Head of Iran’s National Petrochemical Company (NPC) Morteza Shahmirzaei has said the company has put it on the agenda to build extraterritorial petrochemical complexes, especially in neighboring countries.
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Iran’s oil minister, in a message addressing the 2nd Petro Tech conference and exhibition, wrote the event provides a good opportunity for exchanging views on technology and innovation ecosystem and shaping the future according to the needs.
The 2nd Exhibition and Conference of Technology Management and Increasing Knowledge-based Production in Value Chain of Petroleum Industry dubbed “Petro Tech” opened in Tehran on Tuesday.
Turkey and Turkish companies saved $2 billion on energy bills in 2023 by increasing Russian oil and refined product imports, despite Western sanctions.
Brent crude futures were up 62 cents, or 0.8%, to $77.17 a barrel by 1150 GMT, while U.S. West Texas Intermediate crude rose 47 cents, or 0.7%, to $71.90.
Iran generated $3.7 billion in crude oil and gas condensate sales in the first seven months of 2023, according to the Iranian Parliament Research Center.
Iran's petrochemical catalyst export has grown significantly in recent years, with PRTC now home-producing 97% of the technology. Iran plans to export 1,000 tonnes of catalysts annually, with major buyers including theCIS and South America.
The South Pars Gas Complex has saved over 20 million euros by advancing projects for the first-time production of gas industry equipment and items within the country.
Iran’s vice president for legal affairs regards refineries in Pars Special Economic Energy Zone (PSEEZ) are symbol of failure of sanctions imposed on the country.
Iranian Ministry of Petroleum plans to gather 2 billion cubic feet of flare gas under five long-term plans, increasing flare gas gathering from 2.3 mcm/d to 18 mcm/d by March.
Iran’s crude oil production continued its rise in November, hitting 3.128 million barrels per day (bpd), the latest report of the Organization of the Petroleum Exporting Countries (OPEC) showed.
The Alberta Energy Regulator has warned fossil fuel companies that their access to water, a key resource for extracting and processing hydrocarbons, may be restricted next year because of parched conditions in Western Canada.
India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil, Oil Minister Hardeep Singh Puri said on Friday.
Two U.S. Treasury Department officials will head to Europe next week to discuss enforcing the price cap on Russian oil with government officials and private business leaders, the agency said on Friday.
A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion to expand its overseas business, it said on Saturday.
Brent futures settled down 6 cents, or 0.08%, at$76.55 a barrel. U.S. West Texas Intermediate (WTI) crude finished down 15 cents, or 0.21%, at $71.43.
Iran is ready for promoting technological cooperation in gas industry with Russia, said the deputy oil minister for gas affairs on Friday.
Canada's upstream oil and gas industry and drilling services sector has a "very favourable" outlook for 2024, according to Enserva's State of the Industry report released on Thursday.
India's merchandise trade deficit narrowed sharply to $20.58 billion in November from the previous month's record levels as imports of gold, petroleum and electronic goods moderated, government data showed on Friday.
Brent futures rose 21 cents to $76.82 a barrel at 0918 GMT. U.S. West Texas Intermediate (WTI) crude also climbed 21 cents, to $71.79.