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US – Saudi consortium advances plans for $5 billion Gulf refinery

2 months ago

29 July 2026

8:17 AM

The MERA Oil consortium of U.S. and Saudi Arabian companies is advancing plans for a $5 billion integrated refinery and export corridor in the ‌Gulf aimed at boosting regional energy infrastructure, its partners said on Wednesday, as the Iran war continues to disrupt energy flows.

Operator projects set to save nearly 1bcm of gas annually

2 months ago

29 July 2026

8:10 AM

The CEO of the National Iranian Gas Company (NIGC), Saeid Tavakoli, announced that projects implemented by Operator companies are expected to save approximately 980 million cubic meters of natural gas annually.

Iran-Pakistan border development: New horizons for trade, regional connectivity

2 months ago

29 July 2026

8:06 AM

Recent agreements between Iran and Pakistan represent a significant turning point in bilateral economic relations, with the shared border regions—particularly Iran's Sistan-Baluchestan province—emerging as the primary focal point for enhanced cooperation. With approximately 930 kilometers of shared border, Sistan-Baluchestan stands as Iran's only province with a land border with Pakistan, making it an indispensable gateway for bilateral exchanges.

Global Crude Oil Prices on July 28, 2026 / Brent Crude Falls to $86.61

2 months ago

28 July 2026

9:32 AM

Brent crude futures fell $1.75, or 1.98%, to $86.61 a barrel. U.S. West Texas Intermediate (WTI) crude futures declined $1.26, or 1.53%, to $81.35 a barrel.

India plans up to quarter of 2027 LPG imports from US, sources say

2 months ago

28 July 2026

9:22 AM

India plans to buy up to a quarter of its liquefied petroleum gas imports from the United States in ‌2027, a move that would cut its reliance on the Middle East and support efforts to secure a trade deal with Washington, three sources with knowledge of the matter said.

NIGC launches major gas-saving initiative

2 months ago

28 July 2026

9:12 AM

The head of the National Iranian Gas Company (NIGC) said the government's new "Operator Companies" initiative is one of the country's largest efforts to address the imbalance between natural gas supply and demand by improving energy efficiency and reducing consumption.

Kharg Oil Terminal speeds up strategic infrastructure projects

2 months ago

28 July 2026

9:08 AM

The CEO of the Iranian Oil Terminals Company emphasized accelerating the implementation of development and infrastructure projects at the Kharg Oil Terminal, describing them as essential to ensuring stable oil exports, safeguarding national assets, and strengthening the country's energy security.

First smartification project of oil fields to be implemented in Darkhovin

2 months ago

28 July 2026

9:03 AM

The CEO of Arvandan Oil and Gas Company announced: The first smartification project of the country's oil fields will soon be implemented in the Darkhovin field.

Global crude oil prices today (July 27, 2026) / Brent crude falls to $91.08

2 months ago

27 July 2026

10:27 AM

Brent crude futures fell $5.70, or about 5.9%, to $91.08 a barrel. U.S. West Texas Intermediate (WTI) futures dropped $4.80, or roughly 5.4%, to $84.51 a barrel.

Oil tanker explodes in Hormuz Strait after hitting mine

2 months ago

27 July 2026

4:15 AM

An oil tanker in the Strait of Hormuz, which had turned off its radar system, exploded after hitting a mine in the Strait of Hormuz.

Pressure boosting plan in “Hub 1” of South Pars gas field kicks off

2 months ago

27 July 2026

4:09 AM

The pressure boosting plan for "Hub 1" of the joint South Pars gas field has entered the implementation phase with the aim of maintaining production capacity, preventing reservoir pressure drop, resolving the country's gas imbalance, and safeguarding Iran's share in this gas field.

US Receives First Iraqi Fuel Oil Cargoes via Syria

2 months ago

26 July 2026

10:55 AM

The US has imported fuel oil of Iraqi origin shipped through Syria for the first time, marking a new milestone in Iraq’s efforts to diversify its export routes amid ongoing disruptions to Gulf shipping caused by the Iran war.

