Sanctions have slashed Russian oil exports to India by about a quarter in February while the US oil exports have nearly doubled amid the country's plan to increase the purchase of American energy by two-thirds to $25 billion.
BREAKING NEWS Feed Atom
The manager of the first refinery at the South Pars Gas Complex announced the production of more than 2,500 tons of gas odorant from 2018 to the present.
The research and technology director of the National Iranian Oil Company (NIOC) announced that three digital super-systems are being implemented across eight oil fields in the country.
The managing director of the National Iranian Oil Products Distribution Company (NIOPDC) stated that the new version of the smart fuel system has been announced with the aim of increasing efficiency and is currently being implemented.
The Deputy for Policy and Development at the Vice Presidency for Science, Technology, and Knowledge-Based Economy emphasized the significance of continuous effort and global competition in technological and innovative advancement.
Oil India Limited has signed a Memorandum of Understanding with Mineral Exploration and Consultancy Limited to collaborate on the exploration and development of critical mineral blocks in India and overseas.
The CEO of the Pars Special Economic Energy Zone (PSEEZ) highlighted the government's emphasis on reducing gas flaring, stating that the South Pars Gas Complex is undertaking a €200 million project.
The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.
The project manager for the Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields announced the launch of a crude oil collection unit at the evaporation pond facilities of the Cheshmeh Khosh oil field.
From March 2024 to February 2025, over 182 billion cubic meters of gas were sent from the South Pars Gas Complex to the national grid for domestic consumption.
The manager of the South Pars Fifth Refinery announced the localization of 384 strategic equipment by the refinery’s employees and experts, utilizing the creative and innovative capacities of domestic specialists.
The United States jumped to the fifth-largest supplier to India, with imports tripling from December to January, and India plans to further increase US oil and gas imports.
The deputy chairman of the Special Committee for Supporting Production and Monitoring General Policies announced that with approval of a financing law, investment projects in the strategic South Pars region will be supported.
Arvand Oil CEO signs $50 million contract with Vice Presidency for Science and Technology to address extraction challenges and indigenize hydraulic fracturing technologies, marking start of operational efforts.
India's Oil and Natural Gas Corp is seeking joint venture partners to build very large ethane carriers (VLECs) to ship feedstock for its petrochemical plant in western India, according to a document posted on the company's website.
The average efficiency of Iran’s power plants has exceeded 39.6 percent, with efforts underway to sustain the upward trend, a senior official at the country’s Thermal Power Plants Holding Company (TPPH) said.
The CEO of NPC announced that 14 flares will be extinguished by March 20 under a plan by Persian Gulf Bidboland Gas Refining Company to collect flare gases in East Karoun.
head of the Energy Committee of the Iran’s Parliament stated that efforts are underway to resolve the challenges and obstacles facing the Abadan Petrochemical Company, emphasizing that its production is a critical national need.
World crude oil price today February 19, 2025
Brent crude futures rose 60 cents, or 0.8 percent, to $76.44 a barrel. U.S. West Texas Intermediate crude futures rose 63 cents, or 0.9 percent, to $72.48.
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.