The governor of Central Bank of Iran (CBI) said solar energy projects will receive immediate financing, underlining the sector’s priority for the government.
BREAKING NEWS Feed Atom
Iran’s high dependence on natural gas has made the industry particularly sensitive, the head of the National Iranian Gas Company said Thursday.
Brent crude futures rose 32 cents, or 0.5 percent, to $64.43 a barrel. U.S. West Texas Intermediate crude rose 32 cents, or 0.53 percent, to $60.80.
India is moving to secure its first long-term liquefied petroleum gas (LPG) contracts from the United States, Bloomberg reported. The move comes as Washington’s trade tensions disrupt the global supply of LPG, a key fuel for cooking and an important raw material for plastics.
Technologists from an Iranian industrial company used nanotechnology to significantly decrease flammability in the urban, rural and agricultural water transmission lines.
Iran’s Vice President and Head of the country’s Administrative and Employment Organization, in a meeting with the South Korean Ambassador to Tehran Kim Junpyo, emphasized the 14th administration's determination to develop administrative and technological cooperation with South Korea, naming government smartization and the use of artificial intelligence as key areas of this cooperation.
Brent crude futures rose 14 cents, or 0.2 percent, to $65.49 a barrel. U.S. West Texas Intermediate crude rose 14 cents, or 0.2 percent, to $61.92 a barrel.
India’s oil imports from leading supplier Russia dipped in September, but held at about a third of overall shipments in spite of a US push to curb flows it says are helping to fund Moscow’s war in Ukraine.
The international tanker market views the activation of the so-called “snapback” mechanism by three European countries, under US pressure, as having no significant effect beyond existing American sanctions, according to Lloyd’s List.
Iran supplied 50.2 billion cubic meters of natural gas to power plants in the first half of the irannian year 1404, marking a 2 billion cubic meter increase compared with the same period last year, the Oil Ministry announced.
Iran's oil minister outlined measures taken to ensure winter fuel supply this year, stating that actions have been implemented to increase raw gas production which will contribute to the amount of gas delivered to the national grid.
Brent crude rose 6 cents to $66.09 a barrel. U.S. West Texas Intermediate crude rose 4 cents to $62.41 a barrel.
US Energy secretary Chris Wright, who recently said Washington is keen for India to draw down energy purchases from Russia, is expected to visit India in either November or December.
The CEO of the National Iranian Oil Company said innovative and technological ideas must deliver practical results, adding that the company is prepared to shoulder the operational costs and risks of implementing such projects in the oil industry.
The head of Iran’s National Petrochemical Company stressed the need to attract new investments and boost production, urging the use of all available capacities to finance petrochemical projects.
The production oversight director of the National Iranian Oil Company stressed the need to clearly identify challenges in developing the oil industry, saying that with a scientific approach, those challenges can be recognized and resolved.
Brent crude futures fell 53 cents, or 0.8 percent, to $67.44 a barrel. U.S. West Texas Intermediate crude was trading at $62.83 a barrel, down 62 cents, or 1 percent.
India’s industrial output slowed to 4% in August 2025 from 4.3% in July, hit by weak consumer demand and US tariffs on Russian oil imports. Manufacturing, capital goods, and consumer non-durables dragged growth, while mining and infrastructure showed resilience.
Iran's Foreign Minister Abbas Araghchi has criticized the United States and three European nations for attempting to leverage the snapback mechanism of the 2015 nuclear deal to reimpose expired United Nations sanctions against Tehran.
The CEO of the National Iranian Oil Company marked National Firefighting and Safety Day by highlighting the bravery of the oil industry’s firefighters and emphasizing the importance of health, safety, environment, and employee well-being in all oil sector activities.