BREAKING NEWS Feed Atom

NPC chief says workshops will be formed to spur surge in production

2 years ago

8 April 2024

1:10 PM

Iran’s National Petrochemical Company (NPC) managing director said on Sunday workshops will be formed to realize the slogan of 1403 solar year (starting March 20, 2024) designated by the Leader as the year of “Surge in Production Through People’s Participation”.

Russia’s Orsk oil refinery suspends work after dam bursts amid flooding -agencies

2 years ago

7 April 2024

1:05 PM

Russia's Orsk oil refinery suspended work on Sunday, after the city's dam burst on Friday night amid flooding in the surrounding Orenburg region, Russian news agency cited the plant's press service as saying.

Iran’s annual trade with Iraq up 30%

2 years ago

7 April 2024

1:02 PM

Iran’s trade with neighboring Iraq registered a 30 percent growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024), according to an official with Iran’s Trade Promotion Organization (TPO).

MP: Investments in oil industry promising

2 years ago

7 April 2024

12:51 PM

A member of Iran’s Parliament said increasing investments, development of oil fields, and infrastructure measures in the oil industry are among promising economic moves.

Saudi Arabia raises May crude oil OSPs to Asian, Med buyers

2 years ago

6 April 2024

1:51 PM

Saudi Arabia has raised the official selling price (OSP) for its flagship Arab Light crude oil for customers in Asia and the Mediterranean in May, an Aramco statement showed on Friday.

ICOFC to begin developing Mokhtar gas field soon

2 years ago

6 April 2024

11:38 AM

Managing director of Iranian Central Oil Fields Company (ICOFC) said on Saturday that the development of the Mokhtar gas field in southwestern Iran will begin soon, Shana reported.

Annual LPG export rises 28%

2 years ago

6 April 2024

11:35 AM

Iran last year became the biggest West Asian supplier of Liquefied petroleum gas (LPG), with exports surging 28 percent to over 11 million tons, according to an analysis of ship tracking data and market intelligence by consultancy Facts Global Energy (FGE).

Owji: Resistance front’s actions deter energy exports to occupied territories; Zionist regime’s economic collapse imminent

2 years ago

6 April 2024

11:24 AM

Iran’s oil minister said on Friday the resistance front’s actions in vital crossings have deterred energy exports to the occupied Palestinian territories.

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.

RoydadNaft

Latest News of Oil, Gas and Petrochemical industry

BREAKING NEWS Feed Atom

NPC chief says workshops will be formed to spur surge in production

Russia’s Orsk oil refinery suspends work after dam bursts amid flooding -agencies

Iran’s annual trade with Iraq up 30%

MP: Investments in oil industry promising

Saudi Arabia raises May crude oil OSPs to Asian, Med buyers

ICOFC to begin developing Mokhtar gas field soon

Annual LPG export rises 28%

Owji: Resistance front’s actions deter energy exports to occupied territories; Zionist regime’s economic collapse imminent

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