The heads of petrochemical industry associations from seven Asian countries called for an international cooperation, Friday, to overcome the challenging business environment of recent years.
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Asia's imports of crude oil rose to the highest in 12 months in May, with the strength being driven by India as the region's second-biggest buyer is on track to see record arrivals.
Managing Director of the South Pars Gas Complex (SPGC) Ahmad Bahoush says a project is underway at the complex which upon its completion, the volume of gases being burnt by gas stacks will be reduced by 1.2 thousand million cubic meters annually.
The Indian government has announced a special bidding round for two discovered oil and gas fields in the Mumbai offshore region and a coal bed methane field in West Bengal.
India's Reliance Industries operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told.
Saudi Arabia, the world's biggest oil exporter, may cut prices for most crude grades it sells to Asia in July, the first cut in five months, as Middle East benchmarks and margins for Asian refiners have weakened, refining sources said.
The trade between Iran and the European Union (EU)’s member states reached €1.276 billion in the first three months of 2024, registering an eight percent growth year on year, according to the data released by the European Union's statistics office Eurostat.
India's Adani Energy Solutions said on Monday that its board has approved a fundraise of up to 125 billion rupees ($1.50 billion).
Iran has approved a plan to raise its oil output to four million barrels per day, the country's Tasnim news agency said on Sunday, without providing a time frame.
The 188th Meeting of the OPEC Conference, the 54th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM) will convene via videoconference on Sunday, 2 June 2024.
Pipeline operators in Poland and Russia agreed on a solution that will allow Kazakh oil transit to Germany to continue, removing a risk that it would stop in June, sources familiar with the matter told Reuters.
Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade sources and analysts said.
India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed.
Abu Dhabi National Oil Company (ADNOC) has bought Galp's 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in Mozambique's Rovuma basin, its fourth international foray into gas.
The director general of the Mediterranean and Eastern Europe Department of Iran’s Ministry of Foreign Affairs said the Iran-Turkey Joint Economic Cooperation Committee meeting will be held in the coming days to bolster bilateral ties in trade and economy.
During a talk show on IRIB channel 1 on Tuesday evening, Iranian Minister of Petroleum, Javad Owji, explained how the late president, Ayatollah Ibrahim Raisi, was serious about developing oil industry projects.
India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed.
The National Iranian Oil Refining and Distribution Company (NIORDC) has launched a monitoring center to oversee all the processes pertaining to production, transfer and distribution of oil products.
IndianOil exported its first 100 octane premium fuel, XP100, from JNPT in Navi Mumbai, marking a significant move to conquer new Sri Lankan markets.
Head of the National Iranian Gas Company Dispatching Department Saeed Aghili has said gas supply to the country’s power plants increased by 11 percent in the previous Iranian calendar year compared to the year before.