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.
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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.
The governor of Central Bank of Iran (CBI) said solar energy projects will receive immediate financing, underlining the sector’s priority for the government.
Iran’s high dependence on natural gas has made the industry particularly sensitive, the head of the National Iranian Gas Company said Thursday.
Brent crude futures rose 32 cents, or 0.5 percent, to $64.43 a barrel. U.S. West Texas Intermediate crude rose 32 cents, or 0.53 percent, to $60.80.
India is moving to secure its first long-term liquefied petroleum gas (LPG) contracts from the United States, Bloomberg reported. The move comes as Washington’s trade tensions disrupt the global supply of LPG, a key fuel for cooking and an important raw material for plastics.
Technologists from an Iranian industrial company used nanotechnology to significantly decrease flammability in the urban, rural and agricultural water transmission lines.
Iran’s Vice President and Head of the country’s Administrative and Employment Organization, in a meeting with the South Korean Ambassador to Tehran Kim Junpyo, emphasized the 14th administration's determination to develop administrative and technological cooperation with South Korea, naming government smartization and the use of artificial intelligence as key areas of this cooperation.
Brent crude futures rose 14 cents, or 0.2 percent, to $65.49 a barrel. U.S. West Texas Intermediate crude rose 14 cents, or 0.2 percent, to $61.92 a barrel.
India’s oil imports from leading supplier Russia dipped in September, but held at about a third of overall shipments in spite of a US push to curb flows it says are helping to fund Moscow’s war in Ukraine.
The international tanker market views the activation of the so-called “snapback” mechanism by three European countries, under US pressure, as having no significant effect beyond existing American sanctions, according to Lloyd’s List.