RoydadNaft – The director of the second refinery of the South Pars gas complex said: The specialists and employees of the second refinery of…
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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 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 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 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.
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”.
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 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 and Russia agreed to make technical and economic studies on gas transit between the two countries in collaboration with Kazakhstan, Uzbekistan, and Turkmenistan.
RoydadNaft – Gas grid company Gascade has obtained approval from mining authorities to complete a link for a pipeline linking Mukran port on the German…
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 (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 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.
U.S. President Joe Biden’s administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic’s backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets.
Iranian Oil Minister Javad Owji said on Wednesday he will hold talks on exporting Iranian petrochemicals and other necessary products to the Shanghai Cooperation Organization (SCO) member states in Kyrgyzstan.
Iran’s oil minister on Tuesday said the 22nd Meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO) Member States in Kyrgyzstan provides a good opportunity for reaching a multilateral agreement on gas transit and constructing a North-South gas corridor in the Central Asian region.
Canadian oil and gas producers, service firms and financers predict a “moderate growth” year in 2024 as new overseas export outlets surface on the Pacific coast of British Columbia (BC), according to ATB Capital Markets Inc.
RoydadNaft – Iran’s minister of economic affairs and finance on Tuesday said the increase in revenues earned from oil exports is among the reasons for…
The reliance on imported crude in April-September was also higher than the previous fiscal’s 87.4 per cent, which was the highest-ever for a full year.
RoydadNaft – Mexico has put restrictions on the import of dozens of refined petroleum and petrochemical products to curb fuel theft and adulteration, its official…