"The process of gathering associated gases will accelerate this year so that the majority of petrochemical complexes' gas flares will be turned off at the end of the current Iranian calendar year on March 20 2025" NPC’s managing director said.
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Canada-based LNG Energy Group announced on Wednesday it had signed an agreement with Venezuela’s state-owned PDVSA Petroleo, though the renewal of US oil sanctions could potentially pose problems.
India has agreed to allow oil marketing companies to procure ethanol by diverting an extra 800,000 metric tons of sugar for biofuel production, a government source said on Wednesday.
Brent crude futures fell 4 cents, or 0.1%, to $87.98 a barrel by 1005 GMT while U.S. West Texas Intermediate crude futures were down 7 cents, or 0.1%, at $82.74.
Iranian contractors are implementing water and electricity projects in 50 countries, proving the country’s constructive approach to energy diplomacy.
The Islamic Republic of Iran is ready to play a great role in Sri Lanka’s economic growth by making available its technical and engineering services, Iranian president, Ebrahim Raisi said.
Iran's economic growth in 1402(last Iranian year) was largely due to its oil sector achievements, according to Saeed Tajik, head of the energy and environment committee at Tehran's Chamber of Commerce.
Brent crude futures fell 24 cents, or 0.27%, to $88.18 a barrel by 1024 GMT. U.S. West Texas Intermediate crude futures lost 33 cents, or 0.4%, to $83.03 a barrel.
Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country.
Iran’s gold reserves saw unprecedented growth last year, especially over the past three months, Al Mayadeen reported citing reliable foreign sources.
At the head of a high-ranking delegation, including the Minister of Petroleum Jawad Owji, the Iranian president headed toward Sri Lanka early this morning.
TC Energy's NGTL gas pipeline system in the western Canadian province of Alberta has resumed normal operations after a rupture last week prompted the company to reduce pressure on a segment of the line, TC said in a statement on Monday.
Global benchmark Brent crude oil futures traded 80 cents or 0.9% higher at $87.80 a barrel by 0847 GMT, while U.S. West Texas Intermediate crude futures also gained 71 cents or 0.9% to $82.61 a barrel.
Iran will host economy ministers from more than 40 African countries at the second Iran-Africa International Summit set to be held later this month, an official with the Trade Promotion Organization (TPO) said.
Iranian Minister of Petroleum, Javad Owji, says Islamabad is willing that Iran’s gas export pipeline to Pakistan (IP) become operational as soon as possible.
Iran and Pakistan have decided to boost the level of their bilateral commercial exchange to as much as 10 billion dollars annually, Iranian President said.
Brent futures were down 55 cents to $86.74 a barrel by 1020 GMT.The front-month U.S. West Texas Intermediate (WTI) crude contract for May , which expires on Monday, fell 33 cents to $82.81 a barrel in tepid trade.
Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday.
The National Iranian Oil Company (NIOC) has signed a contract with domestic firm Neign Afaq Kish Energy Development Company (TENCO) to implement 2-dimensional and 3-dimensional seismic operations in the north and northwestern Iran over a two-year period.
Iranian Minister of Petroleum, Javad Owji, embarked on his journey to Pakistan, accompanying the Islamic Republic of Iran’s president, Ebrahim Raisie, who left Tehran for a two-day visit to Pakistan today, 22 April.