Amid persistent cold weather and despite the consumption of 622 million cubic meters (mcm) of natural gas by the residential, commercial, and small industrial sectors, approximately 137 mcm of gas were delivered to power plants yesterday.
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The deputy for international affairs and commerce at Iran’s Ministry of Oil emphasized the need for Caspian Sea littoral states to enhance their cooperation in oil and gas.
The caretaker of Iran Gas Engineering and Development Company announced the injection of gas into the 90-120 kilometer section of the 42-inch Minab-Sirik gas pipeline.
World crude oil price today, February 18, 2025
Brent crude futures gained 23 cents, or 0.3%, to $75.45 per barrel at 0758 GMT.U.S. West Texas Intermediate crude futures were up 75 cents from Friday's close at $71.49 a barrel.
US President Donald Trump’s recent proposal to sell more oil and gas to India could significantly reduce New Delhi’s purchases of discounted Russian oil, thought to be funding Moscow’s war with Ukraine.
Iran's masterbatch and polymer compound exports increased by 100% in the past year, according to an official from the Industry, Mining, and Trade Ministry.
The Director-General of Public Relations at the Ministry of Oil stated that the sustainable supply of gas during this year's cold season is the result of the intensified efforts of South Pars employees. He emphasized the need to continue these efforts.
The CEO of Pars Oil and Gas Company (POGC) announced that daily gas extraction from the South Pars joint field has increased by 10 million cubic meters compared to last year.
World crude oil price today February 17, 2025
Brent crude futures edged lower 8 cents, or 0.11%, to $74.66 a barrel at 1202 GMT, and U.S. West Texas Intermediate crude fell 5 cents, or 0.07% at $70.69 a barrel.
Indian state power company NTPC is looking to build 30 gigawatts (GW) of nuclear power capacity over the next two decades, three times more than expected, at a cost of $62 billion, three sources said.
Iran's First Vice President has highlighted the strategic importance of the South Pars pressure boosting project, emphasizing its role in increasing production and creating jobs.
Iran’s minister of economy announced negotiations with the head of the OPEC Fund, along with an agreement to secure financing for Iranian contractors in international projects through the fund.
The Vice President praised the Ministry of Oil's cooperation in implementing technology-based production laws and their representative's participation in the Strategic Council for Technologies and Technology-Based Products.
Iran's Free Zones High Council aims for $2.0 billion in exports in the next year, removing legal barriers and introducing new incentives to boost trade.
Mehr Tab Parsian Petrochemical Company's CEO praised a comprehensive project for methanol-derived products, aiming to complete the methanol production chain within subsidiary companies.
The CEO of NIGC identifies gas imbalance and upstream document issues as the primary causes of Iran's energy crisis, urging for significant consumption and industry reforms.
has signed an agreement with private investors to develop solar power plants by the summer of 2025, aiming to address the country’s electricity supply imbalance.
Since the summer of 2020, the National Iranian Oil Company (NIOC) has injected more than 2 billion kilowatt-hours of electricity generated by the West Karoun Power Plant into the national grid to help meet the country's electricity demand.
The spokesperson for the National Iranian Gas Company (NIGC) announced that 870 million cubic meters (mcm) of natural gas were produced on Friday.
World crude oil prices today, February 14, 2024
Brent futures were up 23 cents, or 0.3%, at $75.25 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 16 cents, or 0.2%, to $71.45.