The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify target markets and identify opportunities and challenges for the development of Iran’s petrochemical industry over the next 20 years.
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Iran’s Oil Minister Mohsen Paknejad stated that burning associated petroleum gas (APG) signifies the waste of the country’s natural resources.
World crude oil price today March 17, 2025
Brent futures rose 72 cents, or 1 percent, to $71.30 a barrel, while U.S. West Texas Intermediate crude rose 59 cents, or 0.9 percent, to $67.77.
One worker was killed and three other were injured in an explosion at an oil refinery in Russia's city of Ryazan, TASS and RIA news agencies reported.
India’s state-owned oil companies are looking to partner with international energy firms once new legislation aimed at attracting investment and advanced technology in oil and gas exploration is approved.
United States has maintained its sanctions waiver allowing Iraq to continue purchasing natural gas from Iran, an advisor to the Iraqi prime minister said.
First Vice President Mohammadreza Aref stated that Iran is striving to become a regional energy hub, emphasizing that achieving this goal is a top priority for the government.
The head of the Energy Committee, along with its members, visited the Ministry of Oil to express the Iranian parliament’s strong support for the oil minister following the imposition of US sanctions.
Exports of liquefied natural gas from Alaska could begin by 2030, Alaska Governor Mike Dunleavy said on Friday.
India's current renewable energy capacity additions are insufficient to meet its ambitious targets, impacting global energy markets and emissions.
PEDEC CEO reports operational teams are launching the first phase of a crude oil processing unit at South Azadegan joint field, with production set to commence soon.
A 3D seismic survey is underway in the East Paydar oil field, meticulously planned and supervised by the Petroleum Engineering and Development Company (PEDEC).
Iran's National Iranian Oil Company (NIOC) has dismissed claims in some media outlets about the production of low-quality crude, stating that Iran's oil exports meet global standards and urging "biased media" to prioritize national interests.
The spokesperson for the Ministry of Foreign Affairs strongly condemned the US action to sanction several individuals, including the oil minister of the Islamic Republic of Iran, as well as multiple oil tankers and commercial companies.
The acting head of joint operations at the South Pars Gas Complex (SPGC) announced that the Besat Power Plant, part of the South Pars Gas Complex, has delivered more than 46,000 megawatts of electricity to the national grid through significant efforts and the dedication of its staff.
World crude oil price today March 14, 2025
Brent crude rose 70 cents, or 1 percent, to $70.58 a barrel. U.S. West Texas Intermediate crude rose 73 cents, or 1.1 percent, to $67.28 a barrel.
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow, multiple trade sources said.
India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions, data from trade sources shows.
Arvand Petrochemical, the largest producer of PVC and chlorine chains in West Asia, has achieved a historic production record for EPVC this Iranian year, eliminating the need for the country to import five specialized grades.
The US Treasury Department has imposed sanctions on Iran’s oil minister as part of its ongoing maximum pressure campaign against the Islamic Republic.