Policy
India’s Oil Demand To Accelerate In2026 And 2027, Says OPEC
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Gas Oil And Petrol Cracks At All Time High
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Crude Prices Continue To Fluctuate, Brent Down To $ 101Per Barrel
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Shutting Down Of East West Pipeline Increases India’s Cost Of Securing Crude
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Amidst Rising Global Price India Seeks Alternate Suppliers Of Crude
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Regulation
India Hit By Spike In Oil Tanker Shipping Costs
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Indian Refineries’ Consistently High Capacity Utilisation
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OMCs Launch Technology-Led LPG Service Initiatives
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India Scaling Up Energy Storage System
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Alternative Energy / Fuel
Coal’s Increasing Role In India’s Energy Scene
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New Projects
EIL Bags Contract To Execute A Mega Refinery In Kenya
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IOC Approves Rs.24.48 Billion For Kochi-Thoothukudi Gas Pipeline
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Petronet LNG To Invest Rs.12 Billion In 10 CBG Plants
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Market Watch
BPCL Signs And Exchange Master SPA With Eni S.P.A
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Companies
Gruner Renewable Energy
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EPIC Bags Rs. 20 Billion Steel Pipe Order FromSaudi Aramco
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ONGC Strikes Gas In Mahanadi Deepwater
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Press Release [FREE Access]
Today's News » Iran’s Petroleum Minister Mohsen Paknejad resigns
October 6, 2026: Tehran, Oct 5 Iran's Petroleum Minister Mohsen Paknejad has resigned from his position, an Iranian presidential aide announced.

In a post on social media platform X on Sunday (local time), Seyyed Mehdi Tabatabaei, deputy for communications at the Iranian president's office, said Paknejad's resignation was accepted by President Masoud Pezeshkian.

Speaking to state-run IRIB TV on Sunday, Tabatabaei said Paknejad had previously submitted his resignation for personal reasons, which Pezeshkian initially declined to accept but later accepted.

He added that Hamid Bovard, deputy petroleum minister and managing director of the National Iranian Oil Company, has been appointed as acting petroleum minister in a decree issued by Pezeshkian.

Paknejad was appointed Iran's petroleum minister in August 2024 after winning the parliament's vote of confidence.

This comes amid Iran's ongoing conflict with the US. Tehran tightened its grip on the Strait of Hormuz on February 28, barring the safe passage of vessels belonging to or affiliated with Israel and the United States following their joint strikes on Iranian territory.

The conflict has disrupted shipping through the Strait of Hormuz, significantly affecting oil exports to global markets.

Meanwhile, a senior Iranian diplomat has said that Iran is currently reviewing US views on Tehran's recent proposal to cease hostilities and reopen the Strait of Hormuz.

Iran's Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi made the remarks in Tehran on Sunday (local time), saying that the United States has submitted its views on Iran's proposal through mediators.

He stressed that Iran's proposal is the "seven-day plan" that was presented to the other side by Iranian Foreign Minister Seyed Abbas Araghchi in New York late last month, according to the semi-official Fars news agency.

(Source: IANS)


To download the latest issue 'Volume 33 Issue 12 - September 25, 2026', click here
Petro Intelligence [FREE Access]
Concerns Over Rising LNG Prices Deepen
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LPG: Need To Find Ways To Avoid Future Shocks
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India Must Face Down Trump’s Tariff Threats
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Alliance That Could Break With A Corrupt Past
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Foreign Investment
AMPIN Energy Transition Secures Up To $100 Million From Norfund For India Expansion
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Overseas Investment
Welspun Corp Subsidiary To Set Up New Steel Pipe Factory In Jordan
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Gas Scene
Domestic Natural Gas Scene In July 2026
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Who Owns How Much Share In India’s Natural Gas Pipelines
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India Diversifying LNG Import Sources
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Indian Natural Gas Spot Price for Physical Delivery
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Domestic Natural Gas Production Exceeding Targets?
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Where Does India Figure Globally In LNG Imports?
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A Graphic Presentation Of Domestic Natural Gas Scene in June ’26
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Global Natural Gas Price Trends
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India’s City Gas Distribution (CGD) sector is expanding rapidly
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Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
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Dismal Domestic Natural Gas Scene In June 2026
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
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Domestic Natural Gas Scene In May 2026
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CGD Sector’s Increasing Share In India’s Natural Gas Consumption
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Diverging Views On Global Oil Demand
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Indian Crude Basket Price In August 2026
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Oil India’s Healthy Reserve Base, Growth In Acreage, Exploratory Drilling
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Diesel’s Dominant Position In Petroleum Products Consumption In India
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Analysis Of Petroleum Products Consumption Trend During The Current FY
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India’s Crude Oil Import Drops In August, 2026
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Refill Affordability Problem Hits PMUY LPG Scheme
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Feedstock-wise Ethanol Production In India
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BPCL’s Three Major Refinery Projects In Progress
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Share Of Various Products In Overall Petroleum Products Consumption In FY 26’
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Specific Energy Consumption In India’s State-Owned Refineries
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India’s Growing Petroleum Marketing Infrastructure
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Petroleum Products: Decline In Imports, Surge In Exports In July 2026
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India’s Refinery Expansion Pace Has Slowed Down
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Domination of state-owned Companies (PSUS) in Petroleum retail outlets Continue Undiminished
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Analysis Of Crude Processed In Indian Refineries In July 2026
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India’s Crude Imports Jumps In July, Import From OPEC Down
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A Graphic Presentation Of India’s Petroleum Products Consumption
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Factors Behind Numaligarh Refinery Making Highest GRM Among Indian Refineries
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Why India’s Share of High Sulphur Crude Consistently Rising In Processing?
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Trend In Petroleum Products Consumption So Far During FY 2026-27
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Distillate Yield In India’s State-Owned Refineries
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Tenders [FREE Access]
ONGC
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