NISOC Preparing 8 Production Maintenance/Enhancement Packages

The National Iranian South Oil Company (NISOC) is preparing to finalize 8 oil production maintenance and enhancement packages by the end of the current calendar year to March 20 2019, the company’s CEO said.

NIDC Performs Deepest Wellbore Casing Operation

The National Iranian Drilling Company (NIDC) has successfully carried out the deepest casing operation at an offshore wellbore in the Persian Gulf.

Iran Gasoline Output up 67% Y/Y

Iranian refineries are now supplying 67 percent more gasoline compared to the previous calendar year, which begins on March 21, a deputy petroleum minister says.

Iran Petrol Production, Storage Satisfactory: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh expressed satisfaction at the current state of petrol production and storage in Iran.

10,000 Drilling Items Domestically Manufactured

Khuzestan Province’s tenth exhibition of domestically manufactured petroleum industry and drilling equipment was held November 22-25 in the provincial capital Ahvaz. At this exhibition, 220 Iranian companies showcased their achievements. Nearly 70% of exhibitors were manufacturers of oil equipment and commodities and the rest were knowledge-based companies and suppliers of commodities to petroleum industry.

Iran, Iraq to cooperate in energy, water, sewage treatment: Min

Minister of Energy Reza Ardakanian said Iranian private sector will have a lion's share in Iraq electricity, power generation, power network reconstruction, water and sewerage projects.

Kharg Oil Output Up

International experts had forecast Iran's oil exports to drop to nil when the US was preparing to re-impose tough sanctions against Iran's oil sector. But Iran's oil exports were not cut to zero and even Iran continues to sell oil.

120,000 tons of commodities transited from Iran’s Chabahar Port to Afghanistan

Some 120,000 tons of commodities were transited to Afghanistan from southeastern Iranian Port of Chabahar over the past 14 months, according to deputy head of Ports and Maritime Organization of Iran.

US sanctions ending dollar dominance: Russian expert

An analyst working for the Institute of Economics at the Russian Academy of Sciences said the US sanctions against other countries such as Russia, Iran and China would end the US dollar's dominance in the world.

Iran to build movable bridge over Arvand River for connection with Iraq

Iran is to build a movable railway bridge over the Arvand River as part of the 35-kilometer Shalamcheh-Basra railway project for linking Iran-Iraq railway network.

Third hub of petrochemicals being created on Persian Gulf coasts

A senior petrochemical announced that one of the plans of the petrochemical industry is creating a new hub on the Persian Gulf coasts where from regional dimension, facilities and the strategic position is attractive for all investors.

NPC Focused on Diversification of Petchem Output: CEO

The CEO of the National Petrochemical Company (NPC) said the company, under his management, was mainly focused diversification of the petrochemicals supplied in the industry.

Official: Iran one of Iraq’s major trade partners

An Iraqi official described Iran as one of the major commercial partners of Iraq, calling for promoting mutual relations.

$OPEC will hold extra meeting if output cuts \'not enough\': UAE$

OPEC will hold extra meeting if output cuts 'not enough': UAE

OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday.

Last Gas Sweetening Train of Phase 13 Refinery Online

The operator of South Pars Phase 13 development project announced inauguration of the last gas sweetening train of the project’s onshore refinery.

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