Bandar Imam Petrochemical Company (BIPC) has broken its six-year export record in the first 11 months of this year (March 20, 2024-February 18, 2025).
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The Bid Boland Gas Refinery has implemented an acid gas collection project aimed at addressing energy imbalances, reducing greenhouse gas emissions, and preventing pollutants from entering the environment.
India’s imports of crude oil from Russia slumped this month to the lowest level since January 2023, according to data analytics company Kpler, underlining how stringent US sanctions have disrupted supply chains.
The spokesperson for the National Iranian Gas Company (NIGC) announced the production and delivery of 866 million cubic meters (mcm) of natural gas to the national grid.
World crude oil price today February 28, 2025
Brent crude futures fell 72 cents, or 0.98 percent, to $72.85 a barrel. U.S. West Texas Intermediate crude futures fell 76 cents, or 1.08 percent, to $69.59 a barrel.
JM Financial reports that Indian gas companies are concerned about the persistently high prices of spot LNG, which could impact domestic demand and city gas distribution firms.
PGPIC CEO emphasizes new plans to maintain economic momentum, stating serious financing solutions are needed even amidst sanctions, acknowledging that no solutions are impossible.
A new monitoring system aimed at advancing development projects and increasing production at the Aban, Paydar Gharb, Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields was unveiled Wednesday.
World Brent crude oil price today February 27, 2025
Brent crude oil futures was up 2 cent at $72.55 a barrel by 0731 GMT. U.S. West Texas Intermediate crude oil futures were up 6 cents at $68.68 per barrel.
The South Pars Gas Complex's refineries have strategically supplied over 135 million barrels of gas condensates to the Persian Gulf Star Refinery since March 2024.
The CEO of the South Pars Gas Complex (SPGC) announced that the facility is making every effort to ensure public welfare during the country’s severe cold weather.
Shazand Oil Refinery's CEO confirmed normal operational activities, no disruptions to production or output of strategic products like gasoline and other essential derivatives.
World crude oil price today February 26, 2025
Brent crude eased by 3 cents to $72.99 a barrel by 1142 GMT while U.S. West Texas Intermediate crude oil futures gained 3 cents to $68.96.
In a business world that strives for the win-win, U.S. President Donald Trump may achieve the rare lose-lose for consumers and producers with proposed tariffs on Canadian energy — but a windfall for U.S. government revenues.
The US sanctioned over 30 individuals and vessels, including four Indian firms, for their role in the sale and shipping of Iranian oil. The sanctions come amid ongoing efforts to curb Iran's oil exports, which primarily go to China using a network of shadowy intermediaries and vessels.
The CEO of Aryasasol Polymer Company announced that the company’s export markets have expanded to 32 countries, up from 16 countries in 2022, driven by direct sales.
World crude oil prices today February 25, 2025
Brent crude oil futures rose 15 cents or 0.2 percent to $74.93 per barrel. West Texas Intermediate (WTI) crude oil rose 23 cents, or 0.3%, to $70.93 a barrel
The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, tanker operators, and shipping companies for their role in selling and transporting Iranian petroleum, the Treasury Department said.
Iran’s oil exports are proceeding without any issues, Deputy Oil Minister Hamid Bovard said on Monday on the sidelines of the third national PetroTech conference.
The CEO of NPC suggests that the petrochemical industry can advance by effectively managing research, leveraging global knowledge, implementing advanced technologies, and embracing innovative thinking.