Iran is now a gasoline exporter but the country is not exporting any volumes for the moment, preferring to build up its stocks first, Minister of Petroleum Bijan Zangeneh says.
Ethane Production capacity in Asaluyeh in the southern Bushehr Province will rise by 2 million tons per annum upon the inauguration of four new phases of the South Pars Gas Field in Persian Gulf in March.
Tombak Export-Service Terminal is expected to fully come online by the end of the next Iranian calendar year to March 2020.
Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian Oil without any disruption, Petroleum Association of Japan's president Takashi Tsukioka said.
The CEO of Khazar Exploration and Production Company (KEPCO) said talks between Iran and Azerbaijan were continuing and a joint committee had been formed by the two neighbors.
A top US official discussed this week South Korea’s crude Oil imports from Iran and urged Seoul to accelerate its Oil supply diversification, S&P Global Platts reported on Thursday, quoting a diplomatic source.
An official with the National Iranian Oil Company (NIOC) said Iran’s Oil Industry needed new blood and fresh ideas for development.
Liquefied natural gas prices in North Asia, the world’s biggest market for the fuel, have slumped to the lowest in 17 months as the peak demand season ends with a whimper.
The number of greenfield Oil and Gas projects to get their final investment decision could rise threefold in 2019 all over the world, Norwegian energy consultancy Rystad Energy has forecast.
Iraq and Iran have reportedly begun exchanging crude Oil following a 10-day halt which came after the Kurdish Regional Government (KRG) suspended the swap earlier this month.
