The Islamic Republic of Iran Customs Administration says Iran intends to increase annual trade with the Eurasian Economic Union to $10 billion within less than two years.
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Iran’s oil minister said the country’s oil production has risen to over 3 million barrels per day (mbd) in the past 20 months ago.
Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest…
The document on development and completion of value chain of petrochemical industry was unveiled in the presence of Oil Minister Javad Owji and National Petrochemical Company (NPC)…
Saudi Aramco is now the world’s second-largest company in the world after overtaking Microsoft.
While Apple remains the world’s largest company, Saudi Aramco reported…
Figures by the statistics office of the European Union (Eurostat) show that Iran has exported more than 1.567 billion cubic meters of natural gas to Turkey in…
Iran’s National Petrochemical Company (NPC) managing director on Monday said the gap between the industry’s real output and installed capacity will be reduced.
Delivering…
The 14th Iran Petrochemical Forum (IPF) kicked off at IRIB International Conference Center (IICC) here on Monday.
Focusing on value chain and new opportunities,…
To date, Azerbaijan has oil reserves estimated at some 7 billion barrels and produces over 800,000 bpd. Most of this is exported as the country’s…
Iran’s Arya Sasol Polymer Company has moved toward developing its export marketing plan, said the ASPC managing director on Sunday.
Mohammad-Reza Heidarzadeh, added, “In…
The precompression units of NGL 900 and NGL 1000 plants were inaugurated via videoconference by Iran’s President Seyyed Ebrahim Raeisi in southwestern province of Khuzestan on Friday.
The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to load that could help set the price, a…
Iran’s President Seyyed Ebrahim Raeisi inaugurated the first phase of NGL 3200 plant in southwestern province of Khuzestan on Friday.
Launched in the presence…
In early February, Chief Allan Adam of the Athabasca Chipewyan First Nation in northern Alberta started fielding calls from community members after the provincial regulator revealed toxic…
Europe needs to keep cutting natural gas consumption due to the lack of Russian pipeline supply.
There are concerns about potential competition from Asia…
The global trend of substituting the US dollar with local currencies in trade transactions is speeding up as more countries are ditching the greenback.
Russian Deputy Prime Minister Alexander Novak said on Wednesday that OPEC+, the group of leading oil producers, remains an efficient tool for coordination on global oil markets.
More than 1,500 Iranian and Foreign companies will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2023), which will be…
The value of export from Pars Special Economic Energy Zone (PSEEZ) in the southwestern Bushehr province increased by 31 percent in the past Iranian calendar year 1401…
The managing director of Iran’s National Petrochemical Company (NPC) on Monday announced that one petrochemical project will be inaugurated on average each month of the current Iranian…