Iran’s President Seyyed Ebrahim Raeisi said on Thursday the completion of downstream industry and value chain enhances raw materials with added value.
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The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday.
Brent crude futures were up 68 cents at $81.23 a barrel by 1140 GMT. U.S. West Texas Intermediate crude futures gained 65 cents to $76.50.
Iranian Foreign Ministry spokesman Nasser Kanaani on Wednesday reacted to the joint statement of Saudi Arabia and Kuwait on the joint Arash gas field following a visit by the Kuwaiti emir to Riyadh.
Iranian Oil Minister Javad Owji departed for the Venezuelan capital Caracas on Wednesday.
Iran’s President Seyyed Ebrahim Raeisi on Wednesday assigned the oil and energy minister to form specialized working groups to redress energy imbalance.
The National Productivity Organization of Iran head said the country looks to the oil industry – the industry of work and efforts – for economic growth.
A member of Iran’s Parliament on Wednesday described the Oil Ministry’s performance in the energy diplomacy as “successful” and “transformational”.
Spain can produce around 2.5 million tonnes of green hydrogen per year and reach a 23.3 gigawatt electrolysis capacity by 2030, Arturo Gonzalo, the CEO of Spanish gas grid operator said
A reimposition of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity, analysts and executives said.
Brent crude futures for March, fell 27 cents, or 0.3%, to $82.60 a barrel by 0441 GMT. The more actively-traded. U.S. West Texas Intermediate crude futures declined 23 cents, or 0.3%, to $77.59 a barrel.
Iran’s oil minister said contracts for implementing eight projects worth $14 billion in joint oil and gas fields will be signed during the Ten-Day Dawn (February 1-11, marking the 45th anniversary of the victory of the Islamic Revolution).
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Tuesday the upstream sectors of industries such as oil, gas, and steel, and professions like handicrafts provide plenty of opportunity for the participation of the private sector.
Iran’s Vice President for Science, Technology and Knowledge-Based Economy Rouhollah Dehqani Firouzabadi on Monday said a 500-million-euro contract has been signed with the National Iranian Gas Company (NIGC).
Canada's Trans Mountain said on Monday that it had run into technical issues and faces new delays as it tries to complete the final part of expanding its oil export pipeline.
India's Adani Total Gas reported a nearly 18% rise in its third-quarter profit on Tuesday, boosted by strong sales of its compressed natural gas (CNG).
The new Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Samad Hassanzadeh has said that considering the country’s capacities Iran’s economy can grow by 2.5 times the current level but the necessary conditions should be provided.
The managing director of National Iranian Gas Company (NIGC) has said 3,605 gas supply and network development projects are going to go operational during the Ten-Day Dawn (Feb. 1-11 which marks the 45th anniversary of the Islamic Revolution), Shana reported.
Brent crude futures rose 17 cents, or 0.21%, to $82.57 a barrel by 0401 GMT. U.S. West Texas Intermediate crude was up 17 cents, or 0.22%, at $76.95 a barrel.
Iran’s Oil Minister Javad Owji gave Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei a report on the oil industry’s main achievements under the 13th administration on Monday.