The 18th meeting of the Iran-Russia Joint Economic Committee will be held in Moscow from April 22 to 24, aimed at expanding bilateral cooperation between the Islamic Republic of Iran and the Russian Federation.
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The CEO of the National Petrochemical Company (NPC) said the petrochemical industry is expanding along the coasts of the Persian Gulf and the Sea of Oman due to favorable infrastructure and access to open waters, with new investors being concentrated in the Makoran region.
The CEO of Abadan Oil Refining Company announced the production of fuel for light aircraft using a new formulation at the refinery. Fardin Rashidi stated that the product is sulfur-free and of significantly higher quality than previous fuels.
World crude oil prices today April 21, 2025
Brent crude futures fell $1.19, or 1.75 percent, to $66.77 a barrel. US West Texas Intermediate crude futures fell $1.11, or 1.72 percent, to $63.57.
China National Offshore Oil Corporation (CNOOC) has signed a third LNG supply deal with Abu Dhabi National Oil Corp (ADNOC), strengthening energy ties between China and the Middle East.
India attracted over USD 36 billion investment from nine NELP bid rounds held before 2014, and has so far yielded 177 oil and gas discoveries, according to a report commissioned by the Petroleum Ministry.
The CEO of the South Pars Gas Complex emphasized that this year’s overhaul process has been more organized than in previous periods and announced that refineries are being prepared for stable production ahead of the upcoming winter.
Former CEO of NITC emphasizes the importance of supporting Iranian investors in oil and gas sector for public welfare, focusing on domestic and foreign investors.
The US has imposed new sanctions on Iran's oil exports, including against a China-based refinery, as part of President Trump's efforts to intensify sanctions on Tehran.
Iran, with its vast gas and oil reserves, geopolitical position, and top 10 mineral status, has the potential to become a key chemical production and export hub.
The Iranian Oil Company has launched 15 energy optimization projects in industrial, construction, and transportation sectors to attract investment and reduce energy consumption.
The National Iranian Drilling Company (NIDC) reported a 6% increase in technical and specialized services performed in the past year, according to its technical deputy.
Faced with sluggish demand and mounting operational losses, the government is weighing a proposal to supply cheaper, domestically produced natural gas to trucks powered by liquefied natural gas. The move comes after state-run Indian Oil Corporation, the largest operator of LNG retail outlets in the country, was forced to shut down five of its six LNG stations due to lack of business.
The development of electric vehicle (EV) infrastructure has begun under the Iranian Oil Ministry, following a recent approval by the Economic Council.
Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest private port operator, has announced a $2.4-billion non-cash deal to acquire the North Queensland Export Terminal (NQXT) in Australia, as Adani seeks to jumpstart its global expansion plans.
Iran’s Energy Ministry announced on Thursday that 15 newly constructed solar power plants with a combined capacity of 100 megawatts are ready for operation across the country, despite a delay in the official inauguration ceremony originally planned for this week.
The CEO of Iran’s National Petrochemical Company discussed opportunities to expand cooperation with Chinese firms during Iran Day at the CHINAPLAS 2025 exhibition.
Brent crude oil world price today April 17, 2025
Brent crude futures rose 68 cents, or 1%, to $66.53 a barrel by 1257 GMT, and U.S. West Texas Intermediate crude was at $63.19 a barrel, up 72 cents, or 1.2%.
Saudi Aramco sees India's refining sector as a strategic growth opportunity, with new refineries planned by BPCL and ONGC.
Iran’s thermal power plants set a new electricity production record in the Iranian calendar year 1403 (ended March 19, 2025), exceeding 350 million megawatt hours (MWh), according to the Thermal Power Plants Holding Company (TPPH).