Thursday Apr 18, 2019 16:52
EIA: South Korea Overtakes China as No. 2 Buyer of US Oil
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 Oil, Gas Divestment Spares Producers
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
Iran Petrochemical Sector Shifting Focus on Value-Added Approach
The Persian Gulf Petrochemical Industries Company is looking closely at ways to add value to its output and is building petrochemical plants estimated to cost $8.5 billion, the managing director said.
Friday08 March 201917:52
PGPIC Building $8.5b Petchem Projects: CEO
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
$6.5b Oil Investment under Way by Tapping Domestic Resources: Zangeneh
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 says seeks US waiver to maintain current oil import from Iran
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
Iran's Euro-5 Gasoline Output Reaches 79 ml/d
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
Euro-5 Petrol Produced at Tabriz Refinery
Tabriz Refinery has improved the quality of its petrol output which now meets Euro-5 specifications.
Wednesday06 March 201915:18
Turkey, Iran discuss setting up joint industrial parks
Iran and Turkey are negotiating the possibility of setting up joint industrial parks, Iranian deputy industry minister Mohsen Salehinia says.
Wednesday06 March 201915:13
Bidboland Refinery a National Project
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
Gachsaran Petchem Plant Key in Regional Development
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
Gas Flaring Near Zero at 8th South Pars Refinery
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 South Pars Phase 14 and Kish Gas Field, Iran's next Priority
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
Goldman Sachs: OPEC, Allies Will Achieve Their Goal by April
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
Isfahan Refinery Supplies 24% of Iran Refined Products
Isfahan Oil Refining Company (IORC) which started out in 1979 is currently supplying 25% of refined petroleum products needed across Iran. Since 2015, IORC has managed to produce one of the most sophisticated refining catalysts used in its gasoline production section. The refinery is currently producing 11 ml/d to 12 ml/d Euro-4 gasoline, 18 ml/d to 20 ml/d gasoil and about 10 ml/d fuel oil.
Monday04 March 201914:54
Sanctions Could Never Stop Iran Oil Progress: MP
A member of the Iranian parliament said that US embargoes on Iran’s oil industry could never halt the sector’s progress given the capabilities of Iranian experts in the field.
Sunday03 March 201915:01
Two Platforms Operational at SP13
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.
Sunday03 March 201914:57
How OPEC Turned Page in 2018
Two key ministerial meetings of the Organization of the Petroleum Exporting Countries convened in 2018 were the among the most significant oil developments of last year.
Sunday03 March 201914:50
Karoon Petchem Plant, Sole Supplier of TDI in ME
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 Operational at SP13
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
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