LASTEST NEWS Feed Atom

ICJ emphasizes climate commitments, opens door to legal action against major polluters

5 months ago

5 August 2025

6:05 AM

The International Court of Justice (ICJ) has issued a landmark advisory opinion affirming that countries are legally obligated to reduce greenhouse gas emissions—a ruling that may pave the way for compensation claims against major historical polluters.

ADNOC Gas to Supply 0.5 mmtpa of LNG to India for 10 Years

5 months ago

4 August 2025

11:17 AM

ADNOC Gas has signed a 10-year agreement with Indian energy giant HPCL to supply them with 0.5 million metric tons per annum of liquefied natural gas.

Iran to Bolster Petchem Capacity by Launching New Projects

5 months ago

4 August 2025

4:28 AM

Ahmad Jalilianfard, the director of projects at Iran’s National Petrochemical Company announced that 19 petrochemical projects are expected to become operational by the end of the current Persian calendar year (March 20, 2026) which include 15 production projects and four feedstock supply projects.

Saudi company in talks with Iraq to build petrochemical complex in Basra

5 months ago

4 August 2025

4:26 AM

The Iraqi Minister of Industry and Minerals, Khalid Battal al-Najm, and officials from Saudi Arabia’s Ajyal Group discussed on last Tuesday a possible deal to construct a petrochemical complex in Iraq.

SATBA ramps up solar drive with over 5,000 MW under construction

5 months ago

4 August 2025

4:21 AM

Iran's SATBA has installed over 5,000 megawatts of solar power at over 850 sites to expand renewable energy and enhance electricity efficiency.

Iran’s trade surplus with Pakistan grows as officials call for free trade expansion

5 months ago

3 August 2025

4:49 AM

Iran has a trade surplus with Pakistan, exporting goods at 3.5 times the volume of imports, according to Hamidreza Karbalaei Esmaeili, Deputy for the Indian Subcontinent at Iran's Trade Promotion Organization.

Iran’s economy grew 1.4% in early spring, parliamentary report shows

5 months ago

3 August 2025

4:14 AM

Iran’s economy grew by 1.4 percent in the first two months of the current Iranian year (March 20–May 20, 2025) compared to the same period last year, according to a report published by the Research Center of the Iranian Parliament.

South Pars Second Refinery plays key role in downstream value chain

5 months ago

3 August 2025

4:11 AM

The manager of the South Pars Gas Complex highlighted the refinery's strategic importance in the downstream value chain, highlighting that 10% of its gas output is converted into high-value products.

Tehran, Baghdad stress resolving gas export, payment issues

5 months ago

3 August 2025

4:07 AM

Iran's oil minister emphasized resolving gas export and payment issues during a meeting with Iraq’s electricity minister, expressing optimism that both matters will soon be settled.

India will buy Russian oil despite Trump’s threats, NYT reports

5 months ago

2 August 2025

10:37 AM

Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday.

Oil minister denies report of 40m barrels of Iranian oil stranded at sea

5 months ago

2 August 2025

10:27 AM

Iran’s oil minister has rejected claims by foreign media that more than 40 million barrels of Iranian oil are stranded at sea, calling the reports baseless.

NIDC completes 48 oil, gas wells drillings in four months

5 months ago

2 August 2025

10:12 AM

National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells onshore and offshore across Iran during the first four months of the current Iranian calendar year, a company official said.

Global crude oil prices today, August 01, 2025 / Brent crude oil prices fell to $71.63

5 months ago

1 August 2025

7:19 AM

Brent crude futures fell 7 cents, or 0.1 percent, to $71.63 a barrel. U.S. West Texas Intermediate crude fell 10 cents, or 0.14 percent, to $69.16 a barrel.

India Pauses Russian Crude Oil Purchases

5 months ago

1 August 2025

7:10 AM

Indian state refiners have temporarily ceased purchasing Russian crude oil this week, primarily due to concerns over potential secondary tariffs threatened by U.S. President Donald Trump and reduced discounts on Russian oil.

Iran strongly condemns US sanctions against energy, oil industries

5 months ago

1 August 2025

7:07 AM

Iran’s Foreign Ministry has vehemently denounced the United States' latest round of sanctions as a blatant assault on the Iranian people and their national dignity.

Iran posts $1.078 bln trade deficit in 4 months to late July

5 months ago

1 August 2025

6:53 AM

Iran has posted a trade deficit of just over $1 billion in four months of current Iranian calendar year (started March 21, 2025), registering a 10% drop in value terms over the same period last year, IRICA announced.

World crude oil prices today, July 31, 2025 / Brent crude oil price fell to $72.21

5 months ago

31 July 2025

8:10 AM

Brent crude fell 0.4 percent to $72.21 and West Texas Intermediate (WTI) fell 0.2 percent to $69.83 a barrel, following a 1 percent gain in both indices on Wednesday.

Trump Says US Will Work on Developing Pakistan’s ‘Massive Oil Reserves’

5 months ago

31 July 2025

7:39 AM

US president Donald Trump said on July 30 that the US has concluded a trade deal with Pakistan, saying that the two countries will work together to developing "massive oil reserves" allegedly in Pakistan.

Trump hits India with 25% tariff, extra ‘penalty’ for Russian oil purchases

5 months ago

31 July 2025

7:32 AM

United States President Donald Trump has announced a 25 percent tariff on Indian goods, as well as an unspecified penalty for the country’s purchase of Russian oil and military equipment, as the unending war in Ukraine frustrates the White House.

Renewables, a Solution to End Fuel Oil Use in Iran’s Power Plants

5 months ago

31 July 2025

7:27 AM

Saeed Tavakoli, Managing Director of the National Iranian Gas Company, highlighted the urgent need to develop renewable energy sources to reduce gas consumption in power plants and prevent air pollution caused by burning fuel oil during energy imbalances. He called on the Ministry of Energy to implement new mechanisms to enhance alternative fuel use and protect the environment.

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Latest News of Oil, Gas and Petrochemical industry

LASTEST NEWS Feed Atom

ICJ emphasizes climate commitments, opens door to legal action against major polluters

ADNOC Gas to Supply 0.5 mmtpa of LNG to India for 10 Years

Iran to Bolster Petchem Capacity by Launching New Projects

Saudi company in talks with Iraq to build petrochemical complex in Basra

SATBA ramps up solar drive with over 5,000 MW under construction

Iran’s trade surplus with Pakistan grows as officials call for free trade expansion

Iran’s economy grew 1.4% in early spring, parliamentary report shows

South Pars Second Refinery plays key role in downstream value chain

Tehran, Baghdad stress resolving gas export, payment issues

India will buy Russian oil despite Trump’s threats, NYT reports

Oil minister denies report of 40m barrels of Iranian oil stranded at sea

NIDC completes 48 oil, gas wells drillings in four months

Global crude oil prices today, August 01, 2025 / Brent crude oil prices fell to $71.63

India Pauses Russian Crude Oil Purchases

Iran strongly condemns US sanctions against energy, oil industries

Iran posts $1.078 bln trade deficit in 4 months to late July

World crude oil prices today, July 31, 2025 / Brent crude oil price fell to $72.21

Trump Says US Will Work on Developing Pakistan’s ‘Massive Oil Reserves’

Trump hits India with 25% tariff, extra ‘penalty’ for Russian oil purchases

Renewables, a Solution to End Fuel Oil Use in Iran’s Power Plants