Parliament Approves Issuance of Sukuk by Petroleum Ministry

The Iranian parliament approved of a motion which allows the Ministry of Petroleum to issue 3 billion dollars worth of Islamic bonds (Sukuk) undersigned by the council of ministers.

Tehran to Host Annual Gathering of Iran Upstream Industrialists

The annual gathering of Iranian oil and gas upstream industrialists is to be held in Tehran on February 23 and 24.

Iran, Russia to develop joint industrial, insurance plans

Deputy Minister of Industry, Mining and Trade in Industries Affairs declared readiness of this ministry to begin a new round of economic cooperation with the country in different fields of industry and mining.

Iran exports over $1b of bitumen since March

An Iranian official said over one billion dollar of bitumen has been exported since the beginning of current Iranian calendar year (started on March 20, 2018).

New Petropars CEO Appointed

The CEO of the National Iranian Oil Company (NIOC) appointed Hamid Reza Masoudi as the new head of Petropars Ltd. (PPL).

Grounds Ready for Japan Investment in Iran Energy Sector: Speaker

The Speaker of the Iranian Parliament, Ali Larijani, said there were good grounds for Japan’s investment in different sectors such as oil, gas and petrochemicals in Iran.

The impact of fluctuations in crude oil prices on the economics of refineries

Global oil prices have fallen rapidly on the summer of 2014 and recently in October 2018. This is good news for oil importers; however, it is bad news for oil exporter’s countries. How is this for refineries?

NIOC to Offer Condensate on IRENEX Export Floor

The National Iranian Oil Company (NIOC) is planning to start selling gas condensate at the export floor of the Iran Energy Exchange (IRENEX) by February 13.

Petchem Projects Launched in Khuzestan

The governor of Khuzestan Province, southwestern Iran, inaugurated two petrochemical projects in Mahshahr Petrochemical Especial Economic Zone (PETZONE).

Europe Not Buying Iran Oil Despite Waivers

Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday Italy and Greece had stopped buying oil from Iran despite being granted waivers from US sanctions.

IOPTC Launches GIS Applications on Oil Pipelines

The Iranian Oil Pipelines and Telecommunication Company (IOPTC) launched a geographic information system (GIS) application for pipelines carrying crude oil and petroleum products in Iran.

Oman ready to invest in Chabahar region

Oman's Ambassador to Iran Saud bin Ahmad Khalid al-Barwani said on Sunday that his country, especially its private sector, is ready for investment in Chabahar region of Iran.

S. Korean firms to resume Iran gas condensates purchase

Two major South Korean oil companies are to resume buying Iran gas condensates in February, South Korean media reported.

Beijing supports Iran-Europe INSTEX

China seriously supports the efforts made by European countries to set up the Instrument in Support of Trade Exchanges (INSTEX) with Iran and preserving Iran nuclear deal, the Chinese Foreign Ministry spokesman said.

IP Gasline Could Complete with Pakistan Efforts: Iran

Iranian President Hassan Rouhani said Iran had fulfilled its commitments regarding a major gas pipeline project to transfer natural gas to Pakistan, expressing optimism the project could come on-stream with the efforts of Pakistani officials.

Total items: 205 in 14 pages