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Indian Oil Corporation Tenders for 10-KTA Green Hydrogen Unit at Panipat Refinery

2 years ago

5 April 2024

12:51 PM

The Indian Oil Corporation (IOC) has issued a tender for a 10-KTA Green Hydrogen Generation Unit (GHGU) at its Panipat Refinery Petrochemical Complex on a build-own-operate (BOO) basis.The initial delivery of hydrogen gas is anticipated within 30 months from the date of award.

Oil heads for second weekly gain on tighter supply outlook

2 years ago

5 April 2024

12:19 PM

Brent crude was up 36 cents, or 0.4%, to $91.01 a barrel by 1031 GMT. U.S. West Texas Intermediate crude was at $86.79 a barrel, up 20 cents, or 0.2%.

Iran’s 5.4% economic growth in 2023 second-highest in world: PBO chief

2 years ago

5 April 2024

12:14 PM

Iran’s Plan and Budget Organization (PBO) chief posted on X, formerly known as Twitter, that the country’s 5.4 percent economic growth in 2023 reported by the International Monetary Fund (IMF) was the second-highest rate in the world.

Owji: Turkish companies’ presence in Iran’s oil industry welcome

2 years ago

5 April 2024

12:11 PM

Iran welcomes Turkish companies’ participation in projects of its oil industry, said Oil Minister Javad Owji on Thursday.

Canadian crude prices to rise in 2024

2 years ago

4 April 2024

1:48 PM

Deloitte Canada anticipates an increase in Canadian crude prices in 2024, attributing the expected rise to the commencement of the Trans Mountain Expansion (TMX) pipeline project later this year.

OPEC+ gets oil price to its sweet spot, the trick is keeping it there

2 years ago

4 April 2024

1:45 PM

There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global crude oil market is almost exactly where the exporter group wants it.

US has not asked India to cut Russian oil purchases, American official says

2 years ago

4 April 2024

1:39 PM

The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stable global oil supplies while hitting Moscow's revenue, an American treasury official said on Thursday.

Oil steady, bolstered by lower supply concerns

2 years ago

4 April 2024

1:28 PM

Brent futures for June fell 5 cents to $89.30 a barrel at 0919 GMT. U.S. West Texas Intermediate (WTI) futures for May fell 1 cent to $85.42 a barrel.

The discovery of new oil resources in Iran

2 years ago

4 April 2024

1:26 PM

The National Iranian Oil Company (NIOC) says the country has discovered shale oil deposits in 10 different locations across the country.

Chinese company to develop Iraq-Iran border oilfield

2 years ago

4 April 2024

1:17 PM

The Khanaqin administration announced on Tuesday the imminent beginning of exploration and development of oil and gas production service in the Khanah Oil Field, on the border with Iran, by a large Chinese company to enhance oil and gas production and reserves.

Annual gas consumption rises 7,000 mcm

2 years ago

4 April 2024

1:02 PM

Gas consumption in Iran increased by seven billion cubic meters in the past Iranian calendar year 1402 (ended on March 19), the head of the state-run National Iranian Gas Company (NIGC)’s Dispatching Department announced.

Oil extends gains as geopolitical supply risks intensify

2 years ago

3 April 2024

8:22 AM

Brent crude futures for June rose 17 cents, or 0.19%, to $89.09 per barrel at 0650 GMT, while U.S. West Texas Intermediate crude futures for May climbed 7 cents, or 0.08%, to $85.22 a barrel.

Iran-Turkey trade reaches $930m in 2 months

2 years ago

3 April 2024

8:17 AM

The trade exchanges between Iran and Turkey in the first two months of 2024 reached $930 million, showing a one percent increase compared to the same month last year.

Iran’s annual oil exports hit nearly $36b: IRICA chief

2 years ago

3 April 2024

8:11 AM

Oil exports in the previous Iranian calendar year, which ended on March 19, fetched the country $35.87 billion, said the Islamic Republic of Iran Customs Administration (IRICA) head on Tuesday.

Economic growth has nothing to do with oil price hikes: Khandouzi

2 years ago

3 April 2024

8:09 AM

Rise in oil prices does not contribute to improvement of economic growth, said the Iranian government’s economic spokesman on Tuesday.

Haldia Petchem plans $10 bln oil-to-chemical project in south India

2 years ago

2 April 2024

10:27 AM

The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more than $10 billion project in southern India, HPL's chief executive said.

Indigenous investment in Canadian energy projects

2 years ago

2 April 2024

10:20 AM

Canada's First Nations are buying stakes in Canadian energy projects at an accelerating pace as they seek economic benefits from projects on their land and companies look to raise capital.

Brent breaks above $88 on fresh supply threats

2 years ago

2 April 2024

10:15 AM

Brent futures for June delivery were up $1.29, or nearly 1.5%, at $88.71 a barrel by 0912 GMT. U.S. West Texas Intermediate (WTI) crude futures for May rose $1.30, or about 1.6%, to $85.01.

Average daily gasoline consumption reaches 122m liters

2 years ago

2 April 2024

10:03 AM

Average daily gasoline consumption in Iran has reached about 132 million liters in the first 12 days of the current Iranian calendar year (March 20-31), according to the National Iranian Oil Products Distribution Company (NIOPDC).

Iran-China trade exceeds $2.8 billion in Jan-Feb

2 years ago

2 April 2024

9:59 AM

The China Customs has announced that the trade exchanges between Iran and China stood at more than $2.8 billion from January to February 2024.

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Latest News of Oil, Gas and Petrochemical industry

BREAKING NEWS Feed Atom

Indian Oil Corporation Tenders for 10-KTA Green Hydrogen Unit at Panipat Refinery

Oil heads for second weekly gain on tighter supply outlook

Iran’s 5.4% economic growth in 2023 second-highest in world: PBO chief

Owji: Turkish companies’ presence in Iran’s oil industry welcome

Canadian crude prices to rise in 2024

OPEC+ gets oil price to its sweet spot, the trick is keeping it there

US has not asked India to cut Russian oil purchases, American official says

Oil steady, bolstered by lower supply concerns

The discovery of new oil resources in Iran

Chinese company to develop Iraq-Iran border oilfield

Annual gas consumption rises 7,000 mcm

Oil extends gains as geopolitical supply risks intensify

Iran-Turkey trade reaches $930m in 2 months

Iran’s annual oil exports hit nearly $36b: IRICA chief

Economic growth has nothing to do with oil price hikes: Khandouzi

Haldia Petchem plans $10 bln oil-to-chemical project in south India

Indigenous investment in Canadian energy projects

Brent breaks above $88 on fresh supply threats

Average daily gasoline consumption reaches 122m liters

Iran-China trade exceeds $2.8 billion in Jan-Feb