Iran is set to increase its total petrochemical capacity from 59 million tons to 180 million tons within the next 10 years, said an executive from US consultancy firm Frost and Sullivan on Thursday on the sidelines of the Fourth CMRI Petrochemical Conference in Seoul. The increased petrochemical volumes will include a wide variety of…
A top official with National Iranian Oil Company (NIOC) Mohsen Qamsari said on Wednesday that Iran’s oil exports to Europe has risen to 700,000 b/d. Iranian oil exports to European countries had nearly stopped during sanctions. After the implementation of the Joint Comprehensive Plan of Action (JCPOA) in January, the European countries resumed oil imports…
Gas extraction capacity from South Pars Gas Field will increase by five billion cubic feet per day once 10 platforms of the field become operational, announced the managing director of South Pars Oil and Gas Company (POGC). Mohammad Meshkinfam further said that such an output will bring in $25 million for the country, Shana reported….
A 2,600-ton platform of the phase 20 of the South Pars oil field with the capacity of refining one billion cubic foot of gas is leaving the Khorramshahr yard, on October 31, 2016, to be carried to the place where it has to be finally launched. About South Pars oil and gas field South Pars…
Iran has deployed a 71-thousande barrel shipment of Natural Gas Liquids (NGLs), comprising propane and butane, to Pakistan. The fifth cargo of propane and butane produced at Siri NGL Refinery was loaded and exported to Pakistan as reported by the Iranian Offshore Oil Company. Accordingly, a cargo, consisting of 51 thousand barrels of propane and…
Iran Oil Terminals Company (IOTC) reported that negotiations have been held with a Dutch firm to renovate and develop Iranian oil terminals in the Persian Gulf as well as establish a floating oil terminal. The company’s Managing Director Pirouz Mousavi said on the sidelines of Offshore Energy Exhibition and Conference (OEEC) in the Netherlands that…
India and Iran aim to strike a deal by March to develop an Iranian gas field with estimated in-place reserves of 18.75 trillion cubic feet, the Indian government said in a statement on Wednesday. A consortium headed by ONGC Videsh Ltd (OVL), the overseas investment arm of Indian explorer Oil and Natural Gas Corp, discovered…
Iran said on Sunday it will soon sign six agreements with international energy giants over the development of its oil sector projects. Gholam-Reza Manouchehri, the deputy for engineering and development affairs of the National Iranian Oil Company (NIOC), specified neither the companies nor the projects. Nevertheless, he did indicate that the projects were large scale….
Deputy oil minister said oil cooperation between Iran and Germany’s Deutsche Bank have been resumed. Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia touched upon lack of cooperation on the part of major European banks with Iran especially as regards oil deals in the post-JCPOA era and added “however, unlike the past when…
Iran-Daily: Western insurers are slowly reaching deals with Iran as they seek to reenter a multibillion-dollar market 10 months after the lifting of international sanctions in January. Iran is now in more active talks with insurers to provide cover in a market valued at $9 billion overall last year and potentially double that in the…
