Pars Special Economic Energy Zone

10% increase in production in optical petrochemicals10% increase in production in optical petrochemicals

10% increase in production in optical petrochemicals10% increase in production in optical petrochemicals

10% increase in production in optical petrochemicals10% increase in production in optical petrochemicals

10% increase in production in optical petrochemicals10% increase in production in optical petrochemicals

South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December while shipments to China have started to return from zero, according to Energy Information Administration data released.

Norway took a partial step in divesting Oil and Gas stocks in its massive $1-trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers such as Royal Dutch Shell Plc and Exxon Mobil Corp.

The Persian Gulf Petrochemical Industries Company is looking closely at ways to add value to its output and is building Petrochemical plants estimated to cost $8.5 billion, the managing director said.

The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding was building petrochemical Projects totally valued at $8.5 billion dollars.

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.

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.