The director of production and operations at Pars Oil and Gas Company announced the successful completion and operation of the well pressure equalization project on South Pars platforms, aimed at improving the restart process of wells after production shutdowns and reducing the time required to resume output.
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Brent crude fell $1.73, or 2.7 percent, to $63.49 a barrel. U.S. West Texas Intermediate crude fell $1.71, or 2.8 percent, to $59.80.
The United States expects that in the near future India will increase imports of US oil, reducing purchases from Russia. This was stated by the U.s's Treasury Secretary Scott Besant in an interview with the Fox News channel.
The head of Iran’s National Standards Organization (INSO) met with Rwanda’s Minister of Trade and Industry to discuss expanding cooperation through the harmonization of standards, conformity assessment, and laboratory accreditation.
Brent crude fell 12 cents to $66.13 a barrel. U.S. West Texas Intermediate crude fell 14 cents to $62.41.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors.
Brent crude futures rose 82 cents, or 1.3 percent, to $66.27 a barrel. U.S. West Texas Intermediate crude rose 85 cents, or 1.4 percent, to $62.58.
After doubling tariffs on Indian goods to 50%, U.S. President Donald Trump is offering India expanded U.S. oil and gas supplies as part of a broader deal.
The site for constructing the onshore refinery of the joint Farzad B gas field has been finalized using advanced scientific methods and comprehensive environmental and technical studies, according to the project manager.
The acting head of Fajr Jam Gas Refining Company announced higher production of gas condensate and liquefied petroleum gas (LPG) during the first half of this year.
Brent crude futures fell 15 cents, or 0.23 percent, to $65.32 a barrel. U.S. West Texas Intermediate crude fell 17 cents, or 0.28 percent, to $61.52.
There is enough supply of Russian oil for Indian refiners in the market as Ukraine's attacks on Russia's energy facilities have reduced its refining capacity and made more crude available, a government official told Reuters on Monday.
The managing director of the National Iranian South Oilfields Company (NISOC) emphasized the importance of ongoing evaluations of recoverable oil and gas reserves to enable more precise planning and help achieve the goals of Iran’s Seventh Development Plan.
South Pars Gas Complex has set a new record in ethane production, with output reaching more than 2.15 million metric tons in the first half of 1404, according to the company’s managing director.
Brent crude rose nearly $1, or 1.5 percent, to $65.52 a barrel, while U.S. West Texas Intermediate crude rose 95 cents, or about 1.6 percent, to $61.83.
Indian state companies ONGC Videsh Ltd and Oil India Ltd have agreed to buy a 10 percent stake in a Mozambique gas field from India's Videocon Group for $2.48 billion, the parent company of ONGC Videsh said on Monday.
The development of Iran’s independent North Pars gas field has officially begun following the signing of a contract for the construction of the jacket for the field’s first phase, according to the project manager.
President Putin is confident India will continue importing Russian oil despite U.S. pressure and plans to boost Russian imports of Indian agricultural and medical products to balance trade, directing his government to explore suitable proposals.
Iran plans to operationalize 948 kilometers of gas transmission pipelines and three new compressor stations this Iranian calendar year, while also expanding the Sarajeh gas storage facility, according to the head of the Iranian Gas Engineering and Development Company.
Gas injections into Iran's underground storage facilities have increased by 13 percent compared to last year to ensure a stable gas supply throughout the winter.
