Global natural gas production increased by nearly 5 percent to reach a record 4.04 trillion cubic meters in 2021, according to data from Statista. Russia currently ranks as the world’s second largest natural gas producer and is the leading exporter of the fuel. Last year, Russia’s natural gas exports came in at 202 billion cubic […]

Natural gas deliveries from Iran to Turkey will be disrupted from Oct. 2 to Oct. 9 due to scheduled maintenance, Turkey’s Petroleum Pipeline Corporation (BOTAŞ) said Sunday. “Due to the planned inspection and maintenance works to be carried out on the Iran-Turkey Natural Gas Pipeline between 02-09/10/2022, gas delivery from the Gürbulak entry point to […]

Formosa Plastics Group still intends to build and operate a massive plastic and petrochemical plant proposed for Louisiana, the company said on Thursday, despite a judge’s decision to revoke its state air permits. FG LA, a unit of Formosa, said in a statement that it “intends to explore all legal options” and continue to pursue […]

During the meeting on Wednesday, 14th September 2022, Iran’s Oil Minister Javad Owji and Azim Ahmad Khojaf Acting Energy Minister of Uzbekistan signed a memorandum of understanding (MoU) for cooperation in various energy sectors, reported the News Agency of Iran Oil Ministry. The topics of MoU are as follows: Joint implementation of petrochemical projects in […]

Iran’s Oil Minister Javad Owji referred to the world’s need for more Iranian oil and stated: “As a major producer of oil and petroleum products, we are always ready to play our role in providing oil and gas away from politics and help improve energy security in the world,” the Iran’s Oil Ministry News Agency […]

Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out. About 93 million barrels of Iranian crude and condensate are currently stored on vessels in the Persian Gulf, off Singapore and […]