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.
Minister of Energy Reza Ardakanian said Iranian private sector will have a lion's share in Iraq electricity, power generation, power network reconstruction, water and sewerage projects.
International experts had forecast Iran's oil exports to drop to nil when the US was preparing to re-impose tough sanctions against Iran's oil sector. But Iran's oil exports were not cut to zero and even Iran continues to sell oil.
Some 120,000 tons of commodities were transited to Afghanistan from southeastern Iranian Port of Chabahar over the past 14 months, according to deputy head of Ports and Maritime Organization of Iran.
An analyst working for the Institute of Economics at the Russian Academy of Sciences said the US sanctions against other countries such as Russia, Iran and China would end the US dollar's dominance in the world.
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.