A member of the Iranian parliament has said the decline in oil dependency is one of the most important strengths of the next Iranian year's budget bill (will start on March 21, 2019).
Pars Oil and Gas Company (POGC) announced that the planned output of South Pars gas field in the first quarter of the current calendar year, which began on March 21, was fully realized.
The National Iranian South Oil Company (NISOC) is preparing to finalize 8 oil production maintenance and enhancement packages by the end of the current calendar year to March 20 2019, the company’s CEO said.
Iranian refineries are now supplying 67 percent more gasoline compared to the previous calendar year, which begins on March 21, a deputy petroleum minister says.
Khuzestan Province’s tenth exhibition of domestically manufactured petroleum industry and drilling equipment was held November 22-25 in the provincial capital Ahvaz. At this exhibition, 220 Iranian companies showcased their achievements. Nearly 70% of exhibitors were manufacturers of oil equipment and commodities and the rest were knowledge-based companies and suppliers of commodities to petroleum industry.
Iran is to build a movable railway bridge over the Arvand River as part of the 35-kilometer Shalamcheh-Basra railway project for linking Iran-Iraq railway network.
A senior petrochemical announced that one of the plans of the petrochemical industry is creating a new hub on the Persian Gulf coasts where from regional dimension, facilities and the strategic position is attractive for all investors.
The CEO of the National Petrochemical Company (NPC) said the company, under his management, was mainly focused diversification of the petrochemicals supplied in the industry.
OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday.
Iran has so far generated a total of 250 billion dollars by recovering hydrocarbons from the supergiant South Pars gas field in Persian Gulf waters since the field’s development began, an official said.
The CEO of the Petroleum Engineering and Development Company (PEDEC) said the company’s plans to boost crude oil production from South Azadegan was on the go despite all the restrictions.