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Iran’s first geothermal power plant connected to national electricity grid

3 months ago

25 July 2026

4:07 AM

The Minister of Energy said: The Meshgin-Shahr geothermal power plant in Ardebil, with a capacity of five megawatts and an investment of 10 million euros, has been connected to the national electricity grid and has entered the cycle of electrical energy generation.

Global Crude Oil Prices Today (July 24, 2026) / Brent Crude Falls to $96.70

3 months ago

24 July 2026

11:40 AM

Brent crude futures fell nearly $4, or 3.96%, to $96.70 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $3.15, or 3.42%, to $89.04 a barrel.

Asia LNG hits four-month high on fears of wider Mideast shipping disruption

3 months ago

24 July 2026

11:28 AM

Asia spot liquefied natural gas prices rose for a fifth consecutive week to their highest in four months on fears of wider shipping disruptions, as Houthi attacks on ‌Saudi oil tankers extended the Middle East war to a second major chokepoint.

NPC calls for structural overhaul, names new HR chief

3 months ago

24 July 2026

11:22 AM

The caretaker of the National Petrochemical Company (NPC) said Wednesday the company must overhaul its structural model and improve internal processes as part of a broader push to strengthen its governance role.

Iran’s gas exports power part of Iraq’s electricity grid, minister says

3 months ago

24 July 2026

11:18 AM

A significant portion of Iraq's electricity supply depends on natural gas exported from Iran, Iran's oil minister said, highlighting deepening energy ties between the two neighbors.

Global Crude Oil Prices Today (July 23, 2026) / Brent Crude Rises to $98.59

3 months ago

23 July 2026

10:49 AM

Brent crude oil futures rose $4.52 (4.80%) to $98.59 per barrel. U.S. West Texas Intermediate (WTI) crude futures gained $3.39 (3.90%) to $90.22 per barrel.

Buyers to press Qatar, UAE for cheaper, more flexible LNG deals after Hormuz shock

3 months ago

23 July 2026

10:23 AM

Asian and European buyers of liquefied natural gas (LNG) plan to ask for lower prices and additional supply guarantees from Qatar and the United Arab Emirates as the U.S.-Iran war raises insurance costs on those deliveries, buyers, traders and industry ‌executives told Reuters.

Iran warns to stop oil exports from region

3 months ago

23 July 2026

4:13 AM

Iran's main military command, Khatam al-Anbiya Central Headquarters, on Wednesday warned that if the United States attacks Iranian infrastructure, Iran will block all oil exports from West Asia and target oil, gas, electricity, and economic infrastructure across the region, according to media reports.

SPGC head urges full readiness for stable winter production

3 months ago

23 July 2026

4:05 AM

The CEO of South Pars Gas Complex called for the full use of technical, operational and management capabilities to ensure stable gas production ahead of the upcoming winter, describing the season as a critical and challenging period for Iran's gas industry.

Global Crude Oil Prices Today (July 22, 2026) / Brent Crude Oil Price Rises to $93.24

3 months ago

22 July 2026

2:24 PM

Brent crude oil futures rose $2.23 (equivalent to 2.45%) to reach $93.24 per barrel. U.S. West Texas Intermediate (WTI) crude oil futures increased by $2.18 (2.18%) to $86.18.

Iran cuts price of August light crude to Asia

3 months ago

22 July 2026

2:11 PM

Iran has set the official ‌selling price for its light crude oil grade for ⁠Asian buyers at $4.35 a barrel below the Oman/Dubai average for August, the state-owned National Iranian ‌Oil ⁠Company said on Wednesday.

Trump’s reckless gamble: How American aggression against Iran is crippling global economy

3 months ago

22 July 2026

2:06 PM

Just weeks after a fragile ceasefire offered a glimmer of hope for stability in the Persian Gulf, the Trump administration has once again plunged the region—and the world—into a dangerous abyss.

US-Omani Route in Hormuz Strait Not Safe; Kuwaiti Oil Tanker Targeted

3 months ago

22 July 2026

4:21 AM

Kuwaiti oil tanker that was passing through the US-Omani corridor in the Strait of Hormuz was stopped by Iranian armed forces.

President vows reliable energy for industry

3 months ago

22 July 2026

4:15 AM

President Masoud Pezeshkian said Tuesday that the government remains committed to ensuring a stable energy supply for the country's industrial sector while removing barriers to production and supporting economic activity.

Global Crude Oil Prices Today (July 21, 2026) / Brent Crude Rises to $91.11

3 months ago

21 July 2026

2:15 PM

Brent crude futures rose by $1.89 (2.12%) to $91.11 per barrel. U.S. West Texas Intermediate (WTI) crude futures also increased by $2.07 (2.49%) to $85.30 per barrel.

Saudi crude exports fall for third straight month to a record low, data shows

3 months ago

21 July 2026

1:56 PM

Crude oil exports from Saudi Arabia fell for a third straight month in May to a record low, data from the Joint Organizations Data Initiative (JODI) showed on Tuesday, with the ‌U.S.-Iran conflict disrupting shipments across the Gulf.

Economy Ministry plans to eliminate laws hindering production, reform tax system

3 months ago

21 July 2026

1:45 PM

The Minister of Economy announced the drafting of a reform package to eliminate laws that hinder business, as well as revising the tax system to reduce traditional audits and corruption.

Iran to restore 100 mcm of gas output within months

3 months ago

21 July 2026

4:14 AM

Iran expects to restore 100 million cubic meters of gas production capacity within the next few months, according to Mohammad-Jafar Ghaempanah, the president's executive deputy.

Pezeshkian: Fixing imbalances requires public participation, not just gov’t

3 months ago

21 July 2026

4:07 AM

Iran’s problems cannot be solved by the government alone, President Masoud Pezeshkian said on Monday, calling for broad public participation to tackle the country’s deep-rooted structural imbalances.

Global Crude Oil Prices Today (July 20, 2026) / Brent Crude Rises to $88.28

3 months ago

20 July 2026

1:40 PM

Brent crude futures rose 18 cents (0.2%) to $88.28 per barrel. U.S. West Texas Intermediate (WTI) crude futures fell 34 cents (0.4%) to $82.15 per barrel.

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Latest News of Oil, Gas and Petrochemical industry

BREAKING NEWS Feed Atom

Iran’s first geothermal power plant connected to national electricity grid

Global Crude Oil Prices Today (July 24, 2026) / Brent Crude Falls to $96.70

Asia LNG hits four-month high on fears of wider Mideast shipping disruption

NPC calls for structural overhaul, names new HR chief

Iran’s gas exports power part of Iraq’s electricity grid, minister says

Global Crude Oil Prices Today (July 23, 2026) / Brent Crude Rises to $98.59

Buyers to press Qatar, UAE for cheaper, more flexible LNG deals after Hormuz shock

Iran warns to stop oil exports from region

SPGC head urges full readiness for stable winter production

Global Crude Oil Prices Today (July 22, 2026) / Brent Crude Oil Price Rises to $93.24

Iran cuts price of August light crude to Asia

Trump’s reckless gamble: How American aggression against Iran is crippling global economy

US-Omani Route in Hormuz Strait Not Safe; Kuwaiti Oil Tanker Targeted

President vows reliable energy for industry

Global Crude Oil Prices Today (July 21, 2026) / Brent Crude Rises to $91.11

Saudi crude exports fall for third straight month to a record low, data shows

Economy Ministry plans to eliminate laws hindering production, reform tax system

Iran to restore 100 mcm of gas output within months

Pezeshkian: Fixing imbalances requires public participation, not just gov’t

Global Crude Oil Prices Today (July 20, 2026) / Brent Crude Rises to $88.28