Iran’s Vice-President for Science, Technology and Knowledge-Based Economy Rouhollah Dehqani Firouzabadi on Sunday said knowledge-based companies need a large and stable market.
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The National Iranian Gas Company managing director on Sunday said NIGC plans to invest up to $2 billion in the knowledge-based sector within the next few years.
Average daily gasoline consumption in Iran has reached about 113 million liters in the 10th month of the current Iranian calendar year (started on December 22, 2023), the managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) said.
The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the executive operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant will begin within the next few months.
The managing director of Zanjan Province Gas Company said 117 villages of Iran’s northwestern province have been supplied with gas since the 13th administration took office in August 2021.
Turkmenistan and the Republic of Azerbaijan are holding a discussion about the resumption of gas swap, said the National Iranian Gas Company (NIGC) on Saturday.
Oil and Natural Gas Corporation (ONGC) emerged as the dominant player in the Open Acreage Licensing Policy (OALP-VIII) bid round, securing seven out of ten blocks.
Finland's gas system operator said on Friday it had invoked its right to order a rapid extra delivery of liquefied natural gas (LNG) to ensure market balance amid a surge in demand driven by a prolonged cold spell that drove up electricity prices.
Brent crude futures settled up $1.17, or 1.51%, at $78.76 a barrel. U.S. West Texas Intermediate crude futures finished up $1.62, or 2.24%, at $73.81.
The head of the National Iranian Gas Company (NIGC) said 90 percent of the country’s rural areas are going to be supplied with gas through the national gas network by the end of the current Iranian calendar year (March 19), Shana reported.
India approved signing a 5-year memorandum of understanding (MoU) with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources.
India plans to halve the amount of equity investment to $1.8 billion for 2023/24 to help fund three state oil refiners' green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit.
Brent crude futures were up 44 cents, or 0.57%, to $78.03 a barrel, while U.S. West Texas Intermediate crude futures rose 57 cents, or 0.79%, to $72.76 at 1032 GMT.
The coordination meetings of Iran-Turkey Joint Economic Committee were held during the visit of the Iranian minister of transport and urban development as the head of this committee to Ankara.
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer, refinery and trade sources said.
Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais, in a message to Iran’s Oil Minister Javad Owji, extended his condolences to Iran on Thursday over the deadly terrorist attacks in the southeastern city of Kerman.
Trans Mountain Corp plans to begin line fill in March or May on its long-delayed Canadian oil pipeline expansion, depending on the diameter of pipe it uses and assuming no new problems, the Canadian government-owned company said in a filing on Wednesday.
Brent crude rose 70 cents, or 0.9%, to $78.95 a barrel by 1148 GMT while U.S. West Texas Intermediate crude futures rallied 74 cents, or 1%, to $73.44.
Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to the lowest since the outbreak of COVID-19, bankers said.
Oil futures settled higher Wednesday after reports of fatalities following explosions at a ceremony held to mark the four-year death anniversary of Shaheed Qasim Soleimani.