Khorasan Petrochemical Company (KHPC) was named the National Exemplary Exporter of Iran.
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RoydadNaft – Oil prices settled lower on Friday after the Islamist group Hamas released two U.S. hostages from Gaza, leading to hopes the Israeli-Palestinian crisis…
The capacity of Iran’s renewable power plants has reached 1,088.18 megawatts (MW), the country’s Energy Ministry announced.
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The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
President Joe Biden's administration hopes to buy 6 million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan to replenish the emergency stockpile, the U.S. Department of Energy said on Thursday.
Oil prices gained more than $1 on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one of the world's top-producing regions.
The International Monetary Fund (IMF) in its latest Regional Economic Outlook report for the Middle East, North Africa and Central Asia has ranked Iran 26th among the countries of the mentioned regions in terms of foreign debt.
The South Pars Gas Complex (SPGC), an affiliate of the National Iranian Gas Company (NIGC), was established on October 20, 1998 to operate onshore facilities of phases of the South Pars gas field.
Russian wholesale prices of gasoline, which is still banned for export, declined on Thursday, while diesel prices rose after sliding the previous day.
RoydadNaft – Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but…
A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said.
U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.
The CEO of Masjid Sulaiman Petrochemical Industries announced the increase in the production capacity of chemical products in this company in current October.
The head of Kharg oil terminal announced the repair of the 225-ton crane boom in this terminal.
Iran’s Oil Minister Javad Owji, in a message, condemned Israel for committing crimes in the Gaza Strip and attacking a hospital in the besieged enclave.
OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organisation of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel, four sources from the producer group told Reuters.
An oil tanker that the U.S. government imposed sanctions on for recently carrying Russian oil above the Western price cap is proceeding to the Baytown refinery in Texas for unloading, Exxon Mobil said on Tuesday.