Kerman province has cemented its role as Iran’s top solar energy hub, with over 8,000 MW of projects permitted, allocated, and under construction, according to Governor-General Mohammad Ali Talebi.
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About 53 million liters of gasoline are distributed daily in Iran using station emergency fuel cards, the head of the National Iranian Oil Products Distribution Company said.
Iran’s Lordegan Petrochemical Complex set new October records for urea and ammonia output after a catalyst upgrade, generating $100 million in foreign currency from urea exports.
Petrochemical Pardis Company and Pars Special Economic Energy Zone Organization signed an MoU to boost Iran’s urea exports by securing 30,000 tons of storage and a dedicated dock for direct shipments.
Brent crude fell 17 cents, or 0.3 percent, to $63.20 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 12 cents, or 0.2 percent, to $58.71.
India’s imports of discounted Russian crude are expected to plunge next month to their lowest since 2022, as refiners move to comply with stricter Western sanctions.
Russia and China are holding talks to expand Russian oil exports to Beijing, as Moscow strengthens energy ties with China amid growing Western sanctions, Deputy Prime Minister Alexander Novak announced.
Iran’s Bushehr Province’s industry chief warned that despite hosting South Pars and many petrochemical plants, the region gains little economic benefit, urging a rapid focus on downstream development and retaining financial resources locally.
Iran’s NIOC Managing Director Hamid Bord, during a surprise visit to the delayed Kesht and Konartakhteh oil fields, demanded an immediate overhaul of the development schedule and warned that no further delays will be accepted.
The National Iranian Oil Company will start producing 5 million cubic meters of gas daily from the Khartang field in December 2025, four months ahead of schedule, strengthening Iran’s energy security.
Brent crude futures fell 3 cents, or 0.05 percent, to $62.53 a barrel, while West Texas Intermediate crude fell 7 cents, or 0.12 percent, to $57.99 a barrel.
India will secure about 10% of its LPG needs from the U.S. under a one-year deal that both narrows its trade surplus with Washington and helps hedge against U.S. pressure over Russian oil imports.
The CEO of Isfahan Oil Refinery said the refinery’s flare gas recovery project has reached 85% physical progress and is scheduled to come online by the end of 2025. The project is being implemented with a budget of more than 6.8 million euros and 520 billion rials.
The head of the National Iranian Oil Refining and Distribution Company said 391 million liters of low-sulfur mazut had been delivered to four thermal power plants by late November.
Canada faces fresh internal conflict as Alberta demands fast-track approval for a new oil sands-to-Pacific pipeline to slash reliance on U.S. markets and reach Asia, while British Columbia’s premier denounces the multibillion-dollar project as a “fantasy,” intensifying the cross-country energy showdown.
The Iranian Ministry of Economic Affairs and Finance (MEAF) unit says it is investigating a controversial instant payment made by a convicted fuel smuggler to secure his release from custody.
Iran, China, Kazakhstan, Uzbekistan, Turkmenistan and Turkey signed a multilateral agreement in Istanbul aimed at expanding rail freight movement along the southern branch of the Eurasian transit corridor, reinforcing Iran’s position as a core gateway for container traffic between China and Europe.
Iran’s President Masoud Pezeshkian said the government is fully prepared to manage the coming winter and emphasized that if each individual, household or organization cuts energy use by just 10 percent, the country could save between 800,000 and 900,000 barrels of oil per day.
Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drilling in waters off the state's Gulf Coast.
Iran plans to create an independent banking system dedicated to its free trade zones as part of a broader effort to overhaul the country’s economic governance, the economy minister said, adding that free zones will serve as the launchpad for structural reform.