The CEO of Isfahan Oil Refinery said the plant would launch its third distillation unit on the occasion of the 40th anniversary of the Islamic Revolution.
Pakistan has decided to establish a joint border market with Iran’s cooperation near Taftan border crossing in Balochistan province, local media reported.
Finance Minister Farhad Dejpasand said on Friday that Iran’s non-oil exports has increased over the past ten months up to January 20 and 85 percent of its imports pertain to raw materials.
The Special-Purpose Vehicle that the European Union and Switzerland have prepared is only for humanitarian items, like medicine, while given Iran's commitment to the Joint Comprehensive Plan of Action (JCPOA), the financial channel should include all the non-sanctioned items, said the head of Trade Promotion Organization of Iran.
The latest statistical report by British Petroleum (BP) suggests that by the end of 2017, Iran was ranked third among the world's largest natural gas producers.
The National Iranian Oil Company (NIOC) is planning to issue Rls. 30,000 billion in fixed rate bonds by the end of the current calendar year to March 20 in order to finance projects aimed at maintaining and enhancing production capacity of oil and gas fields.
Iran’s petroleum minister, Bijan Zangeneh, appointed new heads for three of main subsidiaries of the ministry. The decision was line with a recently enacted law banning the reappointment of retired managers.
South Pars is the largest gas field in the world, whose development is aimed at supplying gas needs in Iran in the household and business sectors, injecting gas to oil fields, powering industrial units and power plants, feeding petrochemical plants, exporting gas, condensate, liquefied petroleum gas (LPG) and sulfur.
The offshore section of TurkStream or Turkish Stream, a natural gas pipeline running from Russia to Turkey, was recently finalized in the presence of Russian and Turkish presidents in Istanbul. The project crossed its most significant phase.