The manager of the Refinery 11 at South Pars Gas Complex said stable production, enhanced quality, and upgraded infrastructure have continued through reliance on local expertise and partnerships with new technology-based firms (NTBFs).
BREAKING NEWS Feed Atom
The International Court of Justice (ICJ) has issued a landmark advisory opinion affirming that countries are legally obligated to reduce greenhouse gas emissions—a ruling that may pave the way for compensation claims against major historical polluters.
Brent crude futures fell 85 cents, or 1.2 percent, to $68.82 a barrel, while U.S. West Texas Intermediate crude fell 82 cents, or 1.2 percent, to $66.51 a barrel.
ADNOC Gas has signed a 10-year agreement with Indian energy giant HPCL to supply them with 0.5 million metric tons per annum of liquefied natural gas.
Ahmad Jalilianfard, the director of projects at Iran’s National Petrochemical Company announced that 19 petrochemical projects are expected to become operational by the end of the current Persian calendar year (March 20, 2026) which include 15 production projects and four feedstock supply projects.
The Iraqi Minister of Industry and Minerals, Khalid Battal al-Najm, and officials from Saudi Arabia’s Ajyal Group discussed on last Tuesday a possible deal to construct a petrochemical complex in Iraq.
Iran's SATBA has installed over 5,000 megawatts of solar power at over 850 sites to expand renewable energy and enhance electricity efficiency.
Iran has a trade surplus with Pakistan, exporting goods at 3.5 times the volume of imports, according to Hamidreza Karbalaei Esmaeili, Deputy for the Indian Subcontinent at Iran's Trade Promotion Organization.
Iran’s economy grew by 1.4 percent in the first two months of the current Iranian year (March 20–May 20, 2025) compared to the same period last year, according to a report published by the Research Center of the Iranian Parliament.
The manager of the South Pars Gas Complex highlighted the refinery's strategic importance in the downstream value chain, highlighting that 10% of its gas output is converted into high-value products.
Iran's oil minister emphasized resolving gas export and payment issues during a meeting with Iraq’s electricity minister, expressing optimism that both matters will soon be settled.
Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday.
Iran’s oil minister has rejected claims by foreign media that more than 40 million barrels of Iranian oil are stranded at sea, calling the reports baseless.
National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells onshore and offshore across Iran during the first four months of the current Iranian calendar year, a company official said.
Brent crude futures fell 7 cents, or 0.1 percent, to $71.63 a barrel. U.S. West Texas Intermediate crude fell 10 cents, or 0.14 percent, to $69.16 a barrel.
Indian state refiners have temporarily ceased purchasing Russian crude oil this week, primarily due to concerns over potential secondary tariffs threatened by U.S. President Donald Trump and reduced discounts on Russian oil.
Iran’s Foreign Ministry has vehemently denounced the United States' latest round of sanctions as a blatant assault on the Iranian people and their national dignity.
Iran has posted a trade deficit of just over $1 billion in four months of current Iranian calendar year (started March 21, 2025), registering a 10% drop in value terms over the same period last year, IRICA announced.
Brent crude fell 0.4 percent to $72.21 and West Texas Intermediate (WTI) fell 0.2 percent to $69.83 a barrel, following a 1 percent gain in both indices on Wednesday.
US president Donald Trump said on July 30 that the US has concluded a trade deal with Pakistan, saying that the two countries will work together to developing "massive oil reserves" allegedly in Pakistan.