India’s state-run refiners will fully commission the world’s longest liquefied petroleum gas pipeline by June, a key development that will sharply cut fuel transportation costs and help prevent deadly road accidents.
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During the week to February 28, 6.048 billion cubic meters (bcm) of natural gas were produced and delivered to the national grid.
Bandar Imam Petrochemical Company (BIPC) has broken its six-year export record in the first 11 months of this year (March 20, 2024-February 18, 2025).
Russian Consul General in Iran Andrei Zhiltsov said Iranian products offer competitive pricing, quality, and variety, making them strong contenders against Chinese and Turkish goods in the Russian market.
During February 22-28, a record-breaking 660.236 million liters of liquid fuel for power plants were delivered, a 44% increase from the same period last year.
The Bid Boland Gas Refinery has implemented an acid gas collection project aimed at addressing energy imbalances, reducing greenhouse gas emissions, and preventing pollutants from entering the environment.
Iran's GDP grew by 3.1% YoY in the first nine months of 2024, including oil, according to the latest quarterly national accounts from the Statistical Center of Iran.
India’s imports of crude oil from Russia slumped this month to the lowest level since January 2023, according to data analytics company Kpler, underlining how stringent US sanctions have disrupted supply chains.
Representatives from Iran and Belarus' private sectors have held talks on establishing an industrial unit for the joint production of advanced equipment.
Iran and Brazil have agreed to expand their financial and banking relations, with a focus on using national currencies in bilateral trade and leveraging banking infrastructure for economic cooperation.
The spokesperson for the National Iranian Gas Company (NIGC) announced the production and delivery of 866 million cubic meters (mcm) of natural gas to the national grid.
World crude oil price today February 28, 2025
Brent crude futures fell 72 cents, or 0.98 percent, to $72.85 a barrel. U.S. West Texas Intermediate crude futures fell 76 cents, or 1.08 percent, to $69.59 a barrel.
JM Financial reports that Indian gas companies are concerned about the persistently high prices of spot LNG, which could impact domestic demand and city gas distribution firms.
PGPIC CEO emphasizes new plans to maintain economic momentum, stating serious financing solutions are needed even amidst sanctions, acknowledging that no solutions are impossible.
A new monitoring system aimed at advancing development projects and increasing production at the Aban, Paydar Gharb, Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields was unveiled Wednesday.
World Brent crude oil price today February 27, 2025
Brent crude oil futures was up 2 cent at $72.55 a barrel by 0731 GMT. U.S. West Texas Intermediate crude oil futures were up 6 cents at $68.68 per barrel.
The South Pars Gas Complex's refineries have strategically supplied over 135 million barrels of gas condensates to the Persian Gulf Star Refinery since March 2024.
The CEO of the South Pars Gas Complex (SPGC) announced that the facility is making every effort to ensure public welfare during the country’s severe cold weather.
Shazand Oil Refinery's CEO confirmed normal operational activities, no disruptions to production or output of strategic products like gasoline and other essential derivatives.
World crude oil price today February 26, 2025
Brent crude eased by 3 cents to $72.99 a barrel by 1142 GMT while U.S. West Texas Intermediate crude oil futures gained 3 cents to $68.96.