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Over 20 bcm of gas processed at South Pars Refinery 9

1 year ago

3 February 2025

4:14 AM

The manager of Refinery 9 at the South Pars Gas Complex announced that nearly 21 billion cubic meters (bcm) of gas were processed and transferred to the national grid during the first 10 months of the Iranian calendar year 1403 (March 19, 2024–January 19, 2025).

Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil

1 year ago

2 February 2025

6:23 AM

U.S. fuel prices are expected to increase due to President Trump's tariffs on Canadian and Mexican oil. The tariffs aim to address immigration and drug smuggling issues but may counteract efforts to control inflation, affecting costs for refiners and ultimately consumers.

NIGC commissioning nearly 4,000 gas projects

1 year ago

2 February 2025

5:53 AM

The CEO of the National Iranian Gas Company (NIGC) announced the commissioning of 3,984 gas supply and development projects in celebration of the Ten Days of Fajr and ahead of the anniversary of the Islamic Revolution.

Boushehr hosts specialized oil, gas, petchem exhibition

1 year ago

1 February 2025

11:58 AM

The 1st Boushehr Exhibition of Oil, Gas, Energy, Refining and Petrochemical Industry has opened in southern Boushehr province, the head of Boushehr International Exhibitions Company said.

India’s Jan Russian crude imports surge despite sanctions, but risks loom

1 year ago

31 January 2025

10:53 AM

India increased its imports of Russian crude oil by 13% in January, 9% from December, and 9% from a year earlier, thanks to Indian refiners taking advantage of the 49-day grace period.

Russia’s Lukoil eyes $2 bln from Bulgaria refinery sale, RIA reports

1 year ago

31 January 2025

10:45 AM

Lukoil, Russia's second-largest oil producer, plans to raise around $2 billion from the sale of its Burgas oil refinery in Bulgaria, according to Bulgaria's Prime Minister Rosen Zhelyazkov.

Global Oil Prices on 1 February 2025

Brent Crude Reaches $77.25

1 year ago

31 January 2025

10:35 AM

The price of Brent crude oil rose by 38 cents, or 0.49%, today, reaching $77.25 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude increased by 60 cents, or 0.82%, trading at $73.33 per barrel.

World crude oil price today January 30, 2025

Oil wavers as markets await clarity on Trump tariffs on Canada, Mexico/ Brent crude oil price fell to $76.51 cents

1 year ago

30 January 2025

10:27 AM

Brent crude futures were down 7 cents, or 0.09%, at $76.51 a barrel by 0738 GMT. U.S. crude futures were little changed at 2 cents up, or 0.03%, to $72.64. U.S.

India seeking energy, lithium investments in Argentina

1 year ago

30 January 2025

10:16 AM

India is looking to expand its investments in Argentina's mining, gas and oil sectors, with a focus on lithium, to secure resources needed for its energy transition, the country's mining secretary told Reuters.

China to invest in Iran’s renewable energy sector

1 year ago

30 January 2025

10:11 AM

Tehran and Beijing have reached an initial agreement on Chinese investment in Iran’s renewable energy sector, with a Chinese company set to cover 70 percent of the investment.

World crude oil price today January 29, 2025

Crude oil prices fell to $ 77, 90 cents a barrel

1 year ago

29 January 2025

11:59 AM

Brent crude futures were down 59 cents, or 0.76%, to $77.90 a barrel as of 0916 GMT, while U.S. crude futures had lost 55 cents, or 0.75%, at $73.22.

U.S. Sanctions Disrupt Russia’s Oil Trade With China And India

1 year ago

29 January 2025

11:48 AM

US sanctions on Russia's oil and gas sector have disrupted global energy trade, impacting interactions with China and India. Chartering costs for unaffected tankers have surged, creating trade hurdles, amidst economic pressure on Russia.

