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Category: Iran

PEDEC inks deal with domestic firm to build oil storage tanks

Iran’s Petroleum Engineering and Development Company (PEDEC) struck a BOT contract with a domestic firm for construction of 10-million-barrel crude oil storage tanks. The Build–operate–transfer…

3rd train of SP.13 Gas Sweetening Unit online by Sept. 29

The third gas sweetening train of the South Pars Phase 13 (SP.13) Refinery will come on-stream on Saturday, September 29, 2018, Pars Oil and Gas…

Iran eyes enhanced gas output by January 2019

Iran is expecting addition of 3 billion cubic feet of natural gas added to its daily production capacity by launching new South Pars phases by…

Trump, Prime Culprit of rising oil prices: Zanganeh

Iranian Minister of Petroleum Bijan Zanganeh said the main culprit of high oil prices was US President Donald Trump and his disruptive, illegal policies. According…

12th IranPlast Kicks off in Tehran

The 12th edition of IranPlast International Exhibition started in Tehran in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zanganeh. Themed…

No production increase discussed at JMMC meeting

Iran’s OPEC Governor Hussein Kazempour Ardebily said no production increase was discussed during Sunday’s meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) in Algiers….

OPEC-Non-OPEC JMMC no decision-making body

Iran’s Minister of Petroleum Bijan Zangeneh said the Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) is not legally competent to make decisions about adjustment of production…

NISOC launches smokeless flare in Khuzestan

The National Iranian South Oil Company (NISOC) launched a smokeless gas flare in Ahwaz, southwestern Iran, in a push to fulfill its environmental agenda. NISOC…

In Big Win for Trump, U.S. Sanctions Cripple Iranian Oil Exports

Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President…

Oil market can’t ignore Iran

Oil market has been experiencing special conditions in recent months. On one hand, oil prices have followed an upward trend while on the other, US…

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