India and the U.S. are resuming trade talks this week, with New Delhi committing to increase U.S. energy and gas imports to address concerns over its Russian oil purchases, aiming for a deal to double bilateral trade to $500 billion by 2030.
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Iran and Switzerland’s private sectors are calling for stronger collaboration in non-sanctioned industries, emphasizing the key role of private enterprises in shaping future economic ties between the two countries.
Brent crude futures rose $1.08, or 1.7 percent, to $63.81 a barrel. U.S. West Texas Intermediate crude rose $1.13, or 1.92 percent, to $60.03 a barrel.
Iraq continued to be India’s second-largest crude oil supplier during September.
The Executive Secretary of Iran's 7th Solar Power Plants Conference stated that the development of solar power plants has accelerated and this trend will continue for the coming years. He predicted that the trend of interest in developing solar power plants will continue to accelerate over the next four years.
The managing director of South Pars Gas Complex reported a new record in propane and butane production in the first half of the current Iranian year, attributing this success to enhanced efficiency, optimized production processes, and the continuous efforts of the workforce.
The Pars Oil and Gas Company (POGC) has successfully completed and commissioned a well pressure equalization system across South Pars offshore platforms, significantly reducing the time and cost of restarting gas wells after shutdowns, according to a company statement.
The CEO of the National Iranian South Oilfields Company announced that the Aghajari Oil & Gas Production Company (AOGPC) has reached its maximum oil production capacity despite various challenges.
The managing director of the Iranian Gas Engineering and Development Company announced that the Sarajeh gas storage expansion project in Qom will be completed by the end of the Iranian year 1404 (March 2026), emphasizing its strategic role in ensuring stable gas supply during the cold season.
Nayara Energy, a leading Indian refinery with substantial Russian ownership, is facing challenges due to EU sanctions imposed on July 18, which have limited its access to international markets. The company has shifted its focus to domestic fuel consumption while actively seeking new export opportunities to mitigate the impact.
Iran’s polymer production capacity is set to rise to 16 million tons annually by the end of the Seventh Development Plan, marking a 7-million-ton increase fueled by new petrochemical projects and abundant oil and gas resources.
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.
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.