The Iranian oil industry’s economy is projected to grow 15.2 percent this Iranian calendar year (starting March 21, 2023), said the country’s top banker.
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The 17th Annual GPCA Forum, the Persian Gulf Petrochemicals and Chemicals Association (GPCA) flagship event, hosted by QatarEnergy, will take place for the first time in Qatar National Convention Centre, Doha from 4-6 December 2023.
India’s foreign minister said his country was awaiting a “thank you” for buying sanctioned Russian oil, saying the move had eased pressure on prices elsewhere.
The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the Group of Seven's price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.
South African petrochemical company Sasol on Friday said Simon Baloyi will take on the role of President and CEO from April 1, 2024.
Oil price staged a minor rally on Friday as traders covered shorts after another week of declines. At the time of writing on Friday, Brent crude is up 1.24%, while WTI crude is up 1.21%.
The US renewed the waiver to allow Iraq to pay Iran for electricity, renewing criticism of President Biden from Republican lawmakers
A barrel of Brent crude oil was traded at the price of 80.77 dollars in today's global markets.
Iranian Oil Minister Javad Owji on Wednesday said the country’s liquefied petroleum gas (LPG) exports have increased around 20 percent in the current Iranian calendar year (starting March 21, 2023).
Iran’s National Petrochemical Company (NPC) managing director on Thursday said $4.2 billion will be invested in domestic projects to attain self-sufficiency and complete the industry’s value chain.
India’s state-run Oil and National Gas Corp said it witnessed a drop in oil and gas output in July-September due to lower volumes from matured fields and weather-related disruptions, but production from new projects in coming quarters would more than offset that decline.
In November, Turkiye set a new record for importing the highest amount of Russian oil, according to Reuters.
Oil futures lost ground Wednesday as investors awaited a double dose of U.S. data on petroleum supplies.
Ariassol Polymer Company was introduced as an innovative knowledge-based company by the Vice President of Science and Technology.
Referring to the fact that 7 Iranian oil fields are currently being developed by Russian companies, the CEO of Iran's National Oil Company said: "In the development of these fields, the maximum capacity of Iran's domestic companies is used."
The CEO of National Iranian Oil Company said: "In the light of digital transformation and intelligentization, we will establish the control center of hydrocarbon fields for 15 oil and gas fields, and the memorandum was signed."
Iran’s Oil Ministry is the leading supporter of knowledge-based companies and first-time production, said the government spokesman.
Energy giant Saudi Arabian Oil Co. has established a set of standards and measures to reduce the risks of metal corrosion as the company employs cutting-edge technologies to ensure safety protocols, a top official said.
The European Union is considering toughening up the sanction enforcement on evaders of the price cap on Russian oil, almost none of which now trades below the ceiling of $60 per barrel, the Financial Times reported on Tuesday.
India, the world's third largest oil consumer, has asked oil producers cartel OPEC to maintain and ensure market stability for the benefit of consumres, producers and global economy.