Financial institutions have pledged a total of $386 billion in investment commitments to help India boost its renewable energy industry, Renewables Energy Minister Pralhad Joshi said on Monday.
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Iran’s Economic Council, in coordination with the Planning and Budget Organization (BPO), has notified the Oil Ministry to start implementing a plan to boost oil production in 34 oil fields.
Iranian Minister of Petroleum Mohsen Paknejad has appointed Majid Boujarzadeh as the director of the Public Relations Department of the Petroleum Ministry.
Global Crude Oil Price Today September 16, 2024
Brent crude futures for November were up 38 cents, or 0.5%, at $71.99 a barrel at 0700 GMT. U.S. crude futures for October were up 49 cents, or 0.7%, at $69.14 a barrel.
Canada and Mexico are drawing tens of billions of dollars of investment to kick-start their liquefied natural gas export industries as a permitting freeze slows the expansion of the sector in the US, the world’s biggest supplier.
The value of non-oil trade between Iran and Tukey stood at $6.01 billion in the first five months of the current Iranian calendar year (March 20-August 21), the Islamic Republic of Iran Customs Administration reported.
The renewables Association of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is going to hold the 6th edition of the National Renewable Energies Conference in early October, Mehr News Agency reported.
Oil India reports no payment issues for diesel exports to Bangladesh and smooth equipment transit for refinery expansion. Plans include increasing Numaligarh refining capacity by December 2025.
Gholamhossein Ramezanpour has been appointed as the new head of the Persian Gulf Star Oil Company with the approval of the company’s Board of Directors.
The Islamic Republic of Iran has outpaced Qatar in gas extraction from South Pars field which is shared between the two countries in the Persian Gulf, an official with the Pars Oil and Gas Company said.
64 years ago, in this day the representatives of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela came together in Baghdad to found an organization to defend their rights on making just revenue from oil exports and creating stability in the oil market. OPEC has issued a statement on the occasion, having honored 64 years of its achievements to this end which follows below:
India's crude oil imports remained steady at 4.6 million barrels per day in July, while product imports increased by 19%, primarily due to higher LPG volumes.
Iranian renewable power plants generated 264 million kilowatt-hours (Kwh) of electricity in the previous Iranian calendar month of Mordad (July 22-August 22), registering a 23-percent growth compared to the same month in the previous year.
The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.277 million barrels per day (bpd) of crude oil in August, registering a 4,000-bpd increase compared to the previous month.
The global price of crude oil today, September 13, 2024
Brent crude futures were up 74 cents, or 1%, at $72.71 a barrel by 1325 GMT. U.S. West Texas Intermediate crude futures rose $1.02, or 1.5%, to $69.99.
The spokesperson for Trade Promotion Commission of Iran’s House of Industry, Mine and Trade said that Iran’s export of goods to Iraq has reached from $145 million in 20024 to $10.238 billion in 2022, showing a 71-fold growth.
The Iraqi Minister of Oil, Hayan Abdul-Ghani, stated that gas flaring in Iraq will completely stop by the end of 2028.
The world price of crude oil today, September 12, 2024
Brent crude futures for November rose $1.01, or 1.4%, to $71.62 a barrel by 0805 GMT. U.S. crude futures for October were up $1, or 1.5%, at $68.31.
India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.
The chief executive of the Iranian National Petrochemical Company said that more than 80 million tons of petrochemical products will be produced in the country by the end of the current Iranian calendar year.