Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels…
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Iran and Uzbekistan made an initial agreement for the increase in oil products and petrochemicals trade between the two countries.
The agreement was made…
Domestic oil production remains nearly a million barrels per day (BPD) below the monthly record level set just before the Covid-19 pandemic caused production to plunge. The…
In April 2011, it submitted a master development plan (MDP) to bring the discovery, which was named Farzad-B, for production but negotiations got stalled as international sanctions…
An official with the National Petrochemical Company (NPC) says Iran’s petrochemical industry needs an investment of 7 to 10 billion dollars for realization of its plans each…
The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for delivery to Asian customers in October.
The advisor to the CEO and the head of the social responsibility secretariat of the National Petrochemical Company (NPC) announced a 44% drop in the volume of…
Making the case is Natasha Kaneva, head of commodities strategy at J.P. Morgan . She expects a shift of several factors to lift the barrel price, which has been stuck between $80…
Brent crude futures gained 16 cents, or 0.2 per cent, to $90.62 per barrel by 0020 GMT, while US West Texas Intermediate (WTI) crude futures were up…
UK ministers are facing legal action after confirming more than 100 new oil and gas licences will be opened up in the North Sea next month.
Petrochemicals group Ineos is to develop an oil and gas field in Denmark after the country’s first approval of such a project in years.
The oil & gas sector is one of the largest industries in the world as it is a critical part of the energy sector with about 4.2…
Oil rose on Thursday on supply concerns and as a Bank of England interest rate hike defied some expectations of a larger increase.
Brent…
Britain on Thursday formally lifted a moratorium on fracking for shale gas in England that has been in place since 2019, saying strengthening the country’s energy supply…
The Director of Iran Plast International Exhibition said: “This year, in the 16th Iran Plast Exhibition, the record of previous showcases was broken, both quantitatively and qualitatively.”
Capacity of Iran’s petrochemical industry will have over twofold increase within next ten years, a senior Iranian official announced on Wednesday.
Morteza Shah-Mirzaei, Managing…
TEHRAN, Sep. 21 (MNA) – The Iranian oil minister said Wednesday that Iran has been exporting petroleum products to Lebanon since last year, and since then, the…
The CEO of the National Iranian Drilling Company (NIDC) said: With the provision of three offshore drilling rigs, the company’s presence in the Persian Gulf waters will…
Iran daily newspaper quoted an informed source in the Ministry of Petroleum that Iran’s first overseas refinery has begun operating in the Latin American country.
The Iranian oil minister said that he held talks with the head of China energy company Sinopec office in Tehran to attract their investment to develop the…