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).

Refinery to Boost Petrol Quality

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

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.

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.

Petchem Projects Launched in Khuzestan

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

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.

Iran Recoverable Oil Reserves at 160bn Barrels

Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday the country’s recoverable oil stood at 160 billion barrels.

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.

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.”

Pars Petchem Plant Ready to Start Exporting Items

The CEO of Pars Petrochemicals Company said the plant’s styrene monomer unit operated at 106 percent of its nameplate capacity, adding the facility was ready to start exporting the items.

Iran Sitting Atop 160 Billion Barrels of Recoverable Crude Oil: NIOC

The National Iranian Oil Company (NIOC) announced the amount of recoverable reserves of the country's liquid hydrocarbons, saying Iran sits atop an estimated total of 160.12 billion barrels and its natural gas reserves stand at 33.33 trillion cubic meters.

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.

Total items: 726 in 49 pages