India is considering removing US import taxes on liquefied natural gas to boost energy imports, a key priority in their strategic partnership.
BREAKING NEWS Feed Atom
NPC's investment management department aims to boost output and complete the value chain by attracting new investments in the "Year of Investment for Production."
The CEO of South Pars Gas Complex (SPGC) highlighted the facility’s vital role in Iran’s economic growth, stating that in the past Iranian year (1403, ended March 20), the complex produced over 243 million barrels of gas condensates, more than 606,000 metric tons of granulated sulfur, over 2.5 million metric tons of butane, about 3.7 million metric tons of propane, and more than 1.8 million metric tons of ethane.
Indian port authorities denied entry to an ageing tanker loaded with Russian crude on Thursday due to inadequate documentation, sources familiar with the matter said, an unusual move that indicates tightened scrutiny of vessels carrying Russian oil.
Iranian Energy Minister Abbas Aliabadi said that the country’s power plant industry is being prepared for the attraction of private sector investment.
The extruder unit of Ilam's Arghavan Gostar Petrochemical Project has reached its final testing phase.
The CEO of Arvandan Oil and Gas Company announced the full installation of a drilling rig in the joint Arvand oil field to carry out well repair operations and drill a new well.
World crude oil price today March 27, 2025
Brent crude futures fell 23 cents, or 0.3 percent, to $73.56 a barrel. U.S. West Texas Intermediate crude fell 21 cents, or 0.3 percent, to $69.44.
Reliance Industries, India's largest refining complex operator, will halt Venezuelan oil imports following the US's 25% tariff on crude oil purchases from the South American nation.
Saudi Aramco is in discussions to invest in two planned refineries in India, seeking a stable crude outlet in the fastest-growing emerging market.
Mohsen Paknejad, Iran’s oil minister, said Wednesday that crude oil production has increased by 50,000 barrels per day.
Iran’s oil minister emphasized the need for vigilance against provocations by the two countries' enemies during a phone call with his Iraqi counterpart.
World crude oil price today March 26, 2025
Brent crude futures rose 49 cents, or 0.67 percent, to $73.51 a barrel, while U.S. West Texas Intermediate crude rose 48 cents, or 0.70 percent, to $69.48 a barrel.
Indian state-owned ONGC plans to diversify into refining, petrochemicals, LNG trading, and renewable energy amid a potential crude supply glut.
Russian Energy Minister Sergey Yevgenyevich Tsivilyov met with Iranian Ambassador Kazem Jalali, resulting in an agreement for the 18th Joint Economic Committee meeting between the two countries.
The manager of the North Region Oil Pipelines and Telecommunications Company announced the continued readiness and efforts of staff to supply oil products to Mazandaran province and maintain preventive storage in recent weeks through the end of the holiday season.
World crude oil price today March 25, 2025
Brent crude futures rose 46 cents, or 0.6 percent, to $73.46 a barrel. U.S. West Texas Intermediate crude rose 46 cents, or 0.7 percent, to $69.57.
India’s largest explorer Oil and Natural Gas Corp. is seeking to diversify its portfolio to shield its core business from volatile oil prices, said Arunangshu Sarkar, director for strategy at the state-run giant.
The foreign minister, referring to the US’s unlawful sanctions on Iran’s oil industry, said allegations and accusations by American officials aimed at pressuring Iran have no merit.
In 1404, PEDEC's CEO prioritized accelerating shared oil field development, increasing production, achieving technological self-sufficiency, and sustainable development as key priorities for the company.