Iran's Association of Petrochemical Industry Corporation (APIC) secretary general said domestic petrochemical industry has fetched $61 billion over the past five years.
LASTEST NEWS Feed Atom
Iran’s Arya Sasol Polymer Company has achieved record production and sales, said the ASPC managing director.
OPEC is facing weakening demand for its crude in the first half of 2024 just as its global market share declines to the lowest since the COVID-19 pandemic on the back of output cuts and member Angola's exit, according to Reuters calculations and data from forecasters.
In the face of international scrutiny, India has staunchly defended its substantial purchases of Russian crude oil since the onset of the Ukraine war.
Ecuador has reached an agreement with an Indigenous community in the country's Orellana province to end the group's blockade of oil projects in the area, the ministry of energy and mining said on Saturday.
The trade exchanges between Iran and Turkey in the first 11 months of 2023 reached $5.0 billion, showing a 13 percent decline compared to the same period of last year.
Iran exported commodities valued at $10.3 billion to China during the first nine months of the current Iranian calendar year (March 21-Decemebr 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
India's fuel exports rose in November from a month earlier as refineries ramped up crude processing while diesel demand for trucking was lower during the Diwali festival season.
Brent crude on Friday, the last trading day of the year, settled at $77.04 a barrel, down 11 cents or 0.14%. U.S. West Texas Intermediate crude settled at $71.65 a barrel, down 12 cents or 0.17%.
Exporting goods from Bushehr province hits over $8.2 billion in the first nine months of the current Iranian year of 1402 (March 21-December 21), a local customs official said.
Iran’s annual petrochemical production capacity will surpass 95 million tons (mt) by the end of the current Iranian calendar year (March 19, 2024), said the National Petrochemical Company (NPC) managing director.
India initiates rupee payments for UAE oil, aiming to globalise its currency and diversify economic strategies in international trade.
Engie Brasil said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ) for 3.1 billion reais ($641 million).
Brent crude futures were up 58 cents, or 0.8%, at $77.73 a barrel at 1113 GMT, the last trading day of 2023, while U.S. West Texas Intermediate (WTI) crude futures were up 42 cents, or 0.6%, at $72.19.
Iran and the Eurasian Economic Union (EAEU) have finally signed a long-awaited free trade agreement.
India's natural gas consumption surpassed domestic production from April to November 2023, indicating a growing energy shift and outpacing domestic production.
Canadian oil producers Canadian Natural Resources and MEG Energy are urging the country's energy regulator to approve Trans Mountain Corp's latest request for a change to building its pipeline expansion, saying timely completion is critical.
Oil prices fell around 1% on Thursday as concerns eased about shipping disruptions along the Red Sea route, even as tensions in the Middle East continue to fester.
Iran is self-sufficient in all segments of the oil industry despite brutal sanctions and ready to develop Iraq’s upstream and downstream sectors, said Oil Minister Javad Owji on Wednesday.
Iranian Oil Minister Javad Owji on Wednesday said Iran and Iraq are the large holders of hydrocarbon reserves and joint projects in this sector will be in their interests.