Arvand Petrochemical Company, which has previously localized dozens of equipment, catalysts, and chemicals, has successfully designed and produced an electric heater used in its sulfuric acid concentration unit in collaboration with domestic experts.
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A tanker carrying Russian crude for state-run Indian Oil Corp. has been denied entry to a local port due to a lack of proper documentation on its seaworthiness, according to people familiar with the development.
The National Petrochemical Company (NPC) is focusing on attracting new investments in the new Iranian calendar year to boost production and complete the value chain.
India is considering removing US import taxes on liquefied natural gas to boost energy imports, a key priority in their strategic partnership.
NPC's investment management department aims to boost output and complete the value chain by attracting new investments in the "Year of Investment for Production."
Indian port authorities denied entry to an ageing tanker loaded with Russian crude on Thursday due to inadequate documentation, sources familiar with the matter said, an unusual move that indicates tightened scrutiny of vessels carrying Russian oil.
Iranian Energy Minister Abbas Aliabadi said that the country’s power plant industry is being prepared for the attraction of private sector investment.
The extruder unit of Ilam's Arghavan Gostar Petrochemical Project has reached its final testing phase.
World crude oil price today March 27, 2025
Brent crude futures fell 23 cents, or 0.3 percent, to $73.56 a barrel. U.S. West Texas Intermediate crude fell 21 cents, or 0.3 percent, to $69.44.
Reliance Industries, India's largest refining complex operator, will halt Venezuelan oil imports following the US's 25% tariff on crude oil purchases from the South American nation.
Saudi Aramco is in discussions to invest in two planned refineries in India, seeking a stable crude outlet in the fastest-growing emerging market.
Iran’s oil minister emphasized the need for vigilance against provocations by the two countries' enemies during a phone call with his Iraqi counterpart.
World crude oil price today March 26, 2025
Brent crude futures rose 49 cents, or 0.67 percent, to $73.51 a barrel, while U.S. West Texas Intermediate crude rose 48 cents, or 0.70 percent, to $69.48 a barrel.
Indian state-owned ONGC plans to diversify into refining, petrochemicals, LNG trading, and renewable energy amid a potential crude supply glut.
The manager of the North Region Oil Pipelines and Telecommunications Company announced the continued readiness and efforts of staff to supply oil products to Mazandaran province and maintain preventive storage in recent weeks through the end of the holiday season.
World crude oil price today March 25, 2025
Brent crude futures rose 46 cents, or 0.6 percent, to $73.46 a barrel. U.S. West Texas Intermediate crude rose 46 cents, or 0.7 percent, to $69.57.
India’s largest explorer Oil and Natural Gas Corp. is seeking to diversify its portfolio to shield its core business from volatile oil prices, said Arunangshu Sarkar, director for strategy at the state-run giant.
World crude oil price today, March 24
Brent crude futures rose 36 cents, or 0.5 percent, to $72.52 a barrel. U.S. West Texas Intermediate crude rose 40 cents, or 0.6 percent, to $68.68.
Indian refiners are expected to decrease spot crude tenders as Russian oil supplies return to normal levels, easing supply concerns despite US sanctions.
The managing director of Persian Gulf Star Oil Company reported a four million liter increase in daily gasoline production in Iran's Persian Gulf Star Refinery during the second half of 2024.
