Iran's deputy oil minister emphasizes balanced development, value chain completion, and crisis preparedness in Asaluyeh's petrochemical sector, the country's main energy hub on the Persian Gulf coast.
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The National Iranian Gas Company (NIGC) has launched its first smart gas network project in Khorasan Razavi Province, deploying 22 sensors across 114 critical locations for real-time monitoring and intelligent infrastructure management.
Iran has officially launched a nationwide project to replace millions of outdated gas heaters with high-efficiency models, aiming to optimize natural gas consumption and redirect saved resources toward industrial use, officials said.
Brent crude futures rose 20 cents, or 0.29 percent, to $69.38 a barrel, the highest in a week. U.S. West Texas Intermediate crude futures rose 20 cents, or 0.30 percent, to $66.23.
India’s natural gas consumption is expected to reach 103 billion cubic meters (bcm) per year by 2030, up nearly 60% from current levels, a top official said on Thursday.
The South Pars Gas Complex's Fifth Refinery is undergoing a major overhaul for 2025, utilizing domestic engineering expertise and locally manufactured equipment.
Brent crude futures rose 54 cents, or 0.8 percent, to $69.05 a barrel. U.S. West Texas Intermediate crude futures rose 58 cents, or 0.9 percent, to $65.83 a barrel.
TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, the French oil major's worst performance in four years but in line with expectations, as lower oil and gas prices outweighed a rise in production and power sales.
Isfahan Oil Refining Company has launched the pilot operation of the first phase of a major seawater transfer project, aiming to supply around 700,000 cubic meters of water each month to the refinery, its head announced.
Iran has reduced its daily diesel consumption by an average of five million liters in 2025, compared to the previous year, driven by tighter consumption management and enhanced fuel smuggling controls, a senior oil official said.
Another tanker will not load fuel from India’s Nayara Energy refinery, which is under sanctions. This is the second such vessel to alter plans due to European Union restrictions, Reuters reports.
Brent crude futures rose 21 cents, or 0.31 percent, to $68.80 a barrel. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.26 percent, to $65.48 a barrel.
TotalEnergies and CMA CGM have formed a joint venture to operate a LNG bunker supply solution at Rotterdam's Dutch port.
Indian refiners' crude throughput declined by 4.2% month-on-month in June to 5.41 million barrels per day (22.13 million metric tons), according to provisional government data released on Tuesday.
Iran’s top economic council has approved an emergency plan to increase daily crude oil production by 250,000 barrels, with 80 percent of the funding to be provided by the National Development Fund (NDF), the country’s sovereign wealth fund.
Power plants accounted for nearly half of the nation's total natural gas consumption in the week ending July 18, using over 2.024 billion cubic meters, with stable demand from power plants and fluctuating residential usage.
Brent crude futures fell 53 cents, or 0.8 percent, to $68.68 a barrel. U.S. West Texas Intermediate crude fell 63 cents, or 0.9 percent, to $66.57 a barrel.
The European Union's delayed ban-effective January 21 next year-on fuels made from Russian crude offers temporary relief, but its restrictive definition of such fuels could pose a challenge to Indian exporters.
The CEO of the National Petrochemical Company announced the issuance of a directive to ensure production continuity in the petrochemical industry during critical and emergency conditions, aiming for stable output and meeting the needs of downstream industries.
Specialists at Iranian Offshore Oil Company (IOOC) designed and manufactured spare parts for safety valves at the Salman oil and gas platform using domestic expertise and reverse engineering, overcoming challenges posed by international sanctions.