A liquefied petroleum gas (LPG) storage and loading facility and the complete export chain of the item were put into operation with foreign investment and a billion…
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The CEO of the National Iranian Oil aCompany (NIOC) said a foreign direct investment (FDI) of 100 million dollars has been allocated for establishment of a liquefied…
Oil prices fell more than $6 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would…
Iran’s Minister of Petroleum Javad Owji ordered on Monday inauguration of the first unit of South Pars centralized combined cycle power plant with capacity of generating 160…
The development of collaborations between the National Iranian Oil Company (NIOC) and Iran Energy Exchange (IRENEX) has ended up in a remarkable increase in the country’s export…
Iranian Oil Minister Javad Owji officially launched the demercaptanization unit of South Pars Refinery Phases 2 and 3 which was built with €74 million of investment.
Inauguration of the first condensate sweetening and demercaptanization unit of phases 2 and 3 of South Pars enhance the gas condensate sweetening capacity by 80,000 barrels and…
The Iranian Minister of Petroleum said Iran’s export of liquefied petroleum gas (LPG) saw a 20% rise in the first year of President Seyed Ebrahim Rayeesi’s office…
Oil prices rose more than $3 a barrel on Monday, extending last week’s gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a…
Ukraine’s President Volodymyr Zelenskiy accused Russia of economic terrorism on Monday as the cost of Europe’s energy crisis spiralled with Germany on the hook for at least…
Iranian Minister of Petroleum Javad Owji announced that the spell of gas production from South Pars phase 11 development project will be broken this winter after 20…
The CEO of the National Iranian Gas Company (NIGC) said the country’s gas export revenue rose by 64% in the first year since President Raeisi took office…
Iranian Minister of Finance and Economic Affairs Ehsan Khandouzi said on Sunday that the country’s oil revenues have considerably increased compared to the last year, despite unrelenting…
The U.S. Energy Secretary urged domestic oil refiners this month to not further increase exports of fuels like gasoline and diesel, adding that the Biden administration may…
Germany’s gas storage facilities are filling up faster than planned, Economy Minister Robert Habeck said, giving hope that Europe’s biggest economy could avoid acute gas shortages this…
Exploiting the marine export plan of liquefied petroleum gas (LPG) has prevented the annual waste of 2,000 tons of LPG that was burned in the past, and…
Referring to the energy potential of Iran and Nigeria, the Iranian oil minister expressed hope that cooperation in the field of energy will increase between the two…
The CEO of the National Petrochemical Company (NPC) said the country’s petrochemical revenues are planned to hit $18 billion in the current calendar year, which began on…
Tehran is ready to increase its oil exports immediately after the sanctions are removed, Iranian Minister of Petroleum Javad Owji said on Friday, noting that in the…
The United States had constructive discussions with Indian officials on a proposal to cap prices of Russian oil, U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday,…