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QatarEnergy-Sinopec’s long-term LNG contract likely priced around 12.7% slope to oil

2 years ago

11 November 2023

12:51 PM

The LNG sales and purchase agreement signed between QatarEnergy and China Petrochemical Corp., or Sinopec, was likely priced around 12.7% slope to crude oil, with flexibility for Sinopec to receive LNG cargoes at its terminals in China, market sources said Nov. 9.

Don’t Be Lulled By Oil’s Recent Drop. Higher Prices Are Coming

2 years ago

11 November 2023

12:45 PM

Wars almost always bring upheavals in securities, currencies, and commodities. The lack of impact from the Israel-Hamas war has been remarkable, even puzzling, especially for oil, which might be expected to have been affected most directly by the risk of a wider conflict in the Middle East.

NIOEC rivaling foreigners in Venezuela refinery renovation

2 years ago

11 November 2023

12:23 PM

National Iranian Oil Engineering and Construction Company (NIOEC) is tasked with operating infrastructure projects in the downstream oil sector including refining, storage, transport, and distribution of crude oil and petroleum products in Iran. With more than seven decades of work in infrastructure refining, NIOEC has developed special potential in handling such projects, rendering Iran independent of foreign companies.

NPC seeks to adopt integrated approach to petrochemical exports: CEO

2 years ago

11 November 2023

12:21 PM

Iran’s National Petrochemical Company seeks to adopt an integrated approach to exporting petrochemical products to target markets, said the NPC managing director.

Oil set for third weekly decline as demand worries weigh

2 years ago

10 November 2023

12:06 PM

Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market attention turns to a key meeting of OPEC and its allies this month which will determine the group's next move on production.

Iraq and Turkmenistan make progress toward deal to transport gas via Iran

2 years ago

10 November 2023

12:03 PM

Iraq, currently dependent on Iran for gas and electricity, is seeking to develop its own gas supply as well as import gas from Turkmenistan.

OPEC+ October production rises 180,000 b/d, led by Iraq and Iran: Platts survey

2 years ago

10 November 2023

11:59 AM

OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by S&P Global Commodity Insights found, adding supply pressures to flagging market sentiment, as Iran and Iraq led the group's production higher.

Iran’s expanding oil trade with top buyer China

2 years ago

10 November 2023

11:55 AM

China's oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions.

President of Iran: Oil and gas is the favorite area of cooperation between Iran and Turkey

2 years ago

10 November 2023

11:48 AM

The President of Iran met and talked with his Turkish counterpart on the sidelines of the 16th ECO Economic Cooperation Organization meeting.

India’s natural gas dreams to get a fillip as 45% higher global LNG capacities coming up by 2030

3 years ago

9 November 2023

12:17 PM

RoydadNaft – India’s plans of energy security with more natural gas in the energy mix will get a boost in the near future, as new…

Canada’s increased oil production plans are failing climate targets, jeopardizing transition: report

3 years ago

9 November 2023

12:14 PM

RoydadNaft – Canada and other major fossil-fuel-producing countries are failing to meet targets to keep global warming in check, putting the world’s energy transition at…

No oil exports from Kurdistan before overdue payments solved -DNO

3 years ago

9 November 2023

12:10 PM

RoydadNaft – International oil companies operating in Iraq’s semi-autonomous region of Kurdistan will not produce oil for pipeline exports until the issue of overdue payments…

Oil edges up; markets shrug off China inflation data, eye fresh drivers

3 years ago

9 November 2023

12:07 PM

Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world's two biggest oil consumers.

Ali Ahmadi appointed as CEO of Iran’s tanker company

3 years ago

9 November 2023

12:01 PM

RoydadNaft – Head of Iran’s Civil Servants Pension Fund (CSPF) Mehdi Maskani has appointed Ali Ahmadi as the CEO of the National Iranian Tanker Company.

Director of exploration of the National Iranian Oil Company: Aligudarz oil shale will introduce Iran to the oil shale market for the first time.

3 years ago

9 November 2023

11:58 AM

RoydadNaft – The Director of Exploration of National Iranian Oil Company said: The presence of oil shale in Qalikouh region of Aligudarz is a…

Great opportunities for oil cooperation between Iran and Tajikistan

3 years ago

9 November 2023

11:47 AM

Yesterday, the president arrived in Tajikistan to conduct negotiations, a country that can bring potential for Iran in the field of energy, and according to the former representative of Iran in OPEC, every step in the field of energy diplomacy is in the interest of Iran.

Russian oil shaves India’s import costs by about $2.7 billion

3 years ago

8 November 2023

2:32 PM

RoydadNaft – India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on…

Oil India’s Q2 profit hurt by litigation charge

3 years ago

8 November 2023

2:29 PM

RoydadNaft – State-run explorer Oil India on Wednesday reported an over 80% drop in second-quarter profit as it set aside 23.63 billion rupees for an ongoing…

Oil sputters near three-month lows as demand concerns mount

3 years ago

8 November 2023

2:26 PM

Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in the United States and China.

Iran’s subsea gas pipeline project unique in Middle East

3 years ago

8 November 2023

2:17 PM

RoydadNaft – The Iranian Gas Engineering and Development Company (IGEDC) is for the first time in the Middle East implementing an undersea gas pipeline…