Iran's Oil, Gas & Petrochemical Current News

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Iran’s 1st compact gasoline station launched Iran’s 1st compact gasoline station launched
15 December, 2018
The first compact Iran’s gasoline station has been commissioned in Tehran, reported the PR office of National Iranian Oil Products Distribution Co ...
Latest with Iran Khomein PP project Latest with Iran Khomein PP project
15 December, 2018
... managing director of Do Aria Polymer Co., referred to the 75% progress made in the project to construct Poly Propylene (PP) plant in the City of Khomein, in central part of Iran by thiscompany, and said ...
Iran expects EU to speed up creation of SPV: ICCIMA president Iran expects EU to speed up creation of SPV: ICCIMA president
15 December, 2018
President of Iran Chamber of Commerce says his country has pinned high hopes on Europe’s financial channel with Iran, known as Special Purpose Vehicle (SPV), calling it the best solution for the problems caused by ...
CNPC’s exit from Iran SP phase 11 is breach of the contract: Zanganeh CNPC’s exit from Iran SP phase 11 is breach of the contract: Zanganeh
15 December, 2018
Iranian Oil Minister Bijan Namdar Zanganeh said CNPC’s leaving South Pars deal would be a violation of the contract and Iran will act accordingly ...
NISOC MD: Subject to finance need no tender rituals for $100-300 Mln projects NISOC MD: Subject to finance need no tender rituals for $100-300 Mln projects
12 December, 2018
... managing director of National Iranian South Oil Co. (NISOC), referred to the projects to sustain and boost the production capacity of the oil reservoirs at NISOC and said ...
Iran January crude oil OSPs down for Asia Iran January crude oil OSPs down for Asia
12 December, 2018
National Iranian Oil Co. (NIOC) has decreased its official selling prices (OSP) of Iranian Light, Heavy and Forouzan Blend crude oil for Asian market for January 2019 ...
Iraq seeking exemption from US sanctions on Iranian gas imports:PM Iraq seeking exemption from US sanctions on Iranian gas imports:PM
12 December, 2018
Iraqi Prime Minister Adel Abdul Mahdi says Baghdad government will send a delegation to the United States to explore avenues for an exemption from sanctions against Iran ...
US energy secretary demands Iraq to stop buying Iranian gas US energy secretary demands Iraq to stop buying Iranian gas
12 December, 2018
US energy secretary has visited Iraq to demand the country end its reliance on Iranian gas and electricity, and open its energy sector to US investment, as the Trump administration steps up pressure on Iran after quitting the nuclear deal ...
CNPC suspends investment in Iran SP on U.S. pressure: Sources CNPC suspends investment in Iran SP on U.S. pressure: Sources
12 December, 2018
China National Petroleum Corp (CNPC) has suspended investment in Iran's South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Washington ...
China imports over 517 kbpd of Iranian oil in November China imports over 517 kbpd of Iranian oil in November
12 December, 2018
China’s crude oil imports from Iran dropped by roughly 37% in November 2018, compare to its privoius month, but the Asian giant remains the main destination for Tehran’s sanctioned crude exports ...
Iran SP Phase 19 ethane sent to Assalouyeh petchems Iran SP Phase 19 ethane sent to Assalouyeh petchems
11 December, 2018
... South Pars Phase 19 project manager, said: “The ethane pipeline from Kangan to Assalouyeh was connected to South Pars Phase 19 Gas Refinery in the past few days ...
Petchem Official: Iran’s future methanol exports to China unpredictable Petchem Official: Iran’s future methanol exports to China unpredictable
11 December, 2018
The decline in global methanol prices and the intensified sanctions against Iran, the wandering state of Iran LPG and polymer cargoes in China, as well as the US-China trade war, and an increase of methanol reserves ...
China's Bank of Kunlun resumes Iran business China's Bank of Kunlun resumes Iran business
11 December, 2018
The main Iran-China banking channel is functioning after China's Bank of Kunlun resumed services for Iranians on Monday, deputy president of Iran-China ...
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