Pars Special Economic Energy Zone

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.

Tabriz Refinery has improved the quality of its Petrol output which now meets Euro- 5 specifications.

Iran and Turkey are negotiating the possibility of setting up joint industrial parks, Iranian deputy industry minister Mohsen Salehinia says.

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.

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 amount of associated petroleum gas burning out from the 8th South Pars Refinery has reached zero, managing director of the refinery said Tuesday.

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.

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.

A member of the Iranian parliament said that US embargoes on Iran’s Oil industry could never halt the sector’s Progress given the capabilities of Iranian experts in the field.

Two platforms at Phase 13 of the giant South Pars gas field have become ready for operation within four days, the manager of SP13 development project has said.