The CEO of the Petroleum Engineering and Development Company (PEDEC) announced a target to increase daily oil processing capacity to 820,000 barrels in West Karoun Oil Fields.
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Iran's oil minister, Mohsen Paknejad, will chair the 26th Ministerial Meeting of the Gas Exporting Countries Forum in Tehran, where the world's largest gas exporters will gather.
World oil price today, December 3, 2024
Brent crude futures rose 76 cents, or 1.06%, to $72.59 a barrel by 1131 GMT, while U.S. West Texas Intermediate crude climbed 75 cents, or 1.1%, to $68.85.
India plans to increase its refinery capacity from 256.8 MMTPA to 310 MMTPA by 2028, with ethanol blending in petrol set to reach 20% by next year.
The CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, outlined the petrochemical industry's performance during the first 100 days of the 14th government's activities.
Global crude oil prices today, December 2, 2024
Brent crude futures climbed 84 cents, or 1.17%, to $72.68 a barrel by 1203 GMT while U.S. West Texas Intermediate crude was at $68.79 a barrel, up 79 cents, or 1.16%.
India’s Oil and Natural Gas Corporation (ONGC) is talking to domestic shipyards regarding the construction of two offshore jackup drilling rigs worth about $500-550m.
Iranian President Masoud Pezeshkian congratulated Parliament members on Majlis Day, promising to overcome challenges through empathy, companionship, and exchange of views.
Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday.
The acting head of technical inspection at Arvandan Oil and Gas Company has announced a significant increase in production capacity at the South Azadegan oil field.
The CEO of the National Iranian Oil Company (NIOC) boasted of the 14th administration's oil industry achievements over the first 100 days in office, especially setting a new record concerning daily natural gas production.
Ebrahim Piramoun, the Managing Director of NISOC, has announced the completion of three major gas recovery projects by late March 2025.
Iranian Minister of Petroleum Mohsen Paknejad says imposing restrictions on gas delivery to the household sector is a red line.
The world price of crude oil today, November 29, 2024
Brent crude was down 45 cents, or 0.6 percent, at $72.83 a barrel. West Texas Intermediate crude oil futures reached $68.68.
India is expected to be at the forefront in terms of the trunk/ transmission oil and gas pipeline network additions in Asia, accounting for more than 40% of the region’s total pipeline length additions by 2028, says GlobalData.
The 14th administration aims to boost Iran's oil industry, with Minister of Petroleum Mohsen Paknejad aiming to increase daily oil production by 400,000 barrels until March 2025.
The global price of crude oil today, November 28, 2024
Brent crude futures edged up by 8 cents to $72.91 a barrel by 0955 GMT while U.S. West Texas Intermediate crude futures were up 7 cents at $68.79.
Indian Prime Minister Narendra Modi has emphasized Guyana's importance to India's energy security, stating that the country's light and sweet crude is a key source and will encourage Indian businesses to invest in it.
Iran Petroleum's report examines the performance and future of the petrochemical sector, highlighting its significant role in job creation, economic growth, and foreign currency revenues.
The world price of crude oil today, November 27, 2024
Brent crude futures rose 38 cents, or 0.52%, to $73.19 a barrel by 1144 GMT and U.S. West Texas Intermediate crude was up 39 cents, or 0.57%, at $69.16.