surge in foreign companies attending the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition to the failure of the sanctions project.
Fuel consumption in India jumped by 6.1% in April compared to the same month last year, official data showed on Tuesday, as demand in the world's third-largest crude oil importer continues to grow this year.
Brent crude oil futures fell $1.11, or 1.3%, to $82.05 a barrel by 0955 GMT. U.S. West Texas Intermediate crude futures fell $1.15, or 1.5%, to $77.23 a barrel.
The Department of International Affairs and Trading of Iran’s Ministry of Petroleum has actively participated in the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, said a ministry official on Wednesday.
The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, Iran Oil Show 2024, which was inaugurated on Wednesday paves the ground for the exchange of opinions for industrialists and beneficiary sides.
Managing director of Procurement and Commercialization of Technology at Petroleum Ministry, Gholamreza Khonsari, made the remarks adding that currently more than 85 percent of the oil industry’s equipment needs are being manufactured domestically which can turn Iran into an important country in view of exporting manufactured commodities.
Managing director of Abadan oil refinery Hakim Ghayem, reported of 317 million dollars profit during the last Iranian calendar year due to acceptable performance of the refinery.
Sri Lanka has entered into a 20-year power purchase agreement with India's Adani Green Energy Ltd for two wind power stations developed by the company, a cabinet statement said on Tuesday.
Brent crude futures were down 7 cents to $83.26 a barrel at 0950 GMT, while U.S. West Texas Intermediate (WTI) crude futures were unchanged at $78.48.
The Central Bank of Iran (CBI) has announced that the growth rates of monetary base and money supply declined significantly in the previous Iranian calendar year.
The chairman of the board of directors of the Oil Industry Equipment Manufacturers Association, Ehsan Saghafi, says the worth of our country’s equipment exports has reached 710 million euros over the last two and a half years.
China's Sinopec is in discussions with Pembina Pipeline Corp (PPL.TO) for a liquefied natural gas (LNG) offtake agreement and equity stake in the Canadian company's proposed Cedar LNG project, two sources with knowledge of the matter told Reuters.
Brent crude futures gained 73 cents, or 0.9%, to $83.69 a barrel at 0852 GMT, while U.S. West Texas Intermediate crude futures were at $78.95 a barrel, up 84 cents, or 1.1%.
Iranian minister of petroleum, Javad Owji, says that the Petroleum Ministry has managed to change Abadan Oil refinery into a profitable one.
Head of the Department of Environment (DOE), Ali Salajegheh, announced that the government had spent 5.5 billion dollars to reduce gas flaring to improve the air quality.
The International Energy Agency (IEA) in its latest report has forecast a 50 per cent rise in India’s oil demand as against global expansion of 7 per cent.
OPEC Secretary General, Haitham Al Ghais, has said that sanctions against Iran distorts the way that oil usually flows.