Pars Special Economic Energy Zone

Operator of South Pars Phase 14 Development project said Platform 14B of the project was being prepared for loading to be installed at its offshore spot, adding the structure would be installed by March 20.

Iranian Minister of Petroleum Bijan Zangeneh said dozens of petrochemical Plants could be established in the western province of Kermanshah.

"Iran has always been and will be a reliable oil supplier for India," the Iranian foreign minister said.

The CEO of National Iranian Oil Products Distribution Company (NIOPDC) said his company was supplying Euro- 4 Gasoil across the country, adding the item would be distributed nationwide soon.

We view sanctions as the conditions or the scope of project, i.e. assessing every factor, which is likely to affect the project processes and the triangle of time-quality-cost for a project.

A Pipeline to carry Sour Gas from Phase 13 of the offshore South Pars gas field to onshore refineries would become operational soon, the project’s operator said.

The Iranian First Vice President said that the United States was trying to choke up Iran’s Oil exports as the main source of revenue for the country, but, “fortunately we have so far been able to sell Oil as much as we needed and have collected its revenues.”

The OPEC 175th ministerial meeting held in Vienna at a time some member states were unhappy with unilateral decisions adopted by some fellow members without having won OPEC consensus.

Iran’s deputy minister of petroleum for international affairs and commerce, Amir-Hossein Zamani-Nia, has said the number of potential buyers of Iran’s Oil has increased despite US threats of sanctions. Zamani-Nia, however, said the countries that recently received sanctions waiver from the US would not buy even an extra one barrel of Oil from Iran.

The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would cross 100 million tons per year once the sector completed its under-construction projects by 2025.