India's Oil and Natural Gas Corporation has been unsuccessful in finding a partner for the third time in developing a natural gas field, according to unnamed sources.
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The International Monetary Fund (IMF), in its latest World Economic Outlook, has estimated Iran’s inflation to decline to 31.7 percent in 2024 from 40.7 percent last year.
With the implementation of the 7th National Development Plan, the total gas required by the petrochemical industry is estimated to reach 168 million cubic meters daily.
Former CEO of NIGC emphasizes cooperation among all sectors to address energy imbalance, stating that resolving gasoline and other energy carriers is not solely the Ministry's responsibility.
State-owned Oil and Natural Gas Corporation's (ONGC) third attempt to get a partner to rescue the Deen Dayal gas field in the KG basin in Bay of Bengal has met with the same fate as previous efforts as it got no bids, sources said.
The head of National Iranian Oil Products Distribution Company (NIOPDC) says the country’s refineries are fully capable of meeting the needs for airplane fuel and Iran does not need to import such products, IRNA reported.
Based on Iran’s seventh National Development Plan (2022-2027), the country’s petrochemical production capacity is planned to increase by eight percent to reach 130 million tons, Shana reported.
Venezuela's oil exports rose to a four-year high, approaching 950,000 barrels per day in October, boosted by growing crude output and more sales to India and the United States, according to shipping data and documents from state firm PDVSA.
revenues are predicted to be 17 quadrillion rials (about $26.153 billion) in the budget bill for the next Iranian calendar year 1404, which is 39 percent more than the figure for the current year’s budget bill.
Global crude oil price today, November 01, 2020
Brent crude futures were up $1.46, or 2%, at $74.27 a barrel by 1252 GMT. U.S. West Texas Intermediate crude rose $1.57, or 2.3%, to $70.83.
Canadian Natural Resources, Canada's largest oil and gas producer, reported lower adjusted net earnings in Q3 compared to the previous year due to falling natural gas and international crude oil prices.
Two sources suggest that diplomatic tension between India and Canada may not affect the operations of Indian Oil Corp.'s Canadian subsidiary, IndOil Montney Ltd., with dividend inflows continuing.
National Iranian Drilling Company has managed to indigenize the knowledge for manufacturing 610 drilling equipment items in collaboration with domestic manufacturers and engineers over the past two years, an official with the company said.
Gas transmission through Iran’s natural gas network reached 133 billion cubic meters in the first six months of the current Iranian calendar year, Iranian Gas Transmission Company (IGTC)’s Managing Director Peyman Khazraei announced.
Global Crude Oil Price Today October 31
Brent crude futures gained 11 cents, or 0.15%, to $72.66 a barrel by 0805 GMT. U.S. West Texas Intermediate crude futures climbed 13 cents, or 0.19%, to $68.74 per barrel.
US imports of crude oil from Canada hit a record 4.3 million b/d in July after Canada expanded its Trans Mountain pipeline, according to US EIA data.
As India's demand for natural gas surges rapidly, domestic production remains insufficient, pushing the country to increase its reliance on imports to secure its energy future.
The CEO of Ilam Gas Refinery announced that 20 development and improvement capital projects are being implemented in the refinery.
The Pakistani government has enlisted the expertise of three prestigious international law firms to represent the nation in a legal dispute with Iran regarding the Iran-Pakistan gas pipeline.
Global Crude Oil Price Today October 30, 2024
Brent crude futures gained 38 cents, or 0.5%, to $71.50 a barrel by 0957 GMT. U.S. West Texas Intermediate crude futures edged up 35 cents, or 0.5%, to $67.56 per barrel.