South Pars Phase 22-24 Gas Recovery up 200 mcf

The head of the offshore section of South Pars 22-24 phases development project said 3 new wells had become operational in the project which added 200 mcf to the phases’ gas output.

$MOP Supports Domestic Manufacturing with Int\'l Standards: Min.$

MOP Supports Domestic Manufacturing with Int'l Standards: Min.

Iranian Minister of Petroleum Bijan Zangeneh said his ministry would support domestic manufacturing by observing international standards in the oil industry.

Continued European Demand for Iran Petchems

The CEO of Nirouchlor Company said that the company’s exports to Europe, despite the restrictions caused by the coronavirus in the world, reached about 5,000 tons.

Iran Raises Crude Oil Output at North Yaran

The third generation of sucker-rod pump (SRP) was installed for the first time in West Karoun oil fields cluster at well No. 14 of North Yaran field and increased the oil production capacity of this joint field by 500 b/d.

Iran Eyes 80% Enhanced Petchem Revenue by March 2021

The CEO of the National Petrochemical Company said Iran’s petrochemical production capacity would increase by 60% this year, adding by launching 17 projects, Iran’s petrochemical revenue would increase by 80 percent by the end of the current Iranian calendar year which began on March 20

TEDPIX drops 742 points on Tuesday

TEDPIX, the main index of Tehran Stock Exchange (TSE), which is the country’s major stock exchange, fell 742 points to 978,362 on Tuesday, IRNA reported.

Shares of CSPO’s 20 companies to be offered in stock exchange

Shares of 20 companies affiliated to Iran’s Civil Servants Pension Organization (CSPO) will be offered in the country’s stock exchange by the end of the current Iranian calendar year (March 20, 2021), head of the organization announced on Wednesday.

NIDC to deploy 15 drilling rigs in southern oil fields within 3 months

Head of National Iranian Drilling Company (NIDC) says 15 drilling rigs from the company's fleet have been based in operational sites in the National Iranian South Oil Company (NISOC)’s 28-reservoir development projects in southern Iran.

Oil ETPs - the perils of trading crude like a stock

A historic plunge in oil prices in the wake of the COVID-19 pandemic has highlighted the risks of oil-focused exchange-traded products (ETPs).

Iran is ready to help Americans escape the helplessness of their government amid pandemic

Iran is ready to help people of the United States who are entangled with the coronavirus predicament to escape the helplessness of their government, Health Minister Saeed Namaki has said.

TEDPIX climbs 8.5% in a week

TEDPIX, the main index of Tehran Stock Exchange (TSE) gained 8.5 percent to 597,094 points in the past Iranian calendar week (ended on Friday), IRNA reported.

Gas production, distribution stable in country: NIGC managing director

The managing director of the National Iranian Gas company (NIGC) announced that gas production, transfer and distribution is stable in the country despite coronavirus outbreak, Shana reported.

OPEC, allies reach primary agreement to balance oil market

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Friday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies have reached an agreement for cutting their oil output by at least 10 million barrels per day (bpd) in the upcoming months of May and June, Shana reported.

Russia, Saudi end oil feud but is it enough?

TEHRAN – The Organization of Petroleum Exporting Countries (OPEC) and their non-OPEC allies, on Thursday, reached a tentative agreement to cut the global oil output by at least 10 million barrels for May and June to balance the oil market which literary doesn’t have any more capacity to store the supplied oil.

Dollar falls after Fed bolster lending and coronavirus fears ease

The dollar was on course for a weekly loss on Friday as the U.S. Federal Reserve’s massive new lending program for small companies and signs of a slowdown in coronavirus infections reduced safe-haven demand.

Total items: 726 in 49 pages