The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify target markets and identify opportunities and challenges for the development of Iran’s petrochemical industry over the next 20 years.
TOP NEWS Feed Atom
World crude oil price today March 17, 2025
Brent futures rose 72 cents, or 1 percent, to $71.30 a barrel, while U.S. West Texas Intermediate crude rose 59 cents, or 0.9 percent, to $67.77.
One worker was killed and three other were injured in an explosion at an oil refinery in Russia's city of Ryazan, TASS and RIA news agencies reported.
India’s state-owned oil companies are looking to partner with international energy firms once new legislation aimed at attracting investment and advanced technology in oil and gas exploration is approved.
United States has maintained its sanctions waiver allowing Iraq to continue purchasing natural gas from Iran, an advisor to the Iraqi prime minister said.
Exports of liquefied natural gas from Alaska could begin by 2030, Alaska Governor Mike Dunleavy said on Friday.
India's current renewable energy capacity additions are insufficient to meet its ambitious targets, impacting global energy markets and emissions.
A 3D seismic survey is underway in the East Paydar oil field, meticulously planned and supervised by the Petroleum Engineering and Development Company (PEDEC).
The spokesperson for the Ministry of Foreign Affairs strongly condemned the US action to sanction several individuals, including the oil minister of the Islamic Republic of Iran, as well as multiple oil tankers and commercial companies.
World crude oil price today March 14, 2025
Brent crude rose 70 cents, or 1 percent, to $70.58 a barrel. U.S. West Texas Intermediate crude rose 73 cents, or 1.1 percent, to $67.28 a barrel.
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow, multiple trade sources said.
India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions, data from trade sources shows.
Arvand Petrochemical, the largest producer of PVC and chlorine chains in West Asia, has achieved a historic production record for EPVC this Iranian year, eliminating the need for the country to import five specialized grades.
World crude oil price today March 13, 2025
Brent crude fell 3 cents to $70.92 a barrel, while U.S. West Texas Intermediate crude fell 8 cents to $67.60 a barrel.
The deeply integrated North American oil and gas market stands at crossroads, with Canada's largest oil producer warning that it will diversify its exports away from the United States if President Donald Trump's tariff threats do not end.
India has passed legislation intended to encourage oil and gas exploration to help meet its energy needs, a move that highlights the difficulty of persuading the world’s most populous nation to phase out fossil fuels.
World crude oil prices today, March 12, 2025
Brent futures rose 13 cents, or 0.2 percent, to $69.69 a barrel, while U.S. West Texas Intermediate crude rose 13 cents, or 0.2 percent, to $66.38 a barrel.
China National Petroleum Corporation and India's ONGC Videsh Ltd plan to invest in Nigeria's oil and gas industry due to regulatory reforms and the country's vast reserves.
Iran has brought the first well from a 35-well infill drilling project at the South Pars gas field into production, aimed at maintaining output levels, the managing director of Pars Oil and Gas Company (POGC) said.
The exploration director of the National Iranian Oil Company (NIOC) announced the completion of the largest two- and three-dimensional land-sea seismic survey project in the Paniz region of Khuzestan province, utilizing wireless technology.