Pars Special Economic Energy Zone

An official with the National Petrochemical Company (NPC) said Kaveh Petrochemical Complex was about to be commissioned, adding the project would become operational within the next two months.

Iran’s natural Gas export which was halted by damage to IGAT-6 Pipeline has resumed.

Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut and bolster the prices.

Iran’s Kermanshah Polymer Company (KPC) is to increase its polyethylene production capacity by 12 percent.

The director of operations at Hengam Petrochemical Plant announced that the facility’s urea production capacity would increase by using the excess CO2 produced by the ammonia unit of the plant.

Until eight years ago, everyone was worried about incomplete petrochemical Projects. But today, the same Projects are offering a variety of petrochemicals, which largely contribute to the Iranian economy. The accelerated development of petrochemical Projects under the 11th and the 12th administrations resulted in the development of a large number of products.

Operator of phases 22 to 24 of the South Pars gas field said two offshore platforms belonging to the projects would become operational by late January 2019.

South Pars Phase 14 Gas Production at 28 mcm/d

The newly-appointed CEO of the National Iranian Oil Company ( NIOC) said the company’s chief agenda was implementation of the policies of the Iranian ministry of petroleum and the Islamic establishment to counter Oil embargoes on the country.

The US withdrawal from Iran’s 2015 nuclear deal with six world powers and Washington’s attempts to cut Iran’s Oil exports to zero have raised serious questions about the future of energy market and possible fluctuations and shocks in the Oil market.