ONGC, India's largest oil and gas explorer, is considering an $8.3-billion refinery and petrochemicals project in the Indian state of Bihar to meet rising fuel demand.
FUEL Feed Atom
Gasoline consumption in Iran reached 140 million liters on Saturday, August 25, according to the National Iranian Oil Products Distribution Company (NIOPDC).
Iran's new Oil Minister, Mohsen Paknejad, plans to address the country's energy imbalance by focusing on alternative fuels like gas, rather than increasing energy carrier prices.
Head of National Iranian Oil Refining and Distribution Company (NIORDC) Jalil Salari says the country is currently producing over 30 million liters of Euro 4 gasoline and 70 million liters of Euro 5 gasoline on a daily basis.
India recorded a 7.4% increase in petroleum product consumption in July 2024, consuming 19.65 million metric tons (MMT) compared to 18.29 MMT in the same month last year, the Petroleum Planning and Analysis Cell (PPAC) said in a report.
The Shiraz oil refinery's improving gasoline quality plan, which will upgrade the quality of 1.6 million liters of its daily gasoline production to euro-5 standards, is ready to come online.
Mohsen Paknejad, a proposed Iranian Petroleum Ministry candidate, pledges to pursue non-price solutions to address gasoline imbalance in the country, stating the government has not defined any plans for raising prices.
A senior Iranian official announced that delivery of liquid fuel to power plants has increased by 30 percent since the start of the Persian calendar year (March 20) compared with the same period last year.
India's Numaligarh Refinery Ltd (NRL) does not expect its shipments of diesel to Bangladesh to be affected by political upheaval in the neighbouring country, the company said on Friday.
India is poised to increase its diesel and jet fuel exports to Singapore and Australia in July. The expected surge in shipments, ranging from 157,000 to 224,000 barrels per day (bbl/d), is the highest since end-2021 and early 2022 and represents a 30% increase from June’s figures, according to Reuters.
Liquid fuel delivery to power plants has increased by 30 percent since the beginning of the current Iranian calendar year, since March 21 when compared with similar period last year.
An Iranian researcher and his teammates at the University of Tehran are working on producing a synthetic fuel in a laboratory environment with the least pollution level through a simulator and combining percentages of materials together.
Indian Oil Corporation Limited (IOCL) has launched a new fuel meant for racing cars and bikes taking part in motorsports, including Formula One.
Jalil Salari, managing director of NIORDC, reports an increase in fuel consumption from 32 billion liters three years ago to 46 billion liters this year, necessitating the need for smart fuel system updates.
After successfully producing a great part of oil industry catalysts at home, the country now enjoys the potential to export the catalysts to meet the neighboring countries' needs.
Fuel conservation solutions not only can make revenue equal to 80 percent of crude oil exports for the country but are the most available ones as well.
Iran’s deputy oil minister said that 75 percent of the gasoline produced in the country complies with EUR 4 and 5 standards.
The head of the Tehran Sewage Company announced the production of diesel and black carbon from de-watered sludge in the process of wastewater treatment plants in the Iranian capital.
Managing director of the Iran Fuel Conservation Company (IFCO), Hosain Abniki, says energy consumption in Iran is more than double the world standards.