Indian Oil Corporation, the country’s largest refiner, will begin producing sustainable aviation fuel (SAF) in December, said chairman A. S. Sahney. . #Gas #Crude_Oil #Oil #Petchem

Iranian Oil Ministry source has denied reports suggesting that the country is grappling with an increasing stock of crude oil held afloat. . #Gas #Crude_Oil #Oil #Petchem

Iran’s Trade Promotion Organization (TPO) and the Iran Chamber of Guilds (ICG) signed a cooperation agreement aimed at harnessing the capacity of guilds to expand the country’s exports.

The NGL 3100 project is a significant step towards addressing the persistent and unsustainable flares in southern Iran, which could have been economically viable. . #Gas #Crude_Oil #Oil #Petchem

#Iran’s #Oil Minister Mohsen #Paknejad said Saturday that #premium or special-grade #gasoline is being introduced as a new service by the #Oil_Ministry and is not linked to #fuel quotas.

The #drilling operations for the first development well in a six-well project at the #Yadvaran_oil_field have been completed using the Fat’h 92 drilling #rig, announced the deputy CEO of National #Iranian #Drilling Company for drilling #projects.

Asadollah Cheraghi, the representative of Dehloran,DarrehShahr and Abdanan in #Iran’s #Parliament,said the national project to capture associated #petroleum gas from #oil fields in southern #Ilam province is"lasting and highly #valuable in all our minds.".

#President Masoud #Pezeshkian said the #government will provide any support possible to accelerate #gas recovery #projects, noting that the annual value of collected associated #gas is estimated at $700 million.

#Foreign_Minister Abbas Araghchi says #Iran is actively collaborating with #China and #Russia to prevent the reactivation of #UN #sanctions through the so-called “#snapback” mechanism threatened by #European countries.

#US #President_Trump imposed a 50% #tariff on #Indian exports, ignoring #India's increased #oil and #gas purchases from the #US, reducing its trade surplus with the US.

Brent crude futures fell 89 cents, or 1.3 percent, to $65.95 a barrel. U.S. West Texas Intermediate crude futures fell 97 cents, or 1.5 percent, to $62.99. . #Gas #Crude_Oil #Oil #Petchem

#India is launching a national #deepwater #exploration mission to tap more of its #energy resources, boost #domestic #energy supply, and reduce dependence on #imports, #Prime_Minister Narendra #Modi said on Friday.

#Iran's #FTA with #EAEU aims to boost #steel and #petrochemicals, accounting for 50% of #objectives, according to Iranian #officials, highlighting their crucial role in #export growth.

#Iran plans to increase its #petrochemical #production capacity by 35 million tons to 131.5 million tons annually by the end of its Seventh National #Development Plan.

Brent crude futures rose 49 cents, or 0.75 percent, to $66.12 a barrel, while U.S. West Texas Intermediate crude futures rose 51 cents, or 0.81 percent, to $63.16. . #Gas #Crude_Oil #Oil #Petchem

#India's state run #Bharat_Petroleum_Corp has awarded a five-month tender for 10 million barrels of #US. #oil to #European trader Glencore, two people with knowledge of the matter said, aiding #India's efforts to deepen #energy ties with #Washington.

#India could face an annual $5 billion surge in its #oil_import #bill if forced to replace #Russian_crude, as pressure mounts following a new #US #tariff order targeting one of #Moscow's top #energy #customers.

#Chinese_Ambassador Jiang Zaidong suggests #Pakistan can expand the #China-#Pakistan #Economic Corridor to #Afghanistan and #Iran, boosting connectivity and #trade, and accelerating the #strategic shift from #geopolitics to geo-economics.

#Iran's #oil production slightly decreased in July due to the effects of its June aggression war with #Israel, despite #OPEC members' overall production #increase.

#Iranian #South #Oilfields Co. is undergoing major #overhauls on over 100 processing #units, with 27 prioritizing them for their direct #oil production impact.