Over 11,500 equipment items indigenized for South Pars refineries Over 11,500 equipment items indigenized for South Pars refineries

1 year ago

29 January 2025

4:28 AM

The commercial manager of the South Pars Gas Complex announced that, in collaboration with 120 domestic and new technology-based firms (NTBFs), over 11,500 essential equipment items and goods have been localized for the South Pars refineries.

World crude oil price today January 28, 2025

Brent crude oil rose to $77.43

1 year ago

28 January 2025

12:23 PM

Brent crude oil futures were up by 35 cents, or 0.45%, to $77.43 per barrel. U.S. West Texas Intermediate crude futures were up 30 cents, or 0.41%, to $73.47.

Indian Oil faces decline in Russian oil imports in 2024/25

1 year ago

28 January 2025

10:43 AM

Indian Oil Corp, the country's top refiner, is reportedly facing a potential decrease in Russian oil imports this fiscal year due to recent U.S. sanctions on Moscow.

SPGC: 165 bcm of gas injected from SP into national grid over 10 months

1 year ago

28 January 2025

10:35 AM

The South Pars Gas Complex's CEO reported a 2% increase in gas injection into the national grid during the first 10 months of 2024-2025.

U.S. Sanctions Are Squeezing India’s Russian Oil Imports

1 year ago

27 January 2025

12:02 PM

India's dependence on Russian oil has grown significantly since the 2022 Ukraine invasion, and the new sanctions could lead to higher inflation and supply disruptions.

Global Oil Prices on 27 January 2025:

Brent Crude Drops to $77.85

1 year ago

27 January 2025

11:52 AM

The price of a barrel of Brent North Sea crude fell 65 cents, or 0.83 percent, to $77.85 a barrel today. US West Texas Intermediate crude is trading at $74, down 66 cents, or 0.88 percent.

Shahid Tondguyan Petrochemical Company to gain self-sufficiency in catalyst production

1 year ago

27 January 2025

3:53 AM

Shahid Tondguyan Petrochemical Company is celebrating self-sufficiency and independence from foreign catalyst purchases after signing a MoU to produce cobalt acetate and manganese acetate catalysts.

Fire at Rey LPG tanks fully extinguished: NIOPDC Fire at Rey LPG tanks fully extinguished: NIOPDC

1 year ago

27 January 2025

3:51 AM

The National Iranian Oil Products Distribution Company (NIOPDC) announced in a statement on Sunday that the fire at the LPG tanks in Rey has been completely extinguished.

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Latest News of Oil, Gas and Petrochemical industry

TOP NEWS Feed Atom

Over 20 bcm of gas processed at South Pars Refinery 9

Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil

NIGC commissioning nearly 4,000 gas projects

Boushehr hosts specialized oil, gas, petchem exhibition

India’s Jan Russian crude imports surge despite sanctions, but risks loom

Russia’s Lukoil eyes $2 bln from Bulgaria refinery sale, RIA reports

Global Oil Prices on 1 February 2025

Brent Crude Reaches $77.25

World crude oil price today January 30, 2025

Oil wavers as markets await clarity on Trump tariffs on Canada, Mexico/ Brent crude oil price fell to $76.51 cents

India seeking energy, lithium investments in Argentina

China to invest in Iran’s renewable energy sector

World crude oil price today January 29, 2025

Crude oil prices fell to $ 77, 90 cents a barrel

U.S. Sanctions Disrupt Russia’s Oil Trade With China And India

Over 11,500 equipment items indigenized for South Pars refineries Over 11,500 equipment items indigenized for South Pars refineries

World crude oil price today January 28, 2025

Brent crude oil rose to $77.43

Indian Oil faces decline in Russian oil imports in 2024/25

SPGC: 165 bcm of gas injected from SP into national grid over 10 months

U.S. Sanctions Are Squeezing India’s Russian Oil Imports

Global Oil Prices on 27 January 2025:

Brent Crude Drops to $77.85

Shahid Tondguyan Petrochemical Company to gain self-sufficiency in catalyst production

Fire at Rey LPG tanks fully extinguished: NIOPDC Fire at Rey LPG tanks fully extinguished: NIOPDC