Pars Special Economic Energy Zone

The three most closely watched Oil Market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global Oil supply will outweigh demand.

The second offshore Platform of South Pars Phase 22- 24 Project was successfully installed.

T he three most closely watched Oil Market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global Oil supply will outweigh demand.

South Korea resumed imports of Iranian Oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.

The Ammonia Unit of Masjed Soleyman Petrochemical Plant will come on-stream by March 2020, to become fully operational by 2021.

Iranian Minister of Petroleum Bijan Zangeneh is scheduled to accompany Parliament Speaker Ali Larijani in his visit to Beijing later this week to negotiate completion of Phase 11 Project of South Pars with CNPCI.

Gasoline Production rose seven-folded over the past four decades after triumph of the Islamic Revolution of Iran in 1979.

Minister of Petroleum Bijan Zangeneh says volume of Iran's Oil Reserves has risen 2.5-fold following triumph of Islamic Revolution of Iran in 1979.

Iran’s average Production of Gasoline has amounted to some 105 million litters a day since the beginning of Iranian calendar month of Bahman (Jan 21), according to a report on Monday by the official website of the Ministry of Petroleum.

Japan's largest refiner JXTG Nippon Oil & Energy is set to resume loading of Iranian crude Oil as early as Monday (Feb 4), almost three months after the US sanctions waiver was granted, S&P Global website reported.