India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed.
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Abu Dhabi National Oil Company (ADNOC) has bought Galp's 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in Mozambique's Rovuma basin, its fourth international foray into gas.
The director general of the Mediterranean and Eastern Europe Department of Iran’s Ministry of Foreign Affairs said the Iran-Turkey Joint Economic Cooperation Committee meeting will be held in the coming days to bolster bilateral ties in trade and economy.
During a talk show on IRIB channel 1 on Tuesday evening, Iranian Minister of Petroleum, Javad Owji, explained how the late president, Ayatollah Ibrahim Raisi, was serious about developing oil industry projects.
India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed.
The National Iranian Oil Refining and Distribution Company (NIORDC) has launched a monitoring center to oversee all the processes pertaining to production, transfer and distribution of oil products.
IndianOil exported its first 100 octane premium fuel, XP100, from JNPT in Navi Mumbai, marking a significant move to conquer new Sri Lankan markets.
Head of the National Iranian Gas Company Dispatching Department Saeed Aghili has said gas supply to the country’s power plants increased by 11 percent in the previous Iranian calendar year compared to the year before.
The head of the National Petrochemical Company (NPC) Morteza Shahmirzaei says that over 97 petrochemical facilities are operating across Iran.
Iranian President Ebrahim Raeisi and the country's Foreign Minister Hossein Amir-Abdollahian were martyred in the helicopter crash that occurred on Sunday.
The Petroleum Ministry has spent 5 billion dollars so far to stop burning associated gases, a move that I would like to appreciate, hoping the initiative to be continued especially in the West Karoon region.
Brent settled 71 cents higher, or 0.9%, at $83.98 a barrel. U.S. West Texas Intermediate crude (WTI) gained 83 cents, or 1.1%, to $80.06.
Indian Oil Corp Ltd (IOCL), India's largest oil marketing company, has successfully completed a Rs 148 crore acquisition of oil and gas company Mercator Petroleum through the insolvency and bankruptcy code (IBC)
India has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from May 16, according to a notification issued on Wednesday.
Japan's top power utility JERA said on Thursday it plans to invest 5 trillion yen ($32.4 billion) over the coming decade into renewable energy and new fuels such as hydrogen and ammonia, as well as liquefied natural gas (LNG).
India's oil demand is projected to rise by 4.1% to 5.80 million barrels per day in 2025, driven by increased gasoline consumption and economic activity, according to the Organisation of Petroleum Exporting Countries.
The head of the National Petrochemical Company (NPC) said the country’s petrochemical production capacity will top 100 million tons by the end of the current Iranian calendar year (March 20, 2025).
Overtaking Iraq, Iran has become the second producer of liquid fuels in the Organization of Petroleum Exporting Countries (OPEC).
Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use.
The director of exploration at National Iranian Oil Company (NIOC) said on Friday that the number of exploration drilling rigs in the company is going to increase by fivefold.