The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.
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The United States jumped to the fifth-largest supplier to India, with imports tripling from December to January, and India plans to further increase US oil and gas imports.
The deputy chairman of the Special Committee for Supporting Production and Monitoring General Policies announced that with approval of a financing law, investment projects in the strategic South Pars region will be supported.
Arvand Oil CEO signs $50 million contract with Vice Presidency for Science and Technology to address extraction challenges and indigenize hydraulic fracturing technologies, marking start of operational efforts.
India's Oil and Natural Gas Corp is seeking joint venture partners to build very large ethane carriers (VLECs) to ship feedstock for its petrochemical plant in western India, according to a document posted on the company's website.
The CEO of NPC announced that 14 flares will be extinguished by March 20 under a plan by Persian Gulf Bidboland Gas Refining Company to collect flare gases in East Karoun.
World crude oil price today February 19, 2025
Brent crude futures rose 60 cents, or 0.8 percent, to $76.44 a barrel. U.S. West Texas Intermediate crude futures rose 63 cents, or 0.9 percent, to $72.48.
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.
Amid persistent cold weather and despite the consumption of 622 million cubic meters (mcm) of natural gas by the residential, commercial, and small industrial sectors, approximately 137 mcm of gas were delivered to power plants yesterday.
The deputy for international affairs and commerce at Iran’s Ministry of Oil emphasized the need for Caspian Sea littoral states to enhance their cooperation in oil and gas.
World crude oil price today, February 18, 2025
Brent crude futures gained 23 cents, or 0.3%, to $75.45 per barrel at 0758 GMT.U.S. West Texas Intermediate crude futures were up 75 cents from Friday's close at $71.49 a barrel.
US President Donald Trump’s recent proposal to sell more oil and gas to India could significantly reduce New Delhi’s purchases of discounted Russian oil, thought to be funding Moscow’s war with Ukraine.
Iran's masterbatch and polymer compound exports increased by 100% in the past year, according to an official from the Industry, Mining, and Trade Ministry.
The Director-General of Public Relations at the Ministry of Oil stated that the sustainable supply of gas during this year's cold season is the result of the intensified efforts of South Pars employees. He emphasized the need to continue these efforts.
World crude oil price today February 17, 2025
Brent crude futures edged lower 8 cents, or 0.11%, to $74.66 a barrel at 1202 GMT, and U.S. West Texas Intermediate crude fell 5 cents, or 0.07% at $70.69 a barrel.
Indian state power company NTPC is looking to build 30 gigawatts (GW) of nuclear power capacity over the next two decades, three times more than expected, at a cost of $62 billion, three sources said.
Iran’s minister of economy announced negotiations with the head of the OPEC Fund, along with an agreement to secure financing for Iranian contractors in international projects through the fund.
The Vice President praised the Ministry of Oil's cooperation in implementing technology-based production laws and their representative's participation in the Strategic Council for Technologies and Technology-Based Products.
Mehr Tab Parsian Petrochemical Company's CEO praised a comprehensive project for methanol-derived products, aiming to complete the methanol production chain within subsidiary companies.
The CEO of NIGC identifies gas imbalance and upstream document issues as the primary causes of Iran's energy crisis, urging for significant consumption and industry reforms.