NEWS Feed Atom

NPC head highlights leveraging strategic successes to advance petchem industry

1 year ago

6 March 2025

7:20 AM

The CEO of the National Petrochemical Company (NPC) emphasized the importance of the Petrochemical Industry Excellence Award, stating that the successful presence of petrochemical companies in various fields has driven industry players toward excellence and progress.

South Pars Gas Complex overhauls to begin next month

1 year ago

6 March 2025

7:17 AM

The head of maintenance engineering at the South Pars Gas Complex announced that major overhauls of the facility’s refineries will begin next Iranian calendar month.

World crude oil price today March 5, 2025

Brent crude oil price fell to $69.57

1 year ago

5 March 2025

2:54 PM

Brent futures fell $1.47, or 2.1%, to $69.57 a barrel by 1408 GMT. U.S. West Texas Intermediate (WTI) crude declined $1.77, or 2.6%, to $66.49 a barrel.

Localization of reactor prevents millions of dollar outflow

1 year ago

5 March 2025

4:07 AM

The first domestically produced methanol synthesis reactor, which has been localized to prevent tens of millions of dollars outflow, was installed at the second phase of the Sabalan Petrochemical Complex.

NPC: Over $9b from petchem exports returned to national economy

1 year ago

5 March 2025

4:04 AM

The CEO of the National Petrochemical Company (NPC) announced that the total exports of the petrochemical industry over the past 11 months amounted to approximately $12 billion, of which $9.14 billion reinjected into the country’s economic cycle.

World crude oil prices today, March 4, 2025

Brent crude oil price fell to $70.72 cents

1 year ago

4 March 2025

9:47 AM

Brent futures were down 90 cents, or 1.26%, to $70.72 a barrel at 0827 GMT while U.S. West Texas Intermediate (WTI) crude was off 79 cents, or 1.16%, to $67.58.

Iranian crude oil OSP for March announced by NIOC

1 year ago

4 March 2025

4:10 AM

The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.

Investment in Band Karkheh oil field development approved by Economic Council

1 year ago

4 March 2025

4:03 AM

The Economic Council, reviewed and approved a request from the Ministry of Oil to amend a previous resolution regarding a gas supply project for power plants on Kish Island and to invest in the development and operation of the Band Karkheh oil field.

Sustainable gas production attributed to SP employees’ efforts

1 year ago

4 March 2025

3:59 AM

The CEO of the South Pars Gas Complex highlighted recent production records, stating that work and production are central to the country’s economic development and progress.

World crude oil price today March 3, 2025

Brent crude oil price rose to $73

1 year ago

3 March 2025

10:53 AM

Brent crude climbed 19 cents, or 0.3%, to $73.00 a barrel by 0720 GMT while U.S. West Texas Intermediate crude was at $69.95 a barrel, up 19 cents, or 0.3%.

Turkey wants Iraq-Turkey pipeline to work at maximum capacity, minister says

1 year ago

3 March 2025

4:14 AM

Turkey wants an Iraq-Turkey oil pipeline to operate at maximum capacity once it resumes flows through Turkey's Ceyhan, Turkish Energy Minister Alparslan Bayraktar was quoted as saying by the state-owned Anadolu news agency on Sunday.

India builds world’s longest LPG pipeline to cut costs & deadly road accidents

1 year ago

3 March 2025

4:07 AM

India’s state-run refiners will fully commission the world’s longest liquefied petroleum gas pipeline by June, a key development that will sharply cut fuel transportation costs and help prevent deadly road accidents.

Over 6 bcm of natural gas delivered to national grid in seven days

1 year ago

3 March 2025

4:03 AM

During the week to February 28, 6.048 billion cubic meters (bcm) of natural gas were produced and delivered to the national grid.

Bandar Imam Petrochemical Company exports grow by 44%

1 year ago

3 March 2025

4:01 AM

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).

Bid Boland Gas Refinery takes steps to reduce gas flaring

1 year ago

2 March 2025

4:54 AM

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 oil imports from Russia plunge to lowest in two years

1 year ago

1 March 2025

4:45 AM

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.

866 mcm of natural gas delivered to national grid

1 year ago

1 March 2025

4:31 AM

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 oil price fell to $72.85

1 year ago

28 February 2025

12:07 PM

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.

High spot LNG prices a concern for Indian Gas companies: JM Financial

1 year ago

28 February 2025

5:41 AM

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.

Working under sanctions is challenging, but solutions exist: PGPIC

1 year ago

28 February 2025

5:38 AM

PGPIC CEO emphasizes new plans to maintain economic momentum, stating serious financing solutions are needed even amidst sanctions, acknowledging that no solutions are impossible.

RoydadNaft

Latest News of Oil, Gas and Petrochemical industry

NEWS Feed Atom

NPC head highlights leveraging strategic successes to advance petchem industry

South Pars Gas Complex overhauls to begin next month

World crude oil price today March 5, 2025

Brent crude oil price fell to $69.57

Localization of reactor prevents millions of dollar outflow

NPC: Over $9b from petchem exports returned to national economy

World crude oil prices today, March 4, 2025

Brent crude oil price fell to $70.72 cents

Iranian crude oil OSP for March announced by NIOC

Investment in Band Karkheh oil field development approved by Economic Council

Sustainable gas production attributed to SP employees’ efforts

World crude oil price today March 3, 2025

Brent crude oil price rose to $73

Turkey wants Iraq-Turkey pipeline to work at maximum capacity, minister says

India builds world’s longest LPG pipeline to cut costs & deadly road accidents

Over 6 bcm of natural gas delivered to national grid in seven days

Bandar Imam Petrochemical Company exports grow by 44%

Bid Boland Gas Refinery takes steps to reduce gas flaring

India’s oil imports from Russia plunge to lowest in two years

866 mcm of natural gas delivered to national grid

World crude oil price today February 28, 2025

Brent crude oil price fell to $72.85

High spot LNG prices a concern for Indian Gas companies: JM Financial

Working under sanctions is challenging, but solutions exist: PGPIC