U.S. oil and gas lease sale in Utah draws few bidders

A U.S. Bureau of Land Management auction of 25 oil and gas leases in Northeast Utah received mostly minimum bids of just $2 an acre a day after oil prices collapsed due to the impact of the spreading coronavirus outbreak.

Oil ministry explores necessary measures for battling Covid-19

Necessary measures for containing the coronavirus (Covid-19) in the Iranian oil industry’s operational areas were explored in a meeting on Tuesday, attended by the Oil Minister Bijan Namdar Zanganeh and the Head of National Iranian Oil Company (NIOC) Masoud Karbasian.

Saudis’ price war or a Russian plot against U.S. shale?!

Since early Monday, the announcement of a “price war” between Saudi Arabia and Russia, two biggest OPEC+ allies, hit the headlines of almost all of the world’s news agencies and outlets and released a wave of panic across the markets all around the world.

Iran’s oil rig operations ongoing despite coronavirus outbreak

Head of National Iranian Drilling Company (NIDC) says despite the coronavirus outbreak, all operations in the country’s oil and gas rigs are ongoing in full compliance with safety and healthcare standards, Shana reported.

The Impacts of Middle East Gas Condensate Splitters on the Condensate and Naphtha Market

East and Southeast Asia is the major consumer of the Middle East gas condensate. Iran plans to reduce its gas condensate export to zero by increasing condensate processing capacity. Qatar also decreases its condensate exports by expanding condensate splitters within the country. What would happen for condensate splitters in the East and Southeast Asia?

Tombak Export-Service Port Fully Operational by March 2020

Tombak Export-Service Terminal is expected to fully come online by the end of the next Iranian calendar year to March 2020.

Iran to Launch 4 South Pars Phases by March 20

Iranian Minister of Petroleum Bijan Zangeneh, on the eve of the 40th anniversary of the Islamic Revolution’s victory, underlining Iran’s natural gas production capacity from the jointly owned South Pars gas field and inauguration of the refinery sections of phases 13 and 22-24 of South Pars in the near future, said: "With the opening of these phases, Iran outdoes Qatar in gas recovery from South Pars gas field.”

Iran Launches Major Petrol Project

Iranian President Hassan Rouhani inaugurated Phase III of Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery) in southern Iran.

Persian Gulf Star Refinery Generating $800m/y

Iran’s Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery) generates 800 million dollars per year for the country, an official said.

Masjed Soleyman Ammonia Plant Online by Mid-2020

The Ammonia Unit of Masjed Soleyman Petrochemical Plant will come on-stream by March 2020, to become fully operational by 2021.

Bandar Abbas Refinery Posts Annual Profits of $350m

Iran’s Bandar Abbas Oil Refinery earns 350 million dollars in profits annually, the plant’s CEO said.

Pak top provincial official urges stronger economic ties with Iran

Chief Minister of Pakistan’s south western Balochistan Province has said that enhancing trade ties with Iran, particularly through Taftan border, could help improve the living standard of the people in both sides of the border.

Refinery to Boost Petrol Quality

The CEO of Bandar Abbas Oil Refinery said the facility’s petrol quality would improve by March.

Natural Gas Distribution to 98% of Iranian Urban Population

The CEO of the National Iranian Gas Company (NIGC) said the company had ensured supply of natural gas to 98 percent of the country’s urban population.

NIORDC to Launch Integrated Distribution Management System for Oil Products

The National Iranian Oil Products Refining and Distribution Company (NIORDC) is planning to launch an integrated system for distribution management of petroleum products.

Total items: 517 in 35 pages