The International Energy Agency (IEA) has said global oil supply could exceed demand by around 600,000 barrels per day in 2025.
Iran has awarded some billion worth of contracts to domestic companies for a major pressure-boosting project in South Pars, the world’s largest gas field that straddles the maritime border between Iran and Qatar.
The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, sanctioning more than 30 brokers, tanker operators, and shipping companies in different countries.
"Endress Hauser in Dubai", Qatar, and Saudi Arabia in Supporting Petrochemical Projects is vital to the region's industrial success.
Iranian crude oil flows to China have rebounded this month after a US sanctions on shipments launched in late 2024 decimated them in January.
Iranian Energy Minister Abbas Aliabadi has called for increasing electricity exchange with neighboring countries in a meeting with Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev in Tehran.
Iran’s state electricity company Tavanir says demand for power in the country has reached unprecedented levels after an ongoing heatwave pushed temperatures in some provinces above 48 Celsius.
The Iranian oil minister said that administration of the late President Raeisi successfully neutralized the sanctions imposed on the export of gas condensate and converted the Achilles’ heel of the sanctions into value-added.
Iranian Oil Minister Javad Owji announced that the country’s oil production has increased from 2.2 million barrels per day (bpd) to more than 3 million barrels per day (bpd) during the Raeisi administration.
Iran's minister of oil provided more details about the gas pipeline which is planned to be constructed to import gas from Russia.
