PGPIC Invests $6.2b in Petchem Projects

TEHRAN, March 04 (Shana) – The Persian Gulf Petrochemical Industries Company (PGPIC) has invested over 6.2 billion dollars for development of petrochemical projects in Iran, the company’s CEO says.

OPEC, Russia head to Texas for an away game in oil price wars

Crude oil prices are being pumped by OPEC's production cuts, but they are at risk of being knocked down by a gusher of new U.S. shale drilling.

$Libya\'s Biggest Oil Port Seized in Blow to Production Surge$

Libya's Biggest Oil Port Seized in Blow to Production Surge

Libya’s biggest oil port was seized by an armed group, dealing a blow to the North African country as it seeks to revive production of its most important commodity. Brent crude futures climbed.

Diplomat: Tehran, Oslo cooperation to go to pre-sanctions era

Tehran, IRNA – Norwegian Envoy in Iran John Mikal Kvistad said on Tuesday that Tehran and Oslo by overcoming some challenges should prepare the grounds for return of economic boom between the two countries to pre-sanctions era.

All participating countries committed to oil output deal, says OPEC secretary-general

OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the cartel's secretary-general, Mohammed Barkindo, said on Monday.

Iran to Start Cured Oil Export to Russia Soon

TEHRAN, Feb. 22 (Shana) – Iran will begin exporting 100,000b/d of crude oil to Russia within the next two week, Iranian Minister of Petroleum Bijan Zangeneh said.

IPC Key in Enhancing Oil Recovery: Official

TEHRAN(Shana) – A senior petroleum official says employing the newly-devised Iran petroleum contracts (IPC) is crucial for enhancing recover of oil and gas from Iran's reserves.

$Total CEO Says OPEC Needs Cuts `Extended Beyond May\' to End Glut$

Total CEO Says OPEC Needs Cuts `Extended Beyond May' to End Glut

OPEC and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global inventory glut that has kept a lid on prices, said Total SA Chief Executive Officer Patrick Pouyanne.

South Pars Refineries Back to Normal Operation

TEHRAN, Feb. 15 (Shana) – All the refining facilities that process the hydrocarbons recovered from different phases of the supergiant South Pars Gas Field are back to normal and are operating at maximum capacity after a heavy rain that fell earlier this week.

Persian Gulf Star Refinery Exports 2nd Naphtha Shipment to Asia

TEHRAN, Feb. 15 (Shana) – Persian Gulf Star Refinery exported its second naphtha consignment to Japan in late January 2017. The first naphtha consignment of the facility was destined to the United Arab Emirates.

Iran, Japan ink banking MoU

Tehran, Feb 14, IRNA – Central Bank of Iran signed a memorandum of understanding (MoU) with Japan’s Financial Services Agency (JFSA) in a bid to facilitate the interactions between the two countries’ accredited banks.

Iran exports largest bitumen consignment to southeast Asia

Tehran, Feb 14, IRNA – Managing Director of Tamin Petroleum & Petrochemical Investment Company (Tappico) Mohammad Hassan Payvandi said on Tuesday that the largest bitumen consignment weigh 37,000 tons were exported to Malaysia and Singapore recently following implementation of Joint Comprehensive Plan of Action (JCPOA).

Iran plays crucial role in Persian Gulf security, stability: Hungarian PM

Belgrade, Feb 9, IRNA – Hungarian Prime Minister Viktor Orban said on Wednesday that Iran plays a significant role in the Persian Gulf security and stability.

Iran condemns terrorist attack in Kabul

Tehran, Feb 8, IRNA – Iran Foreign Ministry has strongly condemned the recent terrorist attack in Afghan capital of Kabul which resulted death of a dozen people and injury of many more.

Iran, Ireland aviation sign MoU to broaden cooperation

Tehran, Feb 8, IRNA – Iran's Aviation Organization signed on Wednesday the first ever contract with Ireland on expansion of aviation cooperation such as observing flight operation, continued flight eligibility, issuance of technical aid, repair and maintenance.

Total items: 726 in 49 pages