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SATBA advances construction of 1,000 solar power plants to boost grid stability

5 months ago

20 July 2025

4:23 AM

Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) has reported significant progress in the construction of 1,000 local solar power plants, each with a capacity of 3.0 megawatts, as part of a nationwide effort to expand clean energy infrastructure and enhance grid efficiency.

Old vehicles a major cause of gasoline imbalance, lawmaker says

5 months ago

19 July 2025

11:47 AM

The head of the Iranian Parliament’s Environmental Caucus cited old vehicles as a key factor in the country’s fuel imbalance and said the caucus is reviewing the process of scrapping outdated cars and motorcycles under the Seventh Development Plan (2024-28).

Overhaul begins at South Pars Gas Refinery 10

5 months ago

19 July 2025

11:41 AM

manager of Refinery 10 at the South Pars Gas Complex announced that major maintenance operations have begun on July 16 and will continue until July 30.

EU’s new sanctions on Russia to affect oil refinery in India’s Gujarat

5 months ago

19 July 2025

4:24 AM

The European Union has imposed sanctions on India's Nayara Energy's Vadinar refinery in Gujarat, as part of its 18th sanctions package targeting Russia's energy sector. The move aims to curb Russia's war budget but has sparked India's criticism of the EU's energy trade standards.

Iran boosts oil output by 38,000 bpd at South Azadegan field

5 months ago

19 July 2025

4:16 AM

Iran has increased crude oil production by 38,000 barrels per day (bpd) at its South Azadegan oilfield over the past 10 months, following the successful drilling and completion of 17 wells, the head of Petropars, the company developing the field, said.

Petrochemical sector stays on track despite conflict, eyes annual targets

5 months ago

19 July 2025

4:11 AM

Iran’s petrochemical industry remains committed to achieving its development goals for the current year, despite disruptions caused by a 12-day conflict triggered by Israeli airstrikes, a senior official said.

The global price of crude oil today, July 18, 2025 / The price of Brent crude oil rose to $70.25

5 months ago

18 July 2025

12:55 PM

Brent crude rose 73 cents, or 1.05 percent, to $70.25 a barrel. U.S. West Texas Intermediate crude rose 83 cents, or 1.23 percent, to $68.37.

Oman LNG signs sales and purchase agreement with Vitol

5 months ago

18 July 2025

5:58 AM

State-run Oman LNG has signed a sales and purchase agreement (SPA) with Swiss-based Dutch multinational energy and commodity trader Vitol, the company revealed on May 19.

Iranian missile strike causes up to $200M damage to Haifa refinery

5 months ago

18 July 2025

5:49 AM

An Iranian missile attack on Israel's Haifa Bay refinery has caused estimated damages ranging between $150 million and $200 million, according to statements from Bazan Group, the facility’s operator.

CBI: Iran’s economy grew by 3.1% in year to late March

5 months ago

18 July 2025

5:37 AM

initial economic growth figures released on Wednesday showed that Iran’s gross domestic product (GDP) had increased to 78,443.8 trillion rials (over $301 billion) in the year to March 20.

The global price of crude oil today, July 17, 2025 / The price of Brent crude oil rose to $68.67

5 months ago

17 July 2025

10:54 AM

Brent crude futures rose 17 cents, or about 0.3 percent, to $68.67 a barrel. U.S. West Texas Intermediate crude futures rose 31 cents, or 0.5 percent, to $66.69.

Iran’s heavy crude price rises 9.2% in June: OPEC

5 months ago

17 July 2025

4:38 AM

The price of Iran’s heavy crude oil climbed by $5.88, or 9.2 percent, in June compared to May, reaching $69.13 per barrel, according to OPEC’s latest monthly report.

India Rethinks Its Oil Strategy as Russian Discounts Dwindle

5 months ago

17 July 2025

4:32 AM

India's Russian crude imports increased to 1.75 million barrels per day in H1 2025, retaining Russia's 35% share of the Indian oil market. However, the shrinking discount on Urals crude indicates a fading advantage, with shipping costs dropping.

Petchem industry committed to meeting approved plans

5 months ago

17 July 2025

4:10 AM

The planning and development director of the National Petrochemical Company (NPC) said the petrochemical sector remains firmly committed to its pre-approved goals and is seriously pursuing the implementation of its programs.

Oil production, exports continuing under favorable conditions

5 months ago

17 July 2025

4:05 AM

Iran’s oil minister said Wednesday the country’s crude production and exports are ongoing and stable, though he declined to provide specific figures.

The global price of crude oil today, July 16, 2025 / The price of Brent crude oil fell to $68.54

5 months ago

16 July 2025

11:01 AM

Brent crude futures fell 17 cents, or 0.3 percent, to $68.54 a barrel. U.S. West Texas Intermediate crude futures fell 11 cents, or 0.2 percent, to $66.41.

NATO warns India, China, Brazil: Sanctions loom over Russia trade

5 months ago

16 July 2025

5:26 AM

NATO warns major economies like India, China, and Brazil of severe secondary sanctions if they maintain trade relations with Russia, especially in oil and gas, amid US pressure.

Exports to Africa jump 85% in spring, trade surplus more than doubles

5 months ago

16 July 2025

4:12 AM

Iran's exports to African countries increased by 85% in Q1 2021, while its trade surplus with the continent surged by 113 percent, according to a senior official at the Trade Promotion Organization.

Iran’s Economic Council Prioritizes Preparedness and Social Cohesion, Approves Major Oil and Solar Investments

5 months ago

16 July 2025

4:07 AM

Iran's Supreme Economic Coordination Council emphasized preparedness and dignified living conditions amid war efforts. They approved major investments, including a National Development Fund plan to boost crude oil production and construct solar power plants.

Drilling fleet productivity nears 80%

5 months ago

16 July 2025

4:02 AM

The deputy CEO of the National Iranian Drilling Company reported a 78% drilling fleet productivity and a 9.1% reduction in standby time in Q1 due to domestic capabilities and centralized management.

RoydadNaft

Latest News of Oil, Gas and Petrochemical industry

BREAKING NEWS Feed Atom

SATBA advances construction of 1,000 solar power plants to boost grid stability

Old vehicles a major cause of gasoline imbalance, lawmaker says

Overhaul begins at South Pars Gas Refinery 10

EU’s new sanctions on Russia to affect oil refinery in India’s Gujarat

Iran boosts oil output by 38,000 bpd at South Azadegan field

Petrochemical sector stays on track despite conflict, eyes annual targets

The global price of crude oil today, July 18, 2025 / The price of Brent crude oil rose to $70.25

Oman LNG signs sales and purchase agreement with Vitol

Iranian missile strike causes up to $200M damage to Haifa refinery

CBI: Iran’s economy grew by 3.1% in year to late March

The global price of crude oil today, July 17, 2025 / The price of Brent crude oil rose to $68.67

Iran’s heavy crude price rises 9.2% in June: OPEC

India Rethinks Its Oil Strategy as Russian Discounts Dwindle

Petchem industry committed to meeting approved plans

Oil production, exports continuing under favorable conditions

The global price of crude oil today, July 16, 2025 / The price of Brent crude oil fell to $68.54

NATO warns India, China, Brazil: Sanctions loom over Russia trade

Exports to Africa jump 85% in spring, trade surplus more than doubles

Iran’s Economic Council Prioritizes Preparedness and Social Cohesion, Approves Major Oil and Solar Investments

Drilling fleet productivity nears 80%