Indian state-controlled refiner IOC is expected to increase production in the coming months at its new 700,000 t/yr polypropylene (PP) plant at Paradip in east India's Odisha state.
News ID: 7290 Publish Date : 2019/11/06
Opec anticipates a global refining surplus of nearly 4mn b/d in 2024, a substantial increase from the excess it flagged a year ago, and it has more than doubled the amount of refinery capacity it expects will close as a result.
News ID: 7231 Publish Date : 2019/11/05
The managing director of Iran’s Thermal Power Plants Holding Company (TPPH) said Russia is slated to give the Islamic Republic a loan of €1.2 billion in form of LC (Letter of credit) to construct a major power plant in Iran’s southern city of Sirik.
News ID: 7104 Publish Date : 2019/11/01
Iranian Energy Minister Reza Ardakanian said the capital, Tehran, will host an international exhibition on the electricity industry starting on Thursday with representatives from 36 countries in attendance.
News ID: 7042 Publish Date : 2019/10/30
Iran would need oil priced at $194.6 a barrel to balance its budget next year, the International Monetary Fund said.
News ID: 7040 Publish Date : 2019/10/29
Iran's biggest steelmaker Mobarakeh Steel Company's sales in the domestic market are expected to exceed 350 trillion rials ($3.07 billion) by the end of the current fiscal year (March 19, 2020), says the managing director of the company.
News ID: 6842 Publish Date : 2019/10/21
Aluminium Bahrain B.S.C. (Alba), on course to become the world’s largest aluminium smelter, was recognised as the Leading Corporate for Investor Relations in Bahrain at the recently held 11th Middle East Investor Relations Association (MEIRA) Awards’ Ceremony.
News ID: 6804 Publish Date : 2019/10/21
OPEC trimmed its forecast for oil demand growth for the third month in a row on Thursday, citing weaker-than-expected data in the Asia Pacific region as well as advanced economies in the Americas.
News ID: 6633 Publish Date : 2019/10/11
Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.
News ID: 6632 Publish Date : 2019/10/11
South Korean Ambassador to Iran Ryu Jeong-Hyun highlighted the East Asian country’s willingness to boost economic cooperation with the Islamic Republic and said the level of bilateral trade should return to that of the pre-sanctions era.
News ID: 6570 Publish Date : 2019/10/08
This week global billet market witnessed less trades with a few deals in Middle East from CIS. Rest all prime markets remained silent. Sharp plunge in global scrap prices turned market sentiments gloomy in global billet market.
News ID: 6419 Publish Date : 2019/09/07
According to provisional data released by Joint Plant Committee (JPC), India’s finished steel exports (non-alloy steel +alloy and stainless steel) surged on monthly basis and stood at 0.983 MnT in Aug’19 as compared to 0.460 MnT in the previous month.
News ID: 6407 Publish Date : 2019/09/06
The spokesman for the Iranian parliament’s presiding board said the administration has been obliged to submit a bill by late September that would change the structure of the country’s national budget.
News ID: 6065 Publish Date : 2019/08/19
Iranian Energy Minister Reza Ardakanian highlighted the major rise in the country’s capacity to produce electricity and said the Islamic Republic’s exports over the past three months hit a record high.
News ID: 6064 Publish Date : 2019/08/19
Iran produces 810 million cubic meters (mcm) of natural gas per day, announced a director of the National Iranian Gas Company (NIGC).
News ID: 5912 Publish Date : 2019/08/13
According to provisional data released by Joint Plant Committee (JPC) India’s finished steel exports (non alloy steel +alloy and stainless steel) doubled on monthly basis and stood at 0.461 MnT in Jul’19 as compared to 0.299 MnT in previous month.
News ID: 5862 Publish Date : 2019/08/08
Asharp recovery in oil product margins over July may lead Saudi Aramco and Iraq's SOMO to tone down the extent of price cuts on crude oil headed to Asia in September, a survey of market participants by S&P Global Platts showed this week.
News ID: 5655 Publish Date : 2019/08/01
Oil prices fell on Monday as investors fretted over the outlook for global economic growth, while weekend talks between Iran and major powers ended on a generally positive note, suggesting an easing of tensions in the Middle East .
News ID: 5597 Publish Date : 2019/07/30
Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply sources, Minister of Economy, Trade and Industry Hiroshige Seko said Tuesday.
News ID: 5440 Publish Date : 2019/07/24
Director General of the Ports and Maritime Organization's office of Hormuzgan province Allah Morad Afifipour said that the British oil tanker, 'Stena Impero', which was seized by the Islamic Revolution Guards Corps (IRGC) in the Persian Gulf was seized because it ignored calls from a fishing boat after an accident in the waterway.
News ID: 5366 Publish Date : 2019/07/21