Oil India Limited has signed a Memorandum of Understanding with Mineral Exploration and Consultancy Limited to collaborate on the exploration and development of critical mineral blocks in India and overseas.
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The CEO of the Pars Special Economic Energy Zone (PSEEZ) highlighted the government's emphasis on reducing gas flaring, stating that the South Pars Gas Complex is undertaking a €200 million project.
The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.
The project manager for the Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields announced the launch of a crude oil collection unit at the evaporation pond facilities of the Cheshmeh Khosh oil field.
From March 2024 to February 2025, over 182 billion cubic meters of gas were sent from the South Pars Gas Complex to the national grid for domestic consumption.
The manager of the South Pars Fifth Refinery announced the localization of 384 strategic equipment by the refinery’s employees and experts, utilizing the creative and innovative capacities of domestic specialists.
The United States jumped to the fifth-largest supplier to India, with imports tripling from December to January, and India plans to further increase US oil and gas imports.
The deputy chairman of the Special Committee for Supporting Production and Monitoring General Policies announced that with approval of a financing law, investment projects in the strategic South Pars region will be supported.
Arvand Oil CEO signs $50 million contract with Vice Presidency for Science and Technology to address extraction challenges and indigenize hydraulic fracturing technologies, marking start of operational efforts.
India's Oil and Natural Gas Corp is seeking joint venture partners to build very large ethane carriers (VLECs) to ship feedstock for its petrochemical plant in western India, according to a document posted on the company's website.
The CEO of NPC announced that 14 flares will be extinguished by March 20 under a plan by Persian Gulf Bidboland Gas Refining Company to collect flare gases in East Karoun.
head of the Energy Committee of the Iran’s Parliament stated that efforts are underway to resolve the challenges and obstacles facing the Abadan Petrochemical Company, emphasizing that its production is a critical national need.
World crude oil price today February 19, 2025
Brent crude futures rose 60 cents, or 0.8 percent, to $76.44 a barrel. U.S. West Texas Intermediate crude futures rose 63 cents, or 0.9 percent, to $72.48.
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.
Amid persistent cold weather and despite the consumption of 622 million cubic meters (mcm) of natural gas by the residential, commercial, and small industrial sectors, approximately 137 mcm of gas were delivered to power plants yesterday.
The deputy for international affairs and commerce at Iran’s Ministry of Oil emphasized the need for Caspian Sea littoral states to enhance their cooperation in oil and gas.
The caretaker of Iran Gas Engineering and Development Company announced the injection of gas into the 90-120 kilometer section of the 42-inch Minab-Sirik gas pipeline.
World crude oil price today, February 18, 2025
Brent crude futures gained 23 cents, or 0.3%, to $75.45 per barrel at 0758 GMT.U.S. West Texas Intermediate crude futures were up 75 cents from Friday's close at $71.49 a barrel.
US President Donald Trump’s recent proposal to sell more oil and gas to India could significantly reduce New Delhi’s purchases of discounted Russian oil, thought to be funding Moscow’s war with Ukraine.
Iran's masterbatch and polymer compound exports increased by 100% in the past year, according to an official from the Industry, Mining, and Trade Ministry.