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Iran boosts oil production by 14,000 barrels a day

10 months ago

25 September 2025

8:52 AM

Iran has increased output at the Cheshmeh-Khosh oil field by 14,000 barrels a day after launching a mobile desalting unit, raising total daily production to 114,000 barrels, the head of the Petroleum Engineering and Development Company (PEDEC) said Wednesday.

Snapback mechanism won’t create new restrictions on oil sales

10 months ago

25 September 2025

8:48 AM

Iran’s oil minister said Wednesday that the snapback mechanism would not create new obstacles to crude oil sales, stressing that the government has plans in place should challenges arise.

NIOC focuses on boosting output, capturing associated gas

10 months ago

25 September 2025

8:43 AM

The National Iranian Oil Company is centering its plans on boosting production and capturing associated gas despite external pressures and sanctions, the company’s chief said Wednesday.

India May Buy More Oil From US, Says Piyush Goyal

10 months ago

25 September 2025

8:37 AM

Commerce and industry minister Piyush Goyal has indicated that India could buy more oil from the US amid repeated calls from American President Donald Trump for India and China to lower purchase of Russian crude.

World crude oil prices today, September 24, 2025 / Brent oil price rose to $67.66

10 months ago

24 September 2025

8:32 AM

Brent crude futures rose 3 cents to $67.66 a barrel. U.S. West Texas Intermediate crude futures rose 5 cents to $63.46.

‘India close partner of US, but Trump imposed additional tariff for purchasing Russian oil’, says Rubio

10 months ago

24 September 2025

8:17 AM

India is a very close partner of the US, but President Donald Trump has imposed additional tariffs on New Delhi for its purchases of Russian oil as part of actions taken against President Vladimir Putin for the Ukraine war, Secretary of State Marco Rubio has said.

Iran refineries moving toward solar power

10 months ago

24 September 2025

8:03 AM

Iranian refineries are expanding efforts to conserve water and energy by building wastewater treatment plants and investing in solar power generation, a senior oil official said.

World crude oil prices today, September 23, 2025 / Brent oil price fell to $66.23

10 months ago

23 September 2025

9:41 AM

Brent crude futures fell 34 cents, or 0.51 percent, to $66.23 a barrel, while U.S. West Texas Intermediate crude fell 29 cents, or 0.47 percent, to $61.99 a barrel.

New pipeline secures stable gas production at South Pars phase 16

10 months ago

23 September 2025

9:24 AM

The Iranian Offshore Engineering and Construction Company (IOECC) has completed a new offshore and onshore pipeline for phase 16 of the South Pars gas field, ensuring stable production from the platform, the project manager said.

NIOC chief says Iran’s oil exports continue without interruption

10 months ago

23 September 2025

9:21 AM

Iran’s oil exports are continuing without interruption, the head of the National Iranian Oil Company (NIOC) said on Monday, dismissing reports of losses from changes in sales methods.

Iran’s weekly gas consumption tops 4.4 bcm

10 months ago

23 September 2025

9:17 AM

Gas consumption in Iran’s power plants, major industries, and households exceeded 4.4 billion cubic meters during the fourth week of Shahrivar (Sept. 13–Sept. 19), according to official data.

EOGPC ready to produce 65 mcm of gas in winter

10 months ago

23 September 2025

9:15 AM

Iranian subsidiary EOGPC is ready to produce 65 million cubic meters of gas daily during the cold season, meeting the needs of northeast and northern regions.

World crude oil prices today, September 22, 2025 / Brent oil price rose to $67.13

10 months ago

22 September 2025

8:50 AM

Brent crude futures rose 45 cents, or 0.67 percent, to $67.13 a barrel, while U.S. West Texas Intermediate crude rose 47 cents, or 0.75 percent, to $63.15 a barrel.

Iraq increases oil exports, sees extra revenues, state oil marketer says

10 months ago

22 September 2025

7:03 AM

Iraq has increased oil exports following the gradual unwinding of voluntary production cuts under an OPEC+ agreement, the country's state oil marketer SOMO said on Sunday.

ONGC, BP plan to step up hunt for oil, gas in India’s deep-sea next year

10 months ago

22 September 2025

7:01 AM

ONGC plans to begin drilling stratigraphic wells in India's offshore basins next year, as part of India's efforts to boost oil and gas exploration for energy security and reduced imports.

Second development well completed at Yadavaran oil field

10 months ago

21 September 2025

9:51 AM

The National Iranian Drilling Company announced the completion of drilling operations on the second development well at the Yadavaran joint oil field, part of a six-well project.

Petrochemical industry focused on stable feedstock supply

10 months ago

21 September 2025

9:47 AM

The National Petrochemical Company’s production control director said Iran’s petrochemical output in 1404 has remained defensible despite a 12-day war, with field development, flare gas recovery and investments in gas-saving projects identified as key strategies to secure stable feedstock.

After Trump pressure, EU aims to bring forward Russian LNG import ban

10 months ago

20 September 2025

8:40 AM

The European Union plans to ban Russian LNG imports into the bloc a year earlier than envisaged as part of a 19th package of sanctions against Moscow, EU officials said on Friday, a change that follows pressure from U.S. President Donald Trump.

Upstream Oil Investment Strategy to Change

10 months ago

20 September 2025

7:46 AM

Iran's petroleum industry saw a significant shift in May 2025, with the National Iranian Oil Co. (NIOC) introducing over 200 investment opportunities worth $137 billion, promoting partnerships with the private sector and foreign investors.

The global price of crude oil today, September 19, 2025 / The price of Brent oil fell to $67.27

10 months ago

19 September 2025

8:03 AM

Brent crude futures fell 17 cents, or 0.3 percent, to $67.27 a barrel, while U.S. West Texas Intermediate crude futures fell 19 cents, or 0.3 percent, to $63.38.

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Latest News of Oil, Gas and Petrochemical industry

NEWS Feed Atom

Iran boosts oil production by 14,000 barrels a day

Snapback mechanism won’t create new restrictions on oil sales

NIOC focuses on boosting output, capturing associated gas

India May Buy More Oil From US, Says Piyush Goyal

World crude oil prices today, September 24, 2025 / Brent oil price rose to $67.66

‘India close partner of US, but Trump imposed additional tariff for purchasing Russian oil’, says Rubio

Iran refineries moving toward solar power

World crude oil prices today, September 23, 2025 / Brent oil price fell to $66.23

New pipeline secures stable gas production at South Pars phase 16

NIOC chief says Iran’s oil exports continue without interruption

Iran’s weekly gas consumption tops 4.4 bcm

EOGPC ready to produce 65 mcm of gas in winter

World crude oil prices today, September 22, 2025 / Brent oil price rose to $67.13

Iraq increases oil exports, sees extra revenues, state oil marketer says

ONGC, BP plan to step up hunt for oil, gas in India’s deep-sea next year

Second development well completed at Yadavaran oil field

Petrochemical industry focused on stable feedstock supply

After Trump pressure, EU aims to bring forward Russian LNG import ban

Upstream Oil Investment Strategy to Change

The global price of crude oil today, September 19, 2025 / The price of Brent oil fell to $67.27