India's current renewable energy capacity additions are insufficient to meet its ambitious targets, impacting global energy markets and emissions.
LASTEST NEWS Feed Atom
PEDEC CEO reports operational teams are launching the first phase of a crude oil processing unit at South Azadegan joint field, with production set to commence soon.
A 3D seismic survey is underway in the East Paydar oil field, meticulously planned and supervised by the Petroleum Engineering and Development Company (PEDEC).
Iran's National Iranian Oil Company (NIOC) has dismissed claims in some media outlets about the production of low-quality crude, stating that Iran's oil exports meet global standards and urging "biased media" to prioritize national interests.
The spokesperson for the Ministry of Foreign Affairs strongly condemned the US action to sanction several individuals, including the oil minister of the Islamic Republic of Iran, as well as multiple oil tankers and commercial companies.
The acting head of joint operations at the South Pars Gas Complex (SPGC) announced that the Besat Power Plant, part of the South Pars Gas Complex, has delivered more than 46,000 megawatts of electricity to the national grid through significant efforts and the dedication of its staff.
World crude oil price today March 14, 2025
Brent crude rose 70 cents, or 1 percent, to $70.58 a barrel. U.S. West Texas Intermediate crude rose 73 cents, or 1.1 percent, to $67.28 a barrel.
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow, multiple trade sources said.
India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions, data from trade sources shows.
Arvand Petrochemical, the largest producer of PVC and chlorine chains in West Asia, has achieved a historic production record for EPVC this Iranian year, eliminating the need for the country to import five specialized grades.
The US Treasury Department has imposed sanctions on Iran’s oil minister as part of its ongoing maximum pressure campaign against the Islamic Republic.
World crude oil price today March 13, 2025
Brent crude fell 3 cents to $70.92 a barrel, while U.S. West Texas Intermediate crude fell 8 cents to $67.60 a barrel.
The deeply integrated North American oil and gas market stands at crossroads, with Canada's largest oil producer warning that it will diversify its exports away from the United States if President Donald Trump's tariff threats do not end.
India has passed legislation intended to encourage oil and gas exploration to help meet its energy needs, a move that highlights the difficulty of persuading the world’s most populous nation to phase out fossil fuels.
The National Iranian South Oil Company (NISOC) and the Exploration Directorate of the National Iranian Oil Company (NIOC) have signed a cooperation agreement to enhance collaboration in exploration, development, and production processes.
The latest calculations by the Parliament Research Center show that the country's economic growth in Dey (Dec. 21, 2024-Jan. 19, 2025) increased by 1.8% compared to the same month last year, while non-oil economic growth stood at 1.3%.
World crude oil prices today, March 12, 2025
Brent futures rose 13 cents, or 0.2 percent, to $69.69 a barrel, while U.S. West Texas Intermediate crude rose 13 cents, or 0.2 percent, to $66.38 a barrel.
Canadian Energy Minister Jonathan Wilkinson stated that Canada will respond to US tariffs and emphasized that it is not seeking to escalate trade tensions between the two nations.
China National Petroleum Corporation and India's ONGC Videsh Ltd plan to invest in Nigeria's oil and gas industry due to regulatory reforms and the country's vast reserves.
Iran has brought the first well from a 35-well infill drilling project at the South Pars gas field into production, aimed at maintaining output levels, the managing director of Pars Oil and Gas Company (POGC) said.