Iran’s Minister of Energy Abbas Aliabadi highlighted a strong private sector appetite for investment in renewable energy projects, revealing a demand exceeding 78,000 megawatts across the country.
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The CEO of the National Petrochemical Company announced the issuance of a directive to ensure production continuity in the petrochemical industry during critical and emergency conditions, aiming for stable output and meeting the needs of downstream industries.
Brent crude futures were down 12 cents, or 0.2 percent, at $69.16 a barrel after falling 0.35 percent on Friday. U.S. West Texas Intermediate crude was flat at $67.34 after falling 0.3 percent in the previous session.
India's petroleum product exports worth USD 15 billion to the European Union (EU) may be at risk as Brussels moves to restrict imports of Russian crude oil refined in third countries, economic think tank GTRI said.
Germany exported $454 million worth of non-oil products to Iran during the first quarter of the current Iranian calendar year, according to the head of the Islamic Republic of Iran Customs Administration.
Petrochemical products valued at $2.7 billion were exported from Bushehr province in the southwest of Iran during the first quarter of the current Iranian calendar year (March 21-June 21), according to a provincial official.
Iran's oil and petroleum products pipeline network is set to surpass 15,000 kilometers after major transmission projects are completed and commissioned.
The deputy speaker of Iran’s Parliament praised the operational teams at the Abadan Oil Refinery for containing the fire at Unit 70 of the facility.
India's Union Petroleum and Natural Gas Minister, Hardeep Singh Puri, hopes for a potential reduction in petrol and diesel prices, pending stable global crude oil prices for the next two to three months.
Bilateral trade between Iran and Armenia has reached nearly $1.0 billion, reflecting deepening economic ties between the two neighbors, according to Iran’s ambassador to Yerevan.
Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) has reported significant progress in the construction of 1,000 local solar power plants, each with a capacity of 3.0 megawatts, as part of a nationwide effort to expand clean energy infrastructure and enhance grid efficiency.
The head of the Iranian Parliament’s Environmental Caucus cited old vehicles as a key factor in the country’s fuel imbalance and said the caucus is reviewing the process of scrapping outdated cars and motorcycles under the Seventh Development Plan (2024-28).
manager of Refinery 10 at the South Pars Gas Complex announced that major maintenance operations have begun on July 16 and will continue until July 30.
The European Union has imposed sanctions on India's Nayara Energy's Vadinar refinery in Gujarat, as part of its 18th sanctions package targeting Russia's energy sector. The move aims to curb Russia's war budget but has sparked India's criticism of the EU's energy trade standards.
Iran’s petrochemical industry remains committed to achieving its development goals for the current year, despite disruptions caused by a 12-day conflict triggered by Israeli airstrikes, a senior official said.
Brent crude rose 73 cents, or 1.05 percent, to $70.25 a barrel. U.S. West Texas Intermediate crude rose 83 cents, or 1.23 percent, to $68.37.
State-run Oman LNG has signed a sales and purchase agreement (SPA) with Swiss-based Dutch multinational energy and commodity trader Vitol, the company revealed on May 19.
An Iranian missile attack on Israel's Haifa Bay refinery has caused estimated damages ranging between $150 million and $200 million, according to statements from Bazan Group, the facility’s operator.
Brent crude futures rose 17 cents, or about 0.3 percent, to $68.67 a barrel. U.S. West Texas Intermediate crude futures rose 31 cents, or 0.5 percent, to $66.69.
The price of Iran’s heavy crude oil climbed by $5.88, or 9.2 percent, in June compared to May, reaching $69.13 per barrel, according to OPEC’s latest monthly report.