LASTEST NEWS Feed Atom

100 MW of new solar plants ready for inauguration across Iran

8 months ago

18 April 2025

11:19 AM

Iran’s Energy Ministry announced on Thursday that 15 newly constructed solar power plants with a combined capacity of 100 megawatts are ready for operation across the country, despite a delay in the official inauguration ceremony originally planned for this week.

Expanding Iran-China petchem cooperation under review

8 months ago

18 April 2025

11:11 AM

The CEO of Iran’s National Petrochemical Company discussed opportunities to expand cooperation with Chinese firms during Iran Day at the CHINAPLAS 2025 exhibition.

Brent crude oil world price today April 17, 2025

Brent crude price reached $66.53 cents

8 months ago

17 April 2025

12:47 PM

Brent crude futures rose 68 cents, or 1%, to $66.53 a barrel by 1257 GMT, and U.S. West Texas Intermediate crude was at $63.19 a barrel, up 72 cents, or 1.2%.

Saudi Aramco Eyes India’s Refining Sector for Strategic Partnerships

8 months ago

17 April 2025

6:32 AM

Saudi Aramco sees India's refining sector as a strategic growth opportunity, with new refineries planned by BPCL and ONGC.

Thermal power plants break electricity generation record

8 months ago

17 April 2025

6:25 AM

Iran’s thermal power plants set a new electricity production record in the Iranian calendar year 1403 (ended March 19, 2025), exceeding 350 million megawatt hours (MWh), according to the Thermal Power Plants Holding Company (TPPH).

Arvandan Oil & Gas Company prepared to attract investment by clarifying opportunities

8 months ago

17 April 2025

6:20 AM

The CEO of Arvandan Oil and Gas Company said the firm is enabling informed investor decision-making by clarifying investment opportunities and providing accurate data.

China to Let US Down over Iran Oil Ban

8 months ago

17 April 2025

6:17 AM

US President Donald Trump has reiterated his determination to squeeze Iranian oil production to zero. But Iranian Minister of Petroleum Mohsen Paknejad has said the Americans would never see their dream come true.

World crude oil price today, April 16, 2025

Brent crude oil price rose to $65.30

8 months ago

16 April 2025

1:02 PM

Brent crude futures rose 63 cents, or 1 percent, to $65.30 a barrel, while U.S. West Texas Intermediate crude rose 59 cents, or 1 percent, to $61.92.

India steps up oil and gas exploration, awards 28 new blocks

8 months ago

16 April 2025

12:00 PM

India is committed to increasing exploration acreage to one million sq. km by 2030, and has made policy decisions to get 99% reduction in allowing exploration in “No-Go” areas within India’s Exclusive Economic Zone (EEZ)', he added.

Tehran, Moscow to deepen oil cooperation through joint development projects

8 months ago

16 April 2025

3:55 AM

Senior Iranian and Russian energy officials have stressed the need to strengthen bilateral cooperation in the oil sector, focusing on joint development of key oilfields.

Unveiling of beta financing package: A new step in upstream oil, gas development

8 months ago

16 April 2025

3:50 AM

Iran’s Oil Industry Research and Technology Fund introduces the "Beta" financing package (Powered by Iran) at an event focused on investment and development in upstream oil and gas.

NIGC official: Not a single cubic meter of gas was lost in winter

8 months ago

16 April 2025

3:47 AM

National Iranian Gas Company director emphasizes the industry's dedication to maintaining gas network stability despite severe cold weather and high gas consumption, ensuring no cubic meter of gas was lost.

World crude oil price today, April 15, 2025

Brent crude oil price fell to $64.38

8 months ago

15 April 2025

12:26 PM

Brent crude futures were down 50 cents, or 0.8%, at $64.38 per barrel by 1005 GMT. U.S. West Texas Intermediate crude also dipped 50 cents, or 0.8%, to $61.03 a barrel.

India’s Oil Import Price Drops Below $70 for the First Time Since 2021

8 months ago

15 April 2025

12:03 PM

The average price of India's crude oil imports fell to below $70 per barrel this month, for the first time since 2021, as international benchmarks plunged amid trade and tariff uncertainty.

Iran, Iraq sign MOUs to expand energy cooperation, joint gas projects

8 months ago

15 April 2025

11:54 AM

Iran and Iraq signed multiple memoranda of understanding to expand cooperation in the oil and energy sectors, as the two sides explored new avenues for joint development and technical collaboration.

Tanker traffic up at Shahid Rajaee port

8 months ago

15 April 2025

11:48 AM

The first large bitumen bulk oil tanker of the new Iranian year berthed at Shahid Rajaee Port in southern Iran in early April while the Port of the Persian Gulf marked a 3.9% increase in tanker operation compared to the previous year, according to port officials.

Do’s and don’ts of attracting investment in oil industry Do’s and don’ts of attracting investment in oil industry

8 months ago

15 April 2025

10:35 AM

Former CEO of Petroleum Engineering and Development Company (PEDEC) believes to attract investors in the oil industry, we must diversify long-term contracts, increase their operational flexibility, and remove obstacles.

Economic growth through investment in oil, gas upstream sector

8 months ago

15 April 2025

10:20 AM

Iranian Parliament Energy Committee member emphasizes "Transformation in Investment and Development" event as crucial for "Year of Investment for Production," attracting capital to oil, gas, and upstream industries.

World crude oil prices today, April 14, 2025

Brent crude oil price rose to $65.59

8 months ago

14 April 2025

12:50 PM

Brent crude futures rose by 83 cents, or 1.3%, to $65.59 a barrel by 1200 GMT. U.S. West Texas Intermediate crude was up 84 cents, or 1.4%, at $62.34.

OPEC cuts 2025 global oil demand growth forecast, citing US tariffs

8 months ago

14 April 2025

12:38 PM

OPEC reduced its 2025 global oil demand growth forecast due to first quarter data, US trade tariffs, and reduced economic growth forecasts for this year and next.

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Latest News of Oil, Gas and Petrochemical industry

LASTEST NEWS Feed Atom

100 MW of new solar plants ready for inauguration across Iran

Expanding Iran-China petchem cooperation under review

Brent crude oil world price today April 17, 2025

Brent crude price reached $66.53 cents

Saudi Aramco Eyes India’s Refining Sector for Strategic Partnerships

Thermal power plants break electricity generation record

Arvandan Oil & Gas Company prepared to attract investment by clarifying opportunities

China to Let US Down over Iran Oil Ban

World crude oil price today, April 16, 2025

Brent crude oil price rose to $65.30

India steps up oil and gas exploration, awards 28 new blocks

Tehran, Moscow to deepen oil cooperation through joint development projects

Unveiling of beta financing package: A new step in upstream oil, gas development

NIGC official: Not a single cubic meter of gas was lost in winter

World crude oil price today, April 15, 2025

Brent crude oil price fell to $64.38

India’s Oil Import Price Drops Below $70 for the First Time Since 2021

Iran, Iraq sign MOUs to expand energy cooperation, joint gas projects

Tanker traffic up at Shahid Rajaee port

Do’s and don’ts of attracting investment in oil industry Do’s and don’ts of attracting investment in oil industry

Economic growth through investment in oil, gas upstream sector

World crude oil prices today, April 14, 2025

Brent crude oil price rose to $65.59

OPEC cuts 2025 global oil demand growth forecast, citing US tariffs