The following is a report published in Iran Petroleum's latest issue on Iran's petrochemical industry, specifically the polymer sector.
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The speaker of the Iranian parliament Mohammad Bagher Qalibaf has said that 25 to 30 million liters of oil products are smuggled out of the country daily, which is undoubtedly organized.
The world price of crude oil today, November 26, 2024
Brent crude futures were up 53 cents, or 0.7%, at $73.54 a barrel as of 1231 GMT. U.S. West Texas Intermediate crude futures were at $69.46 a barrel, up 52 cents, or 0.75%.
Russia's crude oil exports by sea fell in the four weeks to November 24 compared to the previous four-week average by the steepest volume since July, amid lower shipments to India, tanker-tracking data monitored by Bloomberg showed on Tuesday.
Iran's Finance and Economic Affairs Minister Abdolnasser Hemmati met with OPEC Fund President Abdulhamid Alkhalifa at the 28th WAIPA World Investment Conference, confirming the Fund's readiness to offer services to Iranian companies.
Iran aims to increase annual trade with Qatar to one billion dollars, hoping for increased economic cooperation during the Joint Economic Committee meeting between the two nations.
With the coming to power of a new president in the United States, measures have been taken to ensure that Iran's oil exports continue without or with minimal challenges.
The global price of crude oil today, November 25, 2024
Brent crude futures were down 0.23%, or 17 cents, to $75.00 a barrel by 1314 GMT, while U.S. West Texas Intermediate crude futures were at $71.01 a barrel, down 23 cents, or 0.32%.
Indian crude oil and condensate production dropped by four percent year-over-year in October 2024, reaching 2.3 million metric tons (MMT), according to recent data from the Petroleum Planning and Analysis Cell (PPAC).
Iran’s capital Tehran is going to host the next meeting of the Iran-Turkey Joint Economic Committee on December 9, an official with the Iranian Foreign Ministry said.
India's domestic crude oil and condensate production fell by 4% YoY in October 2024, reaching 2.3 million metric tonnes, according to PPAC data.
The head of Iran’s Trade Promotion Organization (TPO) has stressed the need for finding new and innovative ways to increase the share of the Islamic Republic in the African markets, IRNA reported.
Natural gas delivery to Iran’s power plants stood at 182 million cubic meters per day (mcm/d) during the week ended on 23 November, implying 3.3 mcm/d up against a similar period last year.
Iranian Minister of Petroleum Mohsen Paknejad has announced the South Pars gas field pressure-boosting project as one of the most important projects of the National Iranian Oil Company (NIOC).
In its latest short term energy outlook (STEO), which was released recently, the U.S. Energy Information Administration (EIA) said India has emerged as the leading source of growth in global oil consumption in its forecast.
Iranian Agriculture Minister Gholamreza Nouri Ghezeljeh and Japanese Ambassador Tamaki Tsukada discussed Iran's transit corridor's potential for significant regional product transport.
Iran is among the world's top four countries in producing aircraft refuelers, an official familiar with the matter told IRIB.
The OPEC and Russian Federation held the Ninth High-level Meeting of the OPEC-Russia Energy Dialogue in Moscow on November 22, 2024.
Despite rising domestic production, India will increasingly rely on liquefied natural gas imports, especially from Qatar and the Middle East.
The head of Iran’s Trade Promotion Organization (TPO) has highlighted the need to establish a joint business council with Kazakhstan, the TPO portal reported.