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….
Three foreign banks are opening up representative offices in Iran as the country seeks to boost investment after reaching an international sanctions deal last year, a senior official with the Central Bank of Iran (CBI) said. Oman’s Bank Muscat SAOG, Woori Bank of South Korea and India’s UCO Bank Ltd. are all in the process…
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…
Representative of Russian Railways said the transportation company is seeking to set up a representative office in Iran. Head of the International Cooperation Department at JSC Russian Railways Sergei Stolyarov made the remarks during a speech delivered at the eighth meeting of the Working Group on Iran-Russia cooperation and pointed to the international project pursued…
Head of container affairs of Shahid Rajaei Port in Hormuzgan Province announced on Saturday that 17 international container shipping companies have resumed their activities in the port adding that Maersk Line of Denmark and MOL of Japan as well as CMA of France and Messina of Italy will begin operations in the port soon. Turaj…
The International North-South Transport Corridor (INSTC), which carried out the first test shipment this month between India and Russia, has received a shot in the arm with Germany’s decision to trade with Iran via this connectivity project. Deutsche Bahn has expressed interest in using INSTC and delivering goods from Europe to Iran Deutsche Bahn, a…
Container shipping firm Islamic Republic of Iran Shipping Lines (IRISL) expects to have regained by the middle of next year the business lost while Iran was subject to international sanctions, its chairman said on Thursday. International sanctions were lifted in January following an agreement with world powers on Tehran’s nuclear program. “Step by step, the…
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…
Italian companies seem to be very keen to invest on Iran‘s marine industries, says the head of an Iranian company involved in building fiberglass recreational boats and marine gears on the Kish Island. Two Italian manufacturers of sea light vessels and marine gears participated in the Eighth International Maritime and Offshore Technologies Exhibition held on…
