BREAKING NEWS Feed Atom

President orders launch of Tous Gas Field Development Project

3 months ago

9 February 2026

7:23 AM

The Tous gas field development project, aimed at strengthening the stability of the gas supply network in Iran’s northeast and supplying feedstock to the Shahid Hashemi-Nejad Gas Refinery in Sarakhs, was officially inaugurated by presidential order via videoconference.

German energy giant signs deals with UAE’s ADNOC, Masdar

3 months ago

8 February 2026

6:14 AM

German energy giant RWE on Friday agreed to explore sourcing liquefied natural gas from the United Arab Emirates’ ADNOC, as Europe looks to diversify its energy supply away from the United States.

In US trade deal push, Indian refiners cut back on Russian oil

3 months ago

8 February 2026

6:11 AM

Indian refiners are avoiding Russian oil purchases ⁠for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that could help New Delhi seal a trade pact with Washington.

Iran oil industry posts fresh records in output, exports, capacity building

3 months ago

8 February 2026

6:08 AM

Iran’s oil industry has set new records in production, exports and capacity development over the past 18 months, despite continued sanctions and external constraints.

Aghajari flare gas recovery project surpasses 60% completion

3 months ago

8 February 2026

6:05 AM

The flare gas recovery project in the Aghajari oilfield has progressed more than 60%, with plans to virtually eliminate routine flaring in the area by the end of the Iranian year 1407 (March 2029), according to the head of the Aghajari Oil and Gas Production Company.

EU Eyes Gas From Qatar, Canada to Reduce Reliance on US LNG

3 months ago

7 February 2026

7:54 AM

The European Union’s energy chief said the bloc is growing increasingly concerned about its dependence on US liquefied natural gas, particularly in the wake of President Donald Trump’s threats to take over Greenland.

US removes 25% tariffs imposed on India for Russian oil purchases

3 months ago

7 February 2026

7:50 AM

US President Donald Trump has removed the 25 per cent tariffs it imposed on India for purchasing Russian oil, citing that the country has undertaken "significant steps" and New Delhi has committed to stop directly or indirectly importing oil from Moscow.

Pricing arbitration opens path to specialized dispute resolution in petrochemicals

3 months ago

7 February 2026

7:46 AM

The CEO of Persian Gulf Petrochemical Complementary Industries Investment and Development Group (Petrol) said the transfer of arbitration over utility service pricing to the National Petrochemical Company marks a starting point for broader use of specialized arbitration mechanisms in the petrochemical industry.

Global Crude Oil Prices Today, February 6, 2026 / Brent Oil Price Drops to $67.50

3 months ago

6 February 2026

2:24 PM

Brent crude futures fell 5 cents (0.1%) to $67.50 per barrel. U.S. West Texas Intermediate (WTI) crude futures also declined 11 cents (0.2%) to $63.18 per barrel.

India exported fuel to the EU for the first time since the ban on products from Russian oil

3 months ago

6 February 2026

2:15 PM

Reliance Industries has partially unloaded a cargo of jet fuel in Italy. This is India's first export to the region since the EU ban on petroleum products derived from Russian oil came into effect on January 21, according to shipowners' data and trading sources, Reuters reports.

South Pars gas output sets 9 production records over past 2 years

3 months ago

6 February 2026

2:11 PM

Iran’s South Pars gas field has set nine production records over the past two years, with daily output reaching a new high of 727 million cubic meters, underscoring the field’s central role in meeting the country’s energy demand.

Oil product transfers from Persian Gulf region rise 13%

3 months ago

6 February 2026

2:09 PM

Iran’s Persian Gulf oil pipelines region recorded a 13 percent rise in oil product transfers in the first 10 months of the current Iranian calendar year (late March, 2025-late January, 2026) compared with the same period last year, the regional director said.

Global Crude Oil Prices Today (February 5, 2026) / Brent Oil Price Drops to $68.6

3 months ago

5 February 2026

11:06 AM

Brent crude futures fell by 86 cents (equivalent to a 1.2% decrease) to $68.6 per barrel. U.S. West Texas Intermediate (WTI) crude futures dropped by 82 cents (about a 1.3% decrease) to $64.32.

