The Iranian Vice-Presidency for Science, Technology and Knowledge-Based Economy launched the development of small-scale solar power plants in 22 ministries by using the solar panels manufactured by the country’s knowledge-based companies.
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The record-breaking performance and resilience of Iran’s gas transmission network in harsh conditions demonstrate how its pipelines and compressor stations continue operating even amid freezing weather and security threats.
Brent crude fell 41 cents, or 0.62 percent, to $65.58. U.S. West Texas Intermediate crude fell 38 cents, or 0.61 percent, to $61.41.
Reliance Industries, India’s top buyer of Russian crude, will halt its long-term import of nearly 500,000 barrels per day from Rosneft due to U.S. sanctions, potentially impacting global oil markets. The company’s massive 1.4 million bpd refining complex also sources Russian oil from the spot market.
On October 23, 2025, during the 27th Ministerial Meeting held in Doha, Qatar, members of the Gas Exporting Countries Forum (GECF) elected Philip Mshelbila as their fifth Secretary General.
Brent crude rose $2.71, or 4.3 percent, to $65.30 a barrel, while U.S. West Texas Intermediate crude rose $2.56, or 4.4 percent, to $61.06.
Indian refiners are preparing to significantly reduce Russian oil imports following US sanctions on Rosneft and Lukoil, with Reliance Industries considering a complete halt to purchases, marking a significant shift for India.
The major overhaul of the SPD3 and SPD4 gas platforms in South Pars has been completed with a total of 9,346 man-hours of work and 808 maintenance tasks carried out without incident.
The managing director of the Iranian Offshore Oil Company announced significant progress in the construction of the Abuzar oil field pipeline project, saying a new phase of the field’s development will begin soon if current progress continues.
Brent crude futures rose $1.24, or 2.0 percent, to $62.56 a barrel, while U.S. West Texas Intermediate crude futures rose $1.20, or 2.1 percent, to $58.44.
INDIA and the United States are nearing a long-stalled trade agreement that would reduce US tariffs on Indian imports to 15 per cent to 16 per cent from 50 per cent, India’s Mint reported on Wednesday citing three people aware of the matter.
Iraq and Turkmenistan signed a memorandum of understanding (MoU) on energy cooperation and gas imports during the fourth round of political consultations in Baghdad on Monday, aimed at addressing the two countries’ energy needs.
Iran’s representative has attended the main meeting of the Financial Action Task Force (FATF) in Paris for the first time in six years, following an official invitation from the global anti-money laundering body.
Brent crude futures were unchanged at $61.01 a barrel. U.S. West Texas Intermediate (WTI) crude for November delivery fell 15 cents to $57.37.
Indian company Reliance Industries is gradually increasing purchases of Middle Eastern oil and is ready to place more orders in the near future, Bloomberg reports.
The National Iranian Gas Company is fully prepared for the winter season and will ensure stable gas transmission nationwide through effective management and operational transformation, the company’s managing director, Saeed Tavakkoli, said.
Bu Ali Sina Petrochemical Complex has successfully completed a major overhaul of key reactors in its aromatic and paraxylene units without halting production, enhancing equipment reliability and operational efficiency.
Brent crude futures fell 18 cents, or 0.3 percent, to $61.11 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.3 percent, to $57.37.
U.S. President Donald Trump on Sunday warned that India will continue facing steep tariffs on its exports to the United States until it fully halts purchases of Russian oil a stance that has emerged as a key sticking point in the countries’ ongoing trade talks.
Sistan-Baluchestan Power Distribution Company plans to install 5,000 five-kilowatt solar systems by late 2026, aiming to increase renewable energy capacity to 1,000 megawatts in Iran within two years.