NIDC's head prioritizes increasing productivity from 67% to 90%, focusing on modernizing and renovating drilling equipment to boost efficiency.
BREAKING NEWS Feed Atom
The 10th meeting of the Iran-Venezuela Joint Economic Committee began in Caracas, attended by representatives from various public and private companies and institutions.
The head of Iran’s National Petrochemical Company has said that completing the value chain and developing complementary industries is going to ensure a balanced and sustained development of the country’s petrochemical industry.
The CEO of NIORDC has highlighted the significant role of Shiraz Refinery's isomerization unit in enhancing health and environmental indicators in Shiraz City.
Global Crude Oil Price Today November 18, 2024
Brent crude futures were up $1.52, or 2.14%, to $72.56 a barrel at 1503 GMT, while U.S. West Texas Intermediate crude futures were at $68.41 a barrel, up $1.39 cents, or 2.07%.
The head of Iranian Oil Terminals Company (IOTC) said his company is implementing new projects to improve oil export infrastructure at Kharg Island, IRNA reported.
Oil production from the Sepehr and Jofeir oil fields has reached 51,000 barrels per day with the commissioning of well number 7 at the Jofeir field.
Iran's ICCIMA head, Samad Hassanzadeh, emphasizes the need for significant foreign investment growth to achieve the eight-percent economic growth outlined in the country's Seventh National Development Plan (2022-2027).
Natural gas production from the offshore South Pars gas field reached the unprecedented figure of 711 million cubic meters on Wednesday, November 14.
President-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
India is poised to lead the global hydrogen energy production and exports says Union minister for petroleum and natural gas Hardeep Singh Puri.
Pars Oil and Gas Co. (POGC) has raised gas production from Phase 11 of the South Pars gas field in the Persian Gulf, according to news service Shana report.
The South Pars Gas Complex's performance includes high-quality maintenance, stable gas production, collaboration with knowledge-based companies, and a flare reduction project in thirteen refineries.
GAIL and Adnoc Gas have signed a 10-year Sales and Purchase Agreement for a long-term contract to purchase up to 0.52 million metric tonnes per annum of liquified natural gas.
India's Union Petroleum Minister, Hardeep Singh Puri, expressed optimism that increased oil production from US, Canada, and Brazil will stabilize global oil markets and reduce price volatility.
Iran's Energy Minister Abbas Aliabadi and Qatar's Ambassador to Iran, Saad Abdullah Saad Al Mahmoud Al Shareef, met in Tehran to discuss expanding economic and trade ties.
Iran's petrochemical export value increased by 24% in the first seven months of the current Iranian calendar year, according to the former head of the Islamic Republic of Iran Customs Administration.
Mohammad Sadegh Azimifard, the CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) has said that oil product consumption has increased by 9 percent.
India's Petroleum Minister, Hardeep Singh Puri, expressed hope that increased oil production from western countries like the U.S. and Canada will stabilize markets and prices.
The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.259 million barrels per day (bpd) of crude oil in October, while the figure was 3.327 million bpd in September.