Field-oriented agreements with universities are the turning point in cooperation between the petroleum industry and universities. That started in 2014 and currently nine operating oil fields are exposed to such cooperation for the purpose of enhanced recovery. Previously, universities were individually involved in industrial projects, but under this agreement, the universities are recognized as an element of research projects.
The fifth meeting of the Energy Committee of Iran and Austria, chaired by the directors general of Europe, the United States and the Caspian states Department of the Iranian Ministry of Petroleum and Director General of Energy of the Austrian Ministry of Economy was held in Vienna from 14 to 17 January.
A senior official with the National Iranian Oil Company (NIOC) said the company viewed northern oil-rich regions as a priority just like southern areas for development of the oil industry.
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.
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has issued a general call for investment in a GTX (Gas to fuel & chemical products) project in Parsian Energy Intensive Industrial Special Economic Zone.
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.
A senior official with the National Iranian Oil Company (NIOC) said the company would supply a million barrels of crude oil on Iran Energy Exchange (IRENEX) on January 21.
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.
Iran's decision to slash four zeros from its currency will improve the economic situation in the country and gain more credibility for the currency on the international scene, a Spanish News Agency has reported.
China and Iran are great economic partners, and the two nations enjoy growing and durable economic relations, the spokesman for the Chinese ministry of commerce said on Saturday.