Lawmaker praises Oil Ministry’s smart energy management push

2 months ago

26 July 2026

10:49 AM

Oil Ministry has made significant progress in strengthening the country's smart energy management system by expanding digital infrastructure and integrating key energy data platforms, according to the deputy head of Parliament's Energy Committee.

Argent LNG wins US approval for exports to nations with free-trade agreements

3 months ago

25 July 2026

1:28 PM

The U.S. Department of Energy ‌has authorized Argent LNG to export liquefied natural gas from its proposed Louisiana export terminal to countries that have free-trade agreements with the U.S., giving the developer a key federal approval as it works toward a final investment decision on the project.

Iran’s first geothermal power plant connected to national electricity grid

3 months ago

25 July 2026

4:07 AM

The Minister of Energy said: The Meshgin-Shahr geothermal power plant in Ardebil, with a capacity of five megawatts and an investment of 10 million euros, has been connected to the national electricity grid and has entered the cycle of electrical energy generation.

Global Crude Oil Prices Today (July 24, 2026) / Brent Crude Falls to $96.70

3 months ago

24 July 2026

11:40 AM

Brent crude futures fell nearly $4, or 3.96%, to $96.70 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $3.15, or 3.42%, to $89.04 a barrel.

Asia LNG hits four-month high on fears of wider Mideast shipping disruption

3 months ago

24 July 2026

11:28 AM

Asia spot liquefied natural gas prices rose for a fifth consecutive week to their highest in four months on fears of wider shipping disruptions, as Houthi attacks on ‌Saudi oil tankers extended the Middle East war to a second major chokepoint.

NPC calls for structural overhaul, names new HR chief

3 months ago

24 July 2026

11:22 AM

The caretaker of the National Petrochemical Company (NPC) said Wednesday the company must overhaul its structural model and improve internal processes as part of a broader push to strengthen its governance role.

Global Crude Oil Prices Today (July 23, 2026) / Brent Crude Rises to $98.59

3 months ago

23 July 2026

10:49 AM

Brent crude oil futures rose $4.52 (4.80%) to $98.59 per barrel. U.S. West Texas Intermediate (WTI) crude futures gained $3.39 (3.90%) to $90.22 per barrel.

Buyers to press Qatar, UAE for cheaper, more flexible LNG deals after Hormuz shock

3 months ago

23 July 2026

10:23 AM

Asian and European buyers of liquefied natural gas (LNG) plan to ask for lower prices and additional supply guarantees from Qatar and the United Arab Emirates as the U.S.-Iran war raises insurance costs on those deliveries, buyers, traders and industry ‌executives told Reuters.

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Latest News of Oil, Gas and Petrochemical industry

TOP NEWS Feed Atom

US – Saudi consortium advances plans for $5 billion Gulf refinery

Operator projects set to save nearly 1bcm of gas annually

Iran-Pakistan border development: New horizons for trade, regional connectivity

Global Crude Oil Prices on July 28, 2026 / Brent Crude Falls to $86.61

India plans up to quarter of 2027 LPG imports from US, sources say

NIGC launches major gas-saving initiative

Kharg Oil Terminal speeds up strategic infrastructure projects

First smartification project of oil fields to be implemented in Darkhovin

Global crude oil prices today (July 27, 2026) / Brent crude falls to $91.08

Oil tanker explodes in Hormuz Strait after hitting mine

Pressure boosting plan in “Hub 1” of South Pars gas field kicks off

US Receives First Iraqi Fuel Oil Cargoes via Syria

Lawmaker praises Oil Ministry’s smart energy management push

Argent LNG wins US approval for exports to nations with free-trade agreements

Iran’s first geothermal power plant connected to national electricity grid

Global Crude Oil Prices Today (July 24, 2026) / Brent Crude Falls to $96.70

Asia LNG hits four-month high on fears of wider Mideast shipping disruption

NPC calls for structural overhaul, names new HR chief

Global Crude Oil Prices Today (July 23, 2026) / Brent Crude Rises to $98.59

Buyers to press Qatar, UAE for cheaper, more flexible LNG deals after Hormuz shock