Former Turkmen President Gurbanguly Berdymukhamedov said that his country's "primary goal" was to diversify exports of its enormous gas reserves, the world's fourth largest, according to the transcript of an interview published on Sunday.
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India and Brazil on Saturday set an ambitious target to boost bilateral trade to $30 billion by 2030, up from the previous goal of $20 billion.
Iran’s first ground-based and clean flare in the petrochemical industry has been successfully commissioned at the Persian Gulf Sadaf Petrochemical Complex, bringing this strategic project to the threshold of receiving feedstock.
Iran’s oil minister said colleagues at the South Pars Gas Field have set a historic daily production record despite ongoing sanctions.
A gas shipment of 2,797.109 metric tons arrived aboard the tanker GAS HUSKY at the Baniyas maritime terminal, the Syrian Petroleum Company (SPC) said on Saturday, marking the fourth tanker to reach Syria since the start of the household gas shortage crisis.
The managing director of the South Pars Gas Complex announced that the major overhauls in the South Pars for the Iranian year 1405 (starts on March 21) will commence in the early days of the new year, stating that these operations will be carried out with an innovative approach, leveraging successful past experiences, and operational cohesion to increase equipment readiness and achieve record performance in the field of overhauls.
The first phase of a solar power plant at the Siraf Port export terminal has been commissioned, the engineering and development director of Fajr Jam Gas Refining Company said.
The Director of Labour and Employment Services at the Pars Special Economic Energy Zone Organisation has emphasised the need for early planning and announced the development of a coherent programme to hold even more magnificent celebrations for International Workers’ Day next year, drawing on the successful experience of this year’s event.
The head of the National Petrochemical Company said public relations plays a strategic role in aligning the petrochemical industry’s capacities, adding that PR units can help transform scattered achievements into a source of hope for society and industry stakeholders.
Brent crude futures rose by 33 cents (0.5%) to $71.99 per barrel. US West Texas Intermediate (WTI) crude futures climbed by 62 cents (0.9%) to $67.05 per barrel.
The United States is engaged in “active negotiation” regarding the sale of Venezuelan oil to India, aimed at helping India diversify its sources of crude oil, US Envoy Sergio Gor said on Friday.
India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained US pressure to reduce purchases of Russian barrels.
Iran’s Oil Minister Mohsen Paknejad has commented on the possibility of cooperation between Iran and the United States in the oil and gas sector, amid the ongoing nuclear negotiations between the two countries. He stated: “Everything is possible.” However, it remains unclear whether such oil and gas cooperation between Tehran and Washington will become operational at this stage.
Iranian Offshore Oil Company (IOOC) is moving ahead with plans to localize key marine equipment, including 6- to 9-megawatt-class turbogenerators for the Taurus 70 turbine, the company said.
Brent crude futures rose by 24 cents (equivalent to 0.3%) to $70.59 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures increased by 28 cents (equivalent to 0.4%) to $65.47.
India’s state-owned Bharat Petroleum Corporation (BPCL) has bought Venezuelan oil for the first time ever, while private refiner HPCL Mittal Energy Ltd (HMEL) has purchased crude from the South American country for the first time in two years, three sources with knowledge of the deals said on Wednesday.
Canada to boost direct exports of crude, LNG & LPG to India; India to send more refined products back. Deal relaunches stalled energy dialogue post-diplomatic thaw, helping Canada diversify beyond US reliance & India secure varied supplies amid global shifts.
Iran has invited Emirati investors to participate in major projects across its economy, the country’s economy minister said during a meeting with the United Arab Emirates’ new ambassador to Tehran.
Iran’s oil minister said daily gas production at the South Pars joint field reached a record 730 million cubic meters, the highest level since the field began operations.
Iran’s oil minister said agreements reached with Russia have entered the implementation phase following the conclusion of the 19th Iran-Russia Joint Economic Commission.