South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December while shipments to China have started to return from zero, according to Energy Information Administration data released.
Saturday09 March 201918:02
Norway took a partial step in divesting oil and gas stocks in its massive $1-trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers such as Royal Dutch Shell Plc and Exxon Mobil Corp.
Saturday09 March 201917:56
The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding was building petrochemical projects totally valued at $8.5 billion dollars.
Thursday07 March 201917:40
Iranian Minister of Petroleum Bijan Zangeneh said the country was planning to invest 6.5 billion dollars in petroleum projects by resorting to domestic resources.
Thursday07 March 201917:35
India has said that it plans to maintain Iran oil import at the current level and is negotiating with the US to secure an extended exemption from US sanctions targeting Iran’s energy sector.
Thursday07 March 201916:29
Production of gasoline compliant with Euro-5 emission standards started in Tabriz Oil Refining Company in East Azarbaijan Province on Wednesday, managing director of the company said.
Wednesday06 March 201916:20
Tabriz Refinery has improved the quality of its petrol output which now meets Euro-5 specifications.
Wednesday06 March 201915:18
Iran and Turkey are negotiating the possibility of setting up joint industrial parks, Iranian deputy industry minister Mohsen Salehinia says.
Wednesday06 March 201915:13
The CEO of the National Petrochemical Company (NPC) said Bidboland II Gas Refinery Project was a valuable, national project and played a key part in the oil and gas industry of the country.
Tuesday05 March 201915:00
The CEO of the National Petrochemical Company (NPC), Behzad Mohammadi, said Gachsaran Petrochemical Project was instrumental in completion of the value chain in southwestern Iran.
Tuesday05 March 201914:49
The amount of associated petroleum gas burning out from the 8th South Pars Refinery has reached zero, managing director of the refinery said Tuesday.
Tuesday05 March 201914:12
Developing Phase 14 of South Pars Gas Field along with the Kish Gas Field are among priorities of Pars Oil and Gas Company in the next fiscal (begins March 21), the managing director said.
Tuesday05 March 201914:03
OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month, says Jeff Currie, global head of commodities research at Goldman Sachs.
Tuesday05 March 201912:51
Iran’s Karoon Petrochemical Plant supplies 100 percent of the Middle East’s toluene diisocyanate (TDI), the plant’s CEO says.
Thursday28 February 201917:43
Two platforms at Phase 13 of the giant South Pars gas field have become ready for operation within four days, the manager of SP13 development project has said.
Thursday28 February 201914:37