NEWS Feed Atom

TotalEnergies deal in Iraq to fuel 5,000 MW power plants

2 years ago

30 October 2023

12:11 PM

A $27-billion deal between Iraq and France’s TotalEnergies signed in July will produce nearly 600 million cubic feet per day (mcf/d) of gas that will be enough to feed power facilities with a capacity of 5,000 megawatts (MW), Iraq’s Oil Minister has said.

NPC, Energy Ministry collaborating to ensure sustained power supply to petchem plants

2 years ago

30 October 2023

12:06 PM

The head of Iran’s National Petrochemical Company (NPC) has said the company is collaborating with the Energy Ministry to ensure sustained power supply to the petrochemical plants across the country, NIPNA reported.

Indian demand for Russian crude oil roars back, but it’s not so cheap anymore

2 years ago

29 October 2023

3:14 PM

India has recovered its enormous appetite for Russian oil and is likely to buy between 1.5 million barrels per day (mbpd) and 1.7 mbpd, moving back to levels last seen around March.

Iranian oil production reaches 3.4 million bpd

2 years ago

29 October 2023

3:01 PM

The spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union said that Iran’s oil production has increased to 3.4 million barrels per day (bpd), despite the U.S. sanctions aimed at curbing oil exports and the associated revenue to Iran’s government.

New products at Iran petchem mix

2 years ago

29 October 2023

2:59 PM

Iran has faced tough US sanctions since 2018 when the Trump administration scuppered the 2015 nuclear agreement signed between Iran and six world powers. However, official data show Iran’s petrochemical industry could not be sanctioned.

Why Did Biden Choose Venezuela Over Canada for Oil?

2 years ago

28 October 2023

12:54 PM

The United States needs more heavy oil for a whole series of reasons. President Joe Biden could have chosen to have that oil come from a close friend and ally, environmentally conscious Canada, or from one of the world’s nastiest regimes, Nicolas Maduro’s Venezuela, which doesn’t give a toss about the environment.

How natural gas is central to ties between India and Qatar?

2 years ago

28 October 2023

12:50 PM

In the relationship between nations, trade plays a significant role. Central to the ties between New Delhi and Doha is LNG, the fuel on which India is critically dependent — and of which Qatar is the predominant supplier. This is the context in which diplomacy around the eight Indians on death row will take place.

Daily production of 60 million cubic meters of gas and 75 thousand barrels of gas condensate in the second refinery of South Pars

2 years ago

28 October 2023

12:31 PM

RoydadNaft – The director of the second refinery of the South Pars gas complex said: The specialists and employees of the second refinery of…

Oil prices up 3% on worries about Middle East supplies

2 years ago

28 October 2023

12:13 PM

Oil prices climbed about 3% to a one-week high on Friday on worries that tensions in Israel and Gaza could spread into a wider conflict that could disrupt global crude supplies.

Russia’s Sept fuel oil and VGO exports to India hit record high -traders, data

2 years ago

27 October 2023

12:42 PM

Russia has sent record volumes of sea-borne fuel oil and vacuum gasoil (VGO) to India in September, replacing some crude oil volumes, traders said and LSEG data showed.

Oil jumps over $2 on fears of escalating Middle East conflict

2 years ago

27 October 2023

12:29 PM

Oil prices rose by more than $2 a barrel on Friday as investors priced in fears of an escalation of conflict in the Middle East which could disrupt oil supplies, after reports that the U.S military had struck Iranian targets in Syria.

Kyrgyzstan calls for Iran to supply oil products, modernize refinery

2 years ago

27 October 2023

12:21 PM

Kyrgyzstan on Thursday requested Iran to supply oil products, particularly gasoline, gas oil, jet fuel, kerosene and bitumen, and overhaul and modernize one of its refineries.

Iran ready to boost gas transit, says Mokhber in SCO address

2 years ago

27 October 2023

12:20 PM

First Vice President Mohammad Mokhber on Thursday voiced Iran’s readiness to develop the exploitation of gas transit potentials in line with its president’s initiative dubbed “Gas for Global Economic Recovery in Post-COVID Era”.

Kuwait’s KIPIC in talks with potential partners on petrochemicals complex

2 years ago

26 October 2023

2:38 PM

State-owned Kuwait Integrated Petroleum Industries Company (KIPIC) is in early talks with companies to partner on an integrated petrochemicals complex worth up to 3 billion dinars ($9.70 billion), its CEO said.

Oil falls on demand fears, bleaker economic outlook

2 years ago

26 October 2023

2:35 PM

Oil prices fell by over 2% on Thursday after a rise in U.S. crude stockpiles signalled waning demand, and concerns about the economic outlook drove a broader sell-off in global equities.

Iran, Russia to conduct studies on gas transit

2 years ago

26 October 2023

2:26 PM

Iran and Russia agreed to make technical and economic studies on gas transit between the two countries in collaboration with Kazakhstan, Uzbekistan, and Turkmenistan.

Germany builds up LNG import terminals

2 years ago

25 October 2023

12:45 PM

RoydadNaft – Gas grid company Gascade has obtained approval from mining authorities to complete a link for a pipeline linking Mukran port on the German…

Iraqi PM says foreign oil companies in Kurdistan to resume production within a month if agreement reached over contracts

2 years ago

25 October 2023

12:39 PM

Iraq's Prime Minister Mohammed Shia Al-Sudani said on Tuesday that foreign oil companies operating in the Kurdish region informed his government that if an agreement is reached on oil production costs and contracts, they will resume oil production within a month.

Linde to Supply Industrial Gases to Indian Oil’s Panipat Refinery

2 years ago

25 October 2023

12:29 PM

Linde (NYSE:LIN) announced today that its entities in India have signed long-term agreements for the supply of industrial gases to Indian Oil Corporation's Panipat refinery in Northern India.

Oil steadies as Middle East war worries counter demand fears

2 years ago

25 October 2023

12:18 PM

Oil benchmark Brent held above $88 on Wednesday as concerns about war escalating in the Middle East offset demand worries stemming from gloomy economic prospects in Europe.