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Russia’s Gazprom to supply extra gas to Hungary and China this year

2 years ago

22 October 2023

12:57 PM

Russia's Gazprom will supply extra gas to Hungary through the coming winter and will also provide China with an additional 600 million cubic metres this year on top of contractual obligations, TASS news agency quoted its boss Alexei Miller as saying.

Iran, Russia to start free trade by early 2024

2 years ago

22 October 2023

12:54 PM

A member of Iran and Russia chamber of commerce has said that the two countries will begin a free trade by the early 2024.

Shourijeh facility’s stored natural gas up 11%

2 years ago

22 October 2023

12:51 PM

RoydadNaft – The volume of natural gas stored in Iran’s Shourijeh storage since the beginning of the current Iranian calendar year (March 20) has exceeded…

Khorasan Petrochemical Company named Iran’s National Exemplary Exporter

2 years ago

22 October 2023

12:47 PM

Khorasan Petrochemical Company (KHPC) was named the National Exemplary Exporter of Iran.

China ship is focus of pipeline damage probe, Finland says

2 years ago

21 October 2023

4:03 PM

RoydadNaft – An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container…

Oil drops after Hamas releases US hostages

2 years ago

21 October 2023

3:59 PM

RoydadNaft – Oil prices settled lower on Friday after the Islamist group Hamas released two U.S. hostages from Gaza, leading to hopes the Israeli-Palestinian crisis…

Capacity of Iran’s renewable power plants reaches 1,088 MW

2 years ago

21 October 2023

3:56 PM

The capacity of Iran’s renewable power plants has reached 1,088.18 megawatts (MW), the country’s Energy Ministry announced.

MOGPC owns sophisticated-cum-attractive oil reservoir

2 years ago

21 October 2023

3:53 PM

RoydadNaft – Maroun Oil and Gas Production Company (MOGPC) is among the leading Iranian companies with the capacity to produce more than 620 tb/d of…

Canada court ruling on key environmental law risks deterring investments

2 years ago

20 October 2023

12:36 PM

RoydadNaft – A Canadian court ruling that voided most of Prime Minister Justin Trudeau’s environmental assessment law for resource projects has sparked fresh policy uncertainty…

Russia makes up 40% of Indian oil imports, dents OPEC’s share

2 years ago

20 October 2023

12:31 PM

The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.

US seeks to buy 6 million barrels for oil reserve by January

2 years ago

20 October 2023

12:26 PM

President Joe Biden's administration hopes to buy 6 million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan to replenish the emergency stockpile, the U.S. Department of Energy said on Thursday.

Oil set for second week of gains on Gaza contagion fears

2 years ago

20 October 2023

12:24 PM

Oil prices gained more than $1 on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one of the world's top-producing regions.

Iran ranked 26th among MENA countries in terms of foreign debt: IMF

2 years ago

20 October 2023

12:17 PM

The International Monetary Fund (IMF) in its latest Regional Economic Outlook report for the Middle East, North Africa and Central Asia has ranked Iran 26th among the countries of the mentioned regions in terms of foreign debt.

South Pars Gas Complex turns 25

2 years ago

20 October 2023

12:14 PM

The South Pars Gas Complex (SPGC), an affiliate of the National Iranian Gas Company (NIGC), was established on October 20, 1998 to operate onshore facilities of phases of the South Pars gas field.

Russian wholesale gasoline prices decline, diesel rises

2 years ago

19 October 2023

12:49 PM

Russian wholesale prices of gasoline, which is still banned for export, declined on Thursday, while diesel prices rose after sliding the previous day.

Oil slips as Venezuela sanctions ease, Middle East in focus

2 years ago

19 October 2023

12:43 PM

RoydadNaft – Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but…

Venezuela’s oil sanctions relief may lift profits, no fast output rebound

2 years ago

19 October 2023

12:40 PM

A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said.

US oil refiners crank out diesel, further squeezing margins for gasoline

2 years ago

19 October 2023

12:37 PM

U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.

The production record of urea and ammonia in Masjid Suleiman Petrochemical was broken

2 years ago

19 October 2023

12:27 PM

The CEO of Masjid Sulaiman Petrochemical Industries announced the increase in the production capacity of chemical products in this company in current October.

The crane boom was repaired and renovated by a domestic knowledge-based company in Iran Oil Terminals Company

2 years ago

19 October 2023

12:20 PM

The head of Kharg oil terminal announced the repair of the 225-ton crane boom in this terminal.