Iran's Oil, Gas & Petrochemical Current News

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Iran BIPC in talks with banks to fund the olefins project Iran BIPC in talks with banks to fund the olefins project
16 February, 2019
... managing director of Bandar-e-Imam Petrochemical Co. (BIPC), referred to the tender held for the olefins unit of this complex, with an investment of about $ 550 Mln ...
Iran Ilam Petchem hydrogen unit launched Iran Ilam Petchem hydrogen unit launched
16 February, 2019
The hydrogen production unit of Ilam Petrochemical Complex got on stream by domestic experts, and the hydrogen produced at this complex is transferred to high density polyethylene ...
Iran 1st condensate offering fails to attract buyer at IRENEX Iran 1st condensate offering fails to attract buyer at IRENEX
16 February, 2019
Offering the first gas condensate offering at Iran Energy Exchange (IRENEX) failed to attract any buyers, reported the Fars News agency ...
Turkey ready to set up own SPV for Iran: Erdogan Turkey ready to set up own SPV for Iran: Erdogan
16 February, 2019
Turkish President Recep Tayyip Erdogan said his country is "ready" to set up its own trade mechanism with Iran, allowing companies from the two neighboring countries to continue with their ...
Iran March crude oil OSPs up for Asia Iran March crude oil OSPs up for Asia
13 February, 2019
National Iranian Oil Co. (NIOC) has increased its official selling prices (OSP) of Iranian light, heavy and Forouzan Blend crude oil for Asian market for March 2019 ...
Iran crude output as reported by OPEC (Jan-update) Iran crude output as reported by OPEC (Jan-update)
13 February, 2019
According to secondary sources, total OPEC-14 preliminary crude oil production averaged 30.81 Mln bpd in January 2019, a decrease of 797,000 bpd over the previous month ...
Iran main oil products’ production/consumption rates Iran main oil products’ production/consumption rates
13 February, 2019
Mojtaba Delbari Director of Supply & Distribution Dept. at National Iranian Oil Products Distribution Co. (NIOPDC) stated: “Since the beginning of this (Iranian) year (started 21st of March 2018), an average amount ...
Pre-qual held for Iran Genaveh -Kharg gas pipeline design Pre-qual held for Iran Genaveh -Kharg gas pipeline design
13 February, 2019
In order to supply the methane gas feed for Iran Kharg Petrochemical Complex, and for its expansion plan (phase II) in particular, this complex will be connected to the cross-country gas grid through ...
Iran IGTC prepares a 10-year outsourcing  plan Iran IGTC prepares a 10-year outsourcing plan
13 February, 2019
Due to the 38,000 km long gas transfer pipeline, 82 gas pressure booster stations, 294 compressor units and 60 yards Iranian Gas Transmission Co. (IGTC) has in hand, it has succeed to transmit ...
Iran petchem output and export rates in 10 months Iran petchem output and export rates in 10 months
13 February, 2019
The production rate of Iran’s petrochemical complexes in the first ten months of the current (Iranian) year (started late march 2018) reached a total of 44.8 Mln tons, while their export rate exceeded ...
Iran’s oil revenues up in 9 months: CBI Iran’s oil revenues up in 9 months: CBI
12 February, 2019
According to a report released by the Central Bank of Iran (CBI), the income of the country from its crude oil sale was Rials 724 Tln in the first 9 months of current ...
Iran's oil revenues up by about 49% Iran's oil revenues up by about 49%
12 February, 2019
Despite sanctions by the US to zero Iran’s oil exports, statistics show that over the course of the first nine months of this current Iranian year (ending 20th of March 2019), revenues from crude oil sales reached ...
US House Committee approves NOPEC bill US House Committee approves NOPEC bill
12 February, 2019
A U.S. House of Representatives committee last week approved a bipartisan bill threatening OPEC members with persecution for collusion under U.S. legislation ...
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