LASTEST NEWS Feed Atom

Financial challenges resolved for incomplete petrochemical projects

11 months ago

9 February 2025

5:53 AM

Shastan Commercial Investment Company's CEO has resolved financial issues for incomplete petrochemical projects, including Bushehr Petrochemical, Negin Makran Petrochemical Development Company, Badr Shargh Petrochemical Complex, and Negin Bandar Abbas Petro Refinery.

Pezeshkian inaugurates key industrial, energy projects in Kerman

11 months ago

9 February 2025

5:45 AM

Iranian President Masoud Pezeshkian traveled to Kerman Province on Saturday to inaugurate four major economic and industrial projects worth more than 200 trillion rials.

Trump says he discussed LNG exports with Japan’s Ishiba

11 months ago

8 February 2025

4:34 AM

President Donald Trump said that the United States and Japan are discussing a pipeline project in Alaska after meeting with the country’s prime minister, Shigeru Ishiba.

India’s Fuel Demand Increased by 3.2% Year-Over-Year in January

11 months ago

8 February 2025

4:29 AM

India's fuel demand increased by 3.2% in January, despite lower consumption compared to December 2024 due to holiday travel and the end of the monsoon season.

Tehran Refinery produces 6.5m barrels of gasoline per day

11 months ago

8 February 2025

4:25 AM

The Tehran Oil Refining Company produces approximately 6.5 million barrels of gasoline per day, along with 14 million liters of diesel, according to the company’s head.

South Pars refinery achieves 70% local production of equipment

11 months ago

8 February 2025

4:23 AM

The South Pars Gas Complex's ninth refinery's mechanical workshop has successfully designed and manufactured over 70% of strategic parts and equipment, thanks to skilled personnel's expertise.

US slaps sanctions on network shipping Iranian oil to China

11 months ago

7 February 2025

6:57 AM

The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to boost pressure on Tehran.

The global price of crude oil today, February 7, 2025

The price of Brent crude oil increased to 74 dollars and 61 cents

11 months ago

7 February 2025

6:53 AM

Brent oil increased by 32 cents to 74 dollars and 61 cents per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude oil rose 24 cents to $70.85 a barrel.

Iran’s refining industry advances: boosting production, quality, infrastructure

11 months ago

7 February 2025

6:26 AM

Over the past 46 years, Iran’s refining industry has demonstrated remarkable domestic capabilities, showcasing significant progress in production, quality, and infrastructure.

Electronic equipment on oil tankers to be installed within nine months

11 months ago

7 February 2025

6:23 AM

The CEO of NIOEC announced plans to install electronic locks and other equipment on oil tankers, with the project expected to be completed within nine months.

World crude oil prices today, February 6, 2025

Brent Crude Oil Price Reaches $74.69 Today

11 months ago

6 February 2025

7:36 AM

Brent crude futures rose by 8 cents to $74.69 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 15 cents to $71.18 per barrel.

Oman Sees 5.1% Drop in Oil Production, 4.9% Rise in Natural Gas Imports, Production in 2024

11 months ago

6 February 2025

7:20 AM

Oman reported a 308,422,100 barrels of oil exports by the end of December 2024, a slight drop from 310,331,200 barrels recorded in the same period last year, according to Oman news agency.

’New beacon of hope’: India’s oil demand growth offers abundant opportunities for global suppliers

11 months ago

6 February 2025

7:15 AM

India — the world’s most populous nation — is expected to account for one quarter of global oil demand growth in 2025, which gives New Delhi “an immense sway” in international energy markets, writes Gaurav Sharma in consultant Wood Mackenzie’s Energy Connects.

Over 540 gas projects to go operational during Ten-Day Dawn

11 months ago

6 February 2025

7:11 AM

NIGC inaugurates 543 gas projects across Iran, marking victory of Islamic Revolution, to enhance gas distribution, increase production, and reduce air pollution.

Tehran Oil Refinery CEO announces plans to diversify revenue streams

11 months ago

6 February 2025

7:01 AM

Tehran Oil Refining Company's CEO outlines strategic goals for the refinery, including revenue diversification through high-value products, sustainability enhancement, financing expansion, and new profitable venture investments.

Iran’s President stresses need for modern methods to optimize energy use

11 months ago

6 February 2025

6:56 AM

Iran’s president emphasized the importance of adopting modern techniques to optimize energy consumption, stating that proper energy use would allow the country to save resources and sell more oil and gas at global market prices.

Minister Paknejad: Iran breaks 10-year oil export record

11 months ago

6 February 2025

6:36 AM

Iran’s oil minister announced that the country has broken a 10-year record in oil exports this January, attributing the achievement to the efforts of oil industry workers and divine will.

World crude oil prices today February 5, 2025

Brent crude oil fell $75.81

11 months ago

5 February 2025

6:11 AM

Brent crude futures were down 39 cents, or 0.51%, at $75.81 a barrel by 0427 GMT. U.S. West Texas Intermediate crude (WTI) lost 26 cents, or 0.36%, to $72.44.

China tariff retaliation targets its modest US energy imports

11 months ago

5 February 2025

4:14 AM

Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos.

Diversify petrochemical feedstock, urges NPC chief

11 months ago

5 February 2025

4:05 AM

The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify the feedstock basket for petrochemical plants to ensure sustainable production as new projects come online.

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Latest News of Oil, Gas and Petrochemical industry

LASTEST NEWS Feed Atom

Financial challenges resolved for incomplete petrochemical projects

Pezeshkian inaugurates key industrial, energy projects in Kerman

Trump says he discussed LNG exports with Japan’s Ishiba

India’s Fuel Demand Increased by 3.2% Year-Over-Year in January

Tehran Refinery produces 6.5m barrels of gasoline per day

South Pars refinery achieves 70% local production of equipment

US slaps sanctions on network shipping Iranian oil to China

The global price of crude oil today, February 7, 2025

The price of Brent crude oil increased to 74 dollars and 61 cents

Iran’s refining industry advances: boosting production, quality, infrastructure

Electronic equipment on oil tankers to be installed within nine months

World crude oil prices today, February 6, 2025

Brent Crude Oil Price Reaches $74.69 Today

Oman Sees 5.1% Drop in Oil Production, 4.9% Rise in Natural Gas Imports, Production in 2024

’New beacon of hope’: India’s oil demand growth offers abundant opportunities for global suppliers

Over 540 gas projects to go operational during Ten-Day Dawn

Tehran Oil Refinery CEO announces plans to diversify revenue streams

Iran’s President stresses need for modern methods to optimize energy use

Minister Paknejad: Iran breaks 10-year oil export record

World crude oil prices today February 5, 2025

Brent crude oil fell $75.81

China tariff retaliation targets its modest US energy imports

Diversify petrochemical feedstock, urges NPC chief