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.
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.
The amount of associated petroleum gas burning out from the 8th South Pars Refinery has reached zero, managing director of the refinery said Tuesday.
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.
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.
Iran and Turkey are negotiating the possibility of setting up joint industrial parks, Iranian deputy industry minister Mohsen Salehinia says.
Tabriz Refinery has improved the quality of its Petrol output which now meets Euro- 5 specifications.
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.
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.
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.
