Iranian Oil Minister Javad Owji on Wednesday said the country’s liquefied petroleum gas (LPG) exports have increased around 20 percent in the current Iranian calendar year (starting March 21, 2023).
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Iran’s Oil Minister Javad Owji and visiting Iraqi Minister of Electricity Ziyad Ali Fazel explored all avenues to develop the two neighboring states’ relations in the energy sector on Wednesday night.
India’s state-run Oil and National Gas Corp said it witnessed a drop in oil and gas output in July-September due to lower volumes from matured fields and weather-related disruptions, but production from new projects in coming quarters would more than offset that decline.
In November, Turkiye set a new record for importing the highest amount of Russian oil, according to Reuters.
Ariassol Polymer Company was introduced as an innovative knowledge-based company by the Vice President of Science and Technology.
Iran produced 3.115 million barrels per day (bpd) of crude oil in October, registering a 46,000-bpd increase compared to the previous month, according to OPEC’s latest monthly report.
Implementation of new projects in southern Iran has added some 30,000 barrels a day (b/d) to Iran’s oil production, according to an official with the knowledge of the matter.
Bushehr Petrochemical Complex with the prospect of being the largest petrochemical complex in the region for the production of olefinic, polyolefinic, methanol, sulfur, ethylene glycols and acid products is being completed and operated.
India's state-run Oil and Natural Gas Corporation (ONGC) could finally see first oil production from a $5-billion deepwater project in November, three years after the initial timeline.
Japanese petrochemical producer Mitsui Chemicals has obtained International Sustainability and Carbon Certification Plus (ISCC Plus) for its bio-naphtha-based toluene diisocyanate (TDI), allowing it to supply the new low-carbon products.
The volume of trade exchanges between Iran and the Eurasian Economic Union (EAEU) member states in the first seven months of the current Iranian calendar year (started March 21, 2023) reached $4.2 billion.
Wars almost always bring upheavals in securities, currencies, and commodities. The lack of impact from the Israel-Hamas war has been remarkable, even puzzling, especially for oil, which might be expected to have been affected most directly by the risk of a wider conflict in the Middle East.
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