The CEO of Khazar Exploration and Production Company (KEPCO) said his company would welcome the presence of powerful foreign companies in the development of oil industry in the Caspian region, but would not wait for them.
Kaveh Petrochemicals Plant and the first phase of Bushehr petrochemicals facility are scheduled to come on-stream by the end of the current Iranian calendar year to March 20.
Ilam Refinery, which runs on sour gas, supplies valued items like quality sulfur, while injecting refined gas to the national distribution network for domestic consumption.
Iranian Minister of Petroleum Bijan Zangeneh visited Baghdad in neighboring Iraq to sit with Iraqi officials including Iraqi Prime Minister Adil Abdul-Mahdi and his counterpart Thamer Ghadhban.
The CEO of National Iranian Oil Products Distribution Company (NIOPDC) said his company was supplying Euro-4 gasoil across the country, adding the item would be distributed nationwide soon.
A pipeline to carry sour gas from Phase 13 of the offshore South Pars gas field to onshore refineries would become operational soon, the project’s operator said.
A member of the Iranian parliament said the amount of petrodollars projected to be generated in the national budget bill would be sufficient to run the country.
We view sanctions as the conditions or the scope of project, i.e. assessing every factor, which is likely to affect the project processes and the triangle of time-quality-cost for a project.
Iran’s deputy minister of petroleum for international affairs and commerce, Amir-Hossein Zamani-Nia, has said the number of potential buyers of Iran’s oil has increased despite US threats of sanctions. Zamani-Nia, however, said the countries that recently received sanctions waiver from the US would not buy even an extra one barrel of oil from Iran.
Amid US sanctions on the Islamic Republic, Iran will invest about $218 million (Rs 1,500 crore) to expand a refinery run by Chennai Petroleum Corp. in India, the company’s managing director said.
Khorasan Petrochemical Company increased its exports volume by 12 percent in the first nine months of this Iranian calendar year (March 21, 2018-November 22, 2018).
Deputy Minister of Petroleum for Petrochemical Affairs Behzad Mohammadi says active petrochemical facilities are busy producing up to 53,600,000 tons of petrochemicals now.