The CEO of the Pars Special Economic Energy Zone (PSEEZ) announced that approximately $150 billion has been invested in the region, which accounts for nearly 50% of the country's petrochemical capacity with a production of about 45 million tons.
TOP NEWS Feed Atom
Global Crude Oil Price Today December 20, 2024
Brent crude futures fell by 41 cents, or 0.56%, to $72.47 a barrel by 0420 GMT. U.S. West Texas Intermediate crude futures fell 39 cents, or 0.56%, to $68.99 per barrel.
Venezuela's state oil company PDVSA and India's Reliance Industries have resumed an oil swap that had been paused due to U.S. sanctions on the South American country, an internal PDVSA document seen on Thursday showed.
The acting director of the Health, Safety, and Environment (HSE) Department at the Iranian Oil Ministry stated that petrochemical companies consistently lead in HSE due to their strong performance in this field.
Global crude oil prices today, December 19, 2024
Brent futures fell 27 cents, or 0.4%, to $73.12 a barrel by 0701 GMT. U.S. West Texas Intermediate crude fell 39 cents, or 0.6%, to $70.19.
Iran’s oil and gas output has ramped up over the past three months, Deputy Oil Minister Hamid Bovard said on December 18, as the country is poised to face heightened pressure under a second Trump administration.
Iran and China have signed a memorandum of understanding (MOU) for development cooperation on the sidelines of the Indian Ocean Rim Development Cooperation Forum, IRNA reported.
Iran’s Deputy Energy Minister for Economic Affairs and Planning Yazdan Rezaei has said expanding renewable energy capacity is essential to address the country’s energy imbalances, IRNA reported.
Global crude oil prices today, September 18, 2024
Brent futures rose 57 cents, or 0.78%, to $73.56 a barrel at 0923 GMT, while U.S. West Texas Intermediate crude climbed 63 cents, or 0.90%, to $70.71 a barrel.
India's second-largest fuel retailer, Bharat Petroleum Corporation Limited (BPCL), plans to raise its refining capacity by 10 million tons per year by 2028, as the biggest Indian refiners consider a massive expansion to processing capacity to meet growing demand.
Iran’s Vice President for Science and Technology has announced plans to introduce innovative artificial intelligence tools into the petrochemical industry to drive its development, Mehr News Agency reported.
The CEO of the National Iranian Oil Products Distribution Company announced a record distribution of 172 million liters of diesel on Monday, adding that about 80 million liters of liquid fuel were supplied to power stations across the country.
Global crude oil prices today, December 17, 2024
U.S. West Texas Intermediate crude was down 11 cents at $70.60 a barrel, while Brent crude futures eased 2 cents to $73.89 a barrel.
Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, projected higher production in 2025, betting on resilient demand for Canadian crude in U.S. and international markets.
Qatar has agreed a deal to supply India's top natural gas distributor GAIL with liquefied natural gas for five years, three sources familiar with the matter said on Monday.
Iran has set a new record for natural gas production at the South Pars field, reaching 712 million cubic meters per day, according to the head of Pars Oil and Gas Company.
World crude oil price today December 16, 2024
Brent crude futures fell 29 cents, or 0.4%, to $74.20 a barrel. U.S. West Texas Intermediate crude dropped 36 cents, or 0.5%, to $70.93 a barrel.
Offshore Norge industry association predicts oil and gas companies in Norway to invest a record 275 billion crowns ($24.68 billion) in 2025, up from 263.7 billion this year.
India plans to supply liquefied natural gas to Sri Lanka's power plants, connect their power grids, and lay a petroleum pipeline between the two nations, according to Prime Minister Narendra Modi.
Iran's Renewable Energy and Energy Efficiency Organization (SATBA) is inviting investors to participate in the construction of renewable energy power plants to address the country's electricity imbalance.