GAS Feed Atom

The manager of Refinery 11 at the South Pars Gas Complex described the reduction in gas flaring as significant, stating that the volume of gas sent to flares has dropped from over 1 million cubic meters per day to less than 3,000 cubic meters.
The head of operations at the seventh refinery of South Pars announced the successful implementation of the flare gas recovery operation, stating that the project was completed with high quality, relying on domestic technical expertise and innovative measures. The installation of flare and utility line branches was fully executed.
The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) reported significant progress in flare gas recovery projects, stating that the company is legally required to collect and inject a major portion of associated petroleum gases into the national grid or downstream industries by the end of the Seventh Development Plan.

World crude oil price today, May 27, 2025

Brent crude futures rose 26 cents, or 0.4 percent, to $65 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 25 cents, or 0.4 percent, to $61.78 a barrel.