The volume of trade exchanges between Iran and the Eurasian Economic Union (EAEU) member states in the first seven months of the current Iranian calendar year (started March 21, 2023) reached $4.2 billion.
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The CEO of Dehdasht Petrochemical Industries announced the installation of butane storage tanks in this industrial unit.
The energy ministers of 5 countries Pakistan, Iraq, Uzbekistan, Tajikistan and Afghanistan are coming to Tehran this week to attend the opening of the Iran International Electricity Exhibition.
Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+’s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty.
The price of crude oil, natural gas, and gasoline has dropped more than 10% in recent weeks, but the U.S. Energy Information Administration (EIA) believes higher prices are in the future even though several economic indicators create questions.
The ongoing conflict in the Middle East, confined mainly to the Gaza region now, has caused only negligible disruption in India’s trade so far. Some sectors such as fertilizers and diamonds — both cut and polished — may see a slight, but manageable, impact, while for most others impact will be insignificant, finds a recent Crisil Ratings study.
China's oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions, Reuters reported.
A member of Iran’s Parliament on Saturday described exports of the country’s crude oil and gas condensates as “favorable”.
RoydadNaft – OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by S&P Global Commodity Insights found, adding supply pressures to…
The oil-producing country hosting the annual UN climate conference wants other petroleum producers to pledge to curb greenhouse gases, but critics say the plan doesn’t go far enough.
During a May wildfire that scorched a vast swath of spruce and pine forest in northwestern Canada, Julia Cardinal lost a riverside cabin that was many things to her: retirement project, gift from from her husband, and somewhere to live by nature, as her family had done for generations.
The LNG sales and purchase agreement signed between QatarEnergy and China Petrochemical Corp., or Sinopec, was likely priced around 12.7% slope to crude oil, with flexibility for Sinopec to receive LNG cargoes at its terminals in China, market sources said Nov. 9.
Wars almost always bring upheavals in securities, currencies, and commodities. The lack of impact from the Israel-Hamas war has been remarkable, even puzzling, especially for oil, which might be expected to have been affected most directly by the risk of a wider conflict in the Middle East.
The president of Cuba announced the facilitation of the entry of Iranian companies into the Cuban market.
National Iranian Oil Engineering and Construction Company (NIOEC) is tasked with operating infrastructure projects in the downstream oil sector including refining, storage, transport, and distribution of crude oil and petroleum products in Iran. With more than seven decades of work in infrastructure refining, NIOEC has developed special potential in handling such projects, rendering Iran independent of foreign companies.
Iran’s National Petrochemical Company seeks to adopt an integrated approach to exporting petrochemical products to target markets, said the NPC managing director.
Montreal-based renewable energy firm TES Canada H2 Inc will build a C$4-billion ($2.9 billion) green hydrogen project in Quebec that is expected to create 200 permanent jobs and reduce 3% of the province's carbon emissions by 2030, a source familiar with the project told Reuters on Thursday.
Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market attention turns to a key meeting of OPEC and its allies this month which will determine the group's next move on production.
Iraq, currently dependent on Iran for gas and electricity, is seeking to develop its own gas supply as well as import gas from Turkmenistan.
OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by S&P Global Commodity Insights found, adding supply pressures to flagging market sentiment, as Iran and Iraq led the group's production higher.