The Ministry of Oil's deputy highlighted the crucial role of the private sector in advancing the oil industry's objectives, emphasizing the country's reliance on oil.
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Brent crude futures rose 1 cent to $70.05 a barrel, while U.S. West Texas Intermediate crude fell 2 cents to $66.69.
GAIL, India's largest gas distributor, has launched a swap tender for six U.S.-loaded LNG cargoes for 2026 in exchange for six delivered shipments to India.
Iran’s Supreme Economic Council has approved a $3.2 billion investment from the National Development Fund (NDF) to support the construction of 7,000 megawatts of solar power capacity, with a focus on rooftop units, officials said on Monday.
The South Azadegan oil field drilling project, completed through collaboration with NIDC and PEDEC, has been handed over to the employer for operation.
Brent crude futures rose 20 cents, or 0.29 percent, to $68.64 a barrel, while U.S. West Texas Intermediate crude rose 15 cents, or 0.23 percent, to $65.31 a barrel.
India’s Commerce Minister Piyush Goyal announced that trade talks with the U.S., EU, and Oman are in advanced stages, with the FTA with Oman nearly finalized and discussions with the U.S. and EU progressing swiftly.
Ukraine’s state-owned oil and gas major Naftogaz has signed its first deal with Azerbaijan’s SOCAR to import natural gas via the Transbalkan route, it said on Monday.
The CEO of Pars Oil and Gas Company announced the commissioning of the third well ring in the infill drilling project at the South Pars gas field, stating that daily gas extraction capacity has increased by 1.6 million cubic meters.
The overhaul of Phase 10 of the South Pars Gas Refinery has been successfully completed, marking a major step toward improving operational efficiency and process stability, according to the plant’s director.
Central European Petroleum, a Canadian company, has discovered 200 million barrels of recoverable oil and gas at the Wolin East well in Poland, marking the largest petroleum discovery in Northern Europe in over a decade.
Qatar, a major global LNG supplier, has criticized the European Union's corporate sustainability due diligence directive, threatening to redirect its gas exports away from the bloc if the law is not further revised, arguing it undermines its national policies.
Iran exported petrochemical products valued at $4.684 billion during the first quarter of the current Iranian calendar year (March 21-June 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
BW LPG India secured a $215 million loan to refinance debt and acquire two modern VLGCs, aiming to renew its fleet amid rising demand for cooking gas.
Iran's deputy oil minister emphasizes balanced development, value chain completion, and crisis preparedness in Asaluyeh's petrochemical sector, the country's main energy hub on the Persian Gulf coast.
The National Iranian Gas Company (NIGC) has launched its first smart gas network project in Khorasan Razavi Province, deploying 22 sensors across 114 critical locations for real-time monitoring and intelligent infrastructure management.
The value of trade between Iran and India stood at $652 million in the first four months of 2025, India's Ministry of Commerce and Industry reported.
Iran has officially launched a nationwide project to replace millions of outdated gas heaters with high-efficiency models, aiming to optimize natural gas consumption and redirect saved resources toward industrial use, officials said.
Brent crude futures rose 20 cents, or 0.29 percent, to $69.38 a barrel, the highest in a week. U.S. West Texas Intermediate crude futures rose 20 cents, or 0.30 percent, to $66.23.
Italian energy group Eni said on Friday its second-quarter earnings fell 25% year-on-year as lower oil prices and a weaker dollar overshadowed a better-than-expected performance at its gas business.