Lower Crude Prices Boost Refining Margins for India’s Largest Refiner

3 months ago

5 February 2026

10:51 AM

Indian Oil Corporation (IOC), India’s leading state-owned refiner, reported a dramatic more than four-fold increase in third-quarter net profit on Thursday, driven by significantly improved refining margins amid a sharp drop in global crude oil prices.

Iran adds 1,000 kilometers to oil, product pipeline network

3 months ago

5 February 2026

10:37 AM

head of Iran’s Oil Pipelines and Telecommunications Company said the country has added about 1,000 kilometers of new pipelines, bringing the total length of its crude oil and petroleum product pipeline network to 15,000 kilometers.

Global Crude Oil Prices Today (February 4, 2026) / Brent Oil Price Rises to $67.79

3 months ago

4 February 2026

12:42 PM

Brent crude futures rose 46 cents (0.7%) to $67.79 per barrel. U.S. West Texas Intermediate (WTI) crude futures rose 52 cents (0.8%) to $63.73.

India will diversify energy supplies after deal with US on Russia oil imports

3 months ago

4 February 2026

12:26 PM

India will diversify its energy sources as a strategy ⁠amid changing global circumstances and ensure energy security for its citizens, Trade Minister Piyush Goyal said on Wednesday, days after the ‌U.S. ‌said New Delhi will halt Russian oil purchases.

Iran ranks among top 10 countries by thermal power capacity

3 months ago

4 February 2026

8:26 AM

Iran ranks among the world’s 10 countries with the largest thermal power generation capacity, a senior official at the Thermal Power Plants Holding Company (TPPH) said.

South Pars: From record gas output to higher efficiency

3 months ago

4 February 2026

7:47 AM

Pars Oil and Gas Company, the developer of the world’s largest gas field, has experienced a distinct period of operational and development activity under Iran’s 14th administration, marked by stabilized output at the shared South Pars field, record gas production, higher asset efficiency and groundwork for new offshore gas developments in the Persian Gulf.

Historic record set in power plant fuel reserves

3 months ago

4 February 2026

7:44 AM

Power plant gasoil reserves reached more than 3.4 billion liters for the first time in the country’s history in Aban this year, equivalent to more than 90% of total storage capacity. The level marks an increase of 86% and 6%, respectively, compared with the highest reserves recorded in the Iranian years 1403 (2024) and1402 (2023).

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Latest News of Oil, Gas and Petrochemical industry

BREAKING NEWS Feed Atom

President orders launch of Tous Gas Field Development Project

German energy giant signs deals with UAE’s ADNOC, Masdar

In US trade deal push, Indian refiners cut back on Russian oil

Iran oil industry posts fresh records in output, exports, capacity building

Aghajari flare gas recovery project surpasses 60% completion

EU Eyes Gas From Qatar, Canada to Reduce Reliance on US LNG

US removes 25% tariffs imposed on India for Russian oil purchases

Pricing arbitration opens path to specialized dispute resolution in petrochemicals

Global Crude Oil Prices Today, February 6, 2026 / Brent Oil Price Drops to $67.50

India exported fuel to the EU for the first time since the ban on products from Russian oil

South Pars gas output sets 9 production records over past 2 years

Oil product transfers from Persian Gulf region rise 13%

Global Crude Oil Prices Today (February 5, 2026) / Brent Oil Price Drops to $68.6

Lower Crude Prices Boost Refining Margins for India’s Largest Refiner

Iran adds 1,000 kilometers to oil, product pipeline network

Global Crude Oil Prices Today (February 4, 2026) / Brent Oil Price Rises to $67.79

India will diversify energy supplies after deal with US on Russia oil imports

Iran ranks among top 10 countries by thermal power capacity

South Pars: From record gas output to higher efficiency

Historic record set in power plant fuel reserves