Oil slipped on Wednesday, giving up an earlier gain, as signs of ample supply and rising U.S. crude inventories countered hopes for higher demand arising from a…
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During a visit to Iran, a delegation from Russia’s state-owned Gazprom led by the holding’s Chairman of the Management Committee (CEO) Alexey Miller met with officials…
Karun Petrochemical Company has made Iran self-sufficient in the production of the raw materials needed for production of the foam used in car seats.
The head of the Iran Oil Terminals Company (IOTC) has said that Jask Oil Terminal, as a national and strategic project under the management of IOTC in…
A spokesman for the administration said that during the president’s visit to Bushehr, Phase 14 of South Pars Joint Gas Field, touted as the most-Iranian-made phase of…
National Iranian South Oil Company (NISOC)’s plan to develop 28 reservoirs, with the focus being on output preservation and enhancement, is accelerating. Ali Reza Daneshi, CEO of…
The Iranian Petroleum Ministry’s Directorate of OPEC and Int’l Energy Fora has analyzed the oil market to conclude that last year’s developments gave rise to a new…
As the international oil market warms up for 2023 let’s take a look at major events that had immense impact on the world oil markets in 2022….
Gas recovery from the giant South Pars offshore gas field, which Iran shares with Qatar, has reached 705 mcm/d. Minister of Petroleum Javad Owji has said natural…
Iran’s gas export and equations for the transfer of theclean energy to its neighboring countries is a program that is being pursued more and more by the…
China’s Yulong Petrochemical on Monday said it had signed memorandum of understanding agreements with BP (BP.L) and Chevron (CVX.N) to supply its 400,000 barrel per day greenfield refinery in northern China.
Morgan Stanley has raised its global oil demand growth estimate for this year by about 36%, citing growing momentum in China’s reopening and a recovery in aviation,…
Russian oil pipeline monopoly Transneft said on Monday that it had started pumping oil from Kazakhstan to Germany via Poland through the Druzhba pipeline, while halting deliveries…
Sibur, Russia’s largest producer and exporter of liquefied petroleum gas (LPG), resumed LPG shipments through the Black Sea port of Taman in February after a break since…
Oil prices edged lower on Monday as a stronger dollar discouraged buying though losses were limited by supply concerns after Russia halted exports to Poland via a…
The director of planning and development of the National Petrochemical Company (NPC) announced the export of $15 billion of petrochemicals in first 11 months of the current…
The CEO of Assaluyeh Petrochemical Green Tanks Compony said the investment made in the first and second phases has reached more than $350 million.
The 9th Petrochemical Industry Excellence Award was held with the slogan “Knowledge-oriented, excellence, sustainable development” with the introduction of top companies.
The closing ceremony…
The head of the Iran Oil Terminals Company (IOTC) said: “Jask Oil Terminal, as a national and strategic project under the management of the administration and the…
Arvand Petrochemical Company, with the production of 2.58 million tons of products in the first 11 months of the current Iranian calendar year which began on March…