5th Energy Meeting of Iran, Austria Held in Vienna

The fifth meeting of the Energy Committee of Iran and Austria, chaired by the directors general of Europe, the United States and the Caspian states Department of the Iranian Ministry of Petroleum and Director General of Energy of the Austrian Ministry of Economy was held in Vienna from 14 to 17 January.

South Pars Platform 13B Starts Gas Injection to Onshore Refinery

Platform 13B of Phase 13 of the South Pars gas field has started gas injection to the project’s onshore refinery.

Developing Caspian Region, NIOC Priority: Official

A senior official with the National Iranian Oil Company (NIOC) said the company viewed northern oil-rich regions as a priority just like southern areas for development of the oil industry.

KEPCO Won’t Wait for Foreign Firms: CEO

The CEO of Khazar Exploration and Production Company (KEPCO) said his company would welcome the presence of powerful foreign companies in the development of oil industry in the Caspian region, but would not wait for them.

Latest Technical Savvy Needed for Petchem Development: Official

An official with the National Petrochemical Company (NPC) said the industry needed the state-of-the-art technologies for development.

IMIDRO Issues Call for Investors to Join GTX Petrochemical Project

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has issued a general call for investment in a GTX (Gas to fuel & chemical products) project in Parsian Energy Intensive Industrial Special Economic Zone.

Iran to Launch 2 Petchem Plants by March

Kaveh Petrochemicals Plant and the first phase of Bushehr petrochemicals facility are scheduled to come on-stream by the end of the current Iranian calendar year to March 20.

US Frustrated at Preventing Iran Oil Exports: Veep

Iranian First Vice President Eshaq Jahangiri said the US plots to frustrate Iran’s oil exports had been a failure.

NIOC to Market 1mb of Oil at IRENEX on Jan. 21

A senior official with the National Iranian Oil Company (NIOC) said the company would supply a million barrels of crude oil on Iran Energy Exchange (IRENEX) on January 21.

Phase 13 Refinery Fully Operational by Late February

Operator of Phase 13 of the supergiant South Pars gas field said the onshore refinery of the phase would become fully operational by late February.

Ilam Refinery Suppling Quality Sulfur for Export

Ilam Refinery, which runs on sour gas, supplies valued items like quality sulfur, while injecting refined gas to the national distribution network for domestic consumption.

Iran’s Zangeneh Visits Baghdad to Broaden Energy Ties

Iranian Minister of Petroleum Bijan Zangeneh visited Baghdad in neighboring Iraq to sit with Iraqi officials including Iraqi Prime Minister Adil Abdul-Mahdi and his counterpart Thamer Ghadhban.

Dropping zeros from bills to stabilize Iran economy: Agency

Iran's decision to slash four zeros from its currency will improve the economic situation in the country and gain more credibility for the currency on the international scene, a Spanish News Agency has reported.

Beijing-Tehran economic ties durable, growing: China

China and Iran are great economic partners, and the two nations enjoy growing and durable economic relations, the spokesman for the Chinese ministry of commerce said on Saturday.

Slashing zeros from Iran national currency time-consuming: Central Bank

Slashing four zeros from Iran's national currency, which based on estimates will take about two years, requires the approval of the government and Majlis (Iran's Parliament), the head of the Central Bank said on Monday.

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