TOP NEWS Feed Atom

Unprecedented growth ahead for Iran’s petchem industry by 2028

3 months ago

8 September 2025

3:57 AM

The capacity of Iran’s petrochemical industry is set to jump by 35 million tons, reaching 131.5 million tons by the end of the Seventh Development Plan through the completion of 66 projects. This growth will not only expand output but also significantly enhance Iran’s global position in the sector.

Iraq in talks with ExxonMobil on Asian refining capacities

3 months ago

7 September 2025

4:46 AM

Iraq's state oil company SOMO is in advanced talks with ExxonMobil over a possible agreement to secure storage capacity in Singapore using tanks owned by the US oil major, the Iraqi state news agency INA said on Saturday.

Isfahan Refinery upgrades kerosene to Euro-5 standard

3 months ago

7 September 2025

4:13 AM

The CEO of Isfahan Oil Refining Co. said Thursday that the refinery has completed a project to upgrade kerosene from Euro-2 to Euro-5 standards, adding that the current unit has a daily capacity of 19,000 barrels with potential for expansion.

Active participation of petchem industry paves way for environmental pollution reduction

3 months ago

7 September 2025

4:08 AM

The head of the Department of the Environment stated that the country's petrochemical industry has recognized the inevitability of moving towards environmental conservation.

India Vows to Keep Buying Russian Crude Oil

3 months ago

6 September 2025

12:19 PM

India will continue buying crude from Russia as it looks to cater to its interests, Indian Finance Minister Nirmala Sitharaman said on Friday, amid U.S. pressure over India's Russian crude purchases.

Petchem output hits 32m tons in 5 months, $5.5b exported

3 months ago

6 September 2025

3:55 AM

Iran produced 32 million tons of petrochemical products in the first five months of the current Iranian year to late August, with 13 million tons worth $5.5 billion exported, the head of the National Petrochemical Company (NPC) said.

Iran to digitize oil tanker fleet within 2 years, refining company says

3 months ago

6 September 2025

3:49 AM

National Iranian Oil Refining and Distribution Company (NIORDC) has launched a major digital transformation program to modernize its supply chain, with all domestic oil tankers set to be equipped with real-time monitoring systems within two years, a senior official said.

World crude oil prices today, September 05, 2025 / Brent oil price fell to $66.64 cents

3 months ago

5 September 2025

11:57 AM

Brent crude futures fell 35 cents, or 0.5 percent, to $66.64 a barrel, while U.S. crude and gas futures fell 33 cents, or 0.5 percent, to $63.15.

Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources

3 months ago

5 September 2025

11:46 AM

Top Indian refiner Indian Oil Corp skipped the purchase of U.S. oil in its latest tender and instead bought 2 million barrels of West African and a million barrels of Middle Eastern grade, trade sources said on Friday.

SPGC undergoes major upgrades, overhaul to ensure stable winter supply

3 months ago

5 September 2025

10:41 AM

The National Iranian Gas Company (NIGC) is carrying out major maintenance, equipment upgrades, and staff training at its South Pars Gas Complex to ensure stable gas production during the cold season.

NIORDC: Cooperation key for refining growth

3 months ago

5 September 2025

10:37 AM

The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) emphasized the necessity of securing financial resources and comprehensive inter-agency cooperation to sustain the refining industry's development.

Iran produces 32m tons of petrochemicals in five months, Exports $5.5b Iran produces 32m tons of petrochemicals in five months, Exports $5.5b

3 months ago

4 September 2025

4:10 AM

Iran produced 32 million tons of petrochemical products from March 21 through August 22 despite challenging conditions, the head of the National Petrochemical Company said Wednesday.

Energy, Iran-Russia Main Bridge

3 months ago

4 September 2025

4:04 AM

Russia and Iran jointly hold over 37% of global gas reserves, with Russia holding 19% and Iran 17.1%, respectively.

World crude oil prices today, September 03, 2025 / Brent oil price fell to $68.18

4 months ago

3 September 2025

11:20 AM

Brent crude fell 96 cents, or 1.4 percent, to $68.18 a barrel. U.S. West Texas Intermediate crude fell $1.02, or 1.6 percent, to $65.57 a barrel.

Zimbabwe Grants National Status to Cabora Bassa Gas Project

4 months ago

3 September 2025

6:11 AM

Zimbabwe’s Ministry of Finance has granted National Project Status (NPS) to the Cabora Bassa Gas Project, recognizing its strategic role in boosting economic growth and energy security. The designation, along with a finalized Petroleum Production Sharing Agreement between the government and developer Invictus Energy, paves the way for accelerated development through tax incentives, streamlined permitting, and priority access to infrastructure.

China and India look to Russia for oil and gas

4 months ago

3 September 2025

4:12 AM

China and Russia are negotiating a deal for a massive natural gas pipeline, bolstering energy ties amid India's continued purchase of Russian crude oil amidst Trump's tariffs.

South Korea, Iran discuss ways to boost bilateral ties

4 months ago

3 September 2025

4:06 AM

South Korea's Ambassador to Iran, Kim Junpyo, and Iranian Deputy Foreign Minister Hamid Qanbari held a meeting to discuss ways to enhance bilateral relations.

World crude oil prices today, September 02, 2025 / Brent oil price rose to $69.27

4 months ago

2 September 2025

10:49 AM

Brent crude rose $1.12, or 1.6 percent, to $69.27 a barrel, while U.S. West Texas Intermediate crude rose $1.77, or 2.77 percent, to $65.78 a barrel.

Syria exports first crude oil shipment in 14 years, official says

4 months ago

2 September 2025

4:12 AM

Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official told Reuters, the first known official export of Syrian oil in 14 years.

India steps up purchases of Libyan oil shipments

4 months ago

2 September 2025

4:06 AM

Bloomberg reported Sunday that India has turned to the spot market to secure shipments of Libyan oil, amid Washington’s efforts to choke off the flow of Russian crude into the country.

RoydadNaft

Latest News of Oil, Gas and Petrochemical industry

TOP NEWS Feed Atom

Unprecedented growth ahead for Iran’s petchem industry by 2028

Iraq in talks with ExxonMobil on Asian refining capacities

Isfahan Refinery upgrades kerosene to Euro-5 standard

Active participation of petchem industry paves way for environmental pollution reduction

India Vows to Keep Buying Russian Crude Oil

Petchem output hits 32m tons in 5 months, $5.5b exported

Iran to digitize oil tanker fleet within 2 years, refining company says

World crude oil prices today, September 05, 2025 / Brent oil price fell to $66.64 cents

Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources

SPGC undergoes major upgrades, overhaul to ensure stable winter supply

NIORDC: Cooperation key for refining growth

Iran produces 32m tons of petrochemicals in five months, Exports $5.5b Iran produces 32m tons of petrochemicals in five months, Exports $5.5b

Energy, Iran-Russia Main Bridge

World crude oil prices today, September 03, 2025 / Brent oil price fell to $68.18

Zimbabwe Grants National Status to Cabora Bassa Gas Project

China and India look to Russia for oil and gas

South Korea, Iran discuss ways to boost bilateral ties

World crude oil prices today, September 02, 2025 / Brent oil price rose to $69.27

Syria exports first crude oil shipment in 14 years, official says

India steps up purchases of Libyan oil shipments