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»Home »Current News

Oil, Gas and Petrochemical Current News

PetroPars resumes Moghan exploration in north Iran  (S)
Wednesday, October 29, 2014   (
... the representative of Ardebil province at Iran parliament, talked of oil exploration operations in Moghan hydrocarbon block in this province, as saying: “In line with the talks ...
Investors of ‘Siraf Refining Park’ to be known by weekend  (S)
Wednesday, October 29, 2014   (
Deputy for Iran oil minister Mansour Moazami revealed that the results of the assessment of investment applicants for ‘Siraf Refining Park’ will be made known by the end of the week ...
PetroPars drilling activity reports at South Pars  (S)
Wednesday, October 29, 2014   (
... director of drilling at Petropars Co. stated that two jack-up rigs are currently active in phase 19 of South Pars gas field and said: ...
Iran News In Brief  (S)
Wednesday, October 29, 2014   (
Persian Gulf News In Brief  
Wednesday, October 29, 2014   (
Iraq News In Brief  
Wednesday, October 29, 2014   (
Iran S. Azadegan phase I development project underway  (S)
Tuesday, October 28, 2014   (
... South Azadegan oilfield development project manager at Petroleum Engineering and Development Co. (PEDEC), talked of the progress this project has so far made, and added ...
An oil price of $70-75 fits Iran’s next year budget: NIOC Official  (S)
Tuesday, October 28, 2014   (
... director of international affairs at National Iranian Oil Co. (NIOC), stated that it would be suitable to set a price of $70-$75 per barrel of oil in the budget of next (Iranian) year (starting March 2015) ...
Iran S. P phase 12 platforms B & C at commissioning stage  (S)
Tuesday, October 28, 2014   (
Hook up and pre-commissioning operation of platforms B and C of South Pars phase 12 have ended and commissioning of these platforms ...
Iran Pardis Petchem phase III at 70% headway  (S)
Tuesday, October 28, 2014   (
Construction of Ammonia and Urea units at phase III of Pardis Petrochemical Co. (PPC) project has made an overall 70% physical progress and its commercial production has been planned to start ...
Iran gas condensates export from S.P up by 170% in a month  (S)
Tuesday, October 28, 2014   (
... He continued: “Gas condensates composed 64% and 69% of the total export goods, weight-wise and value-wise respectively ...
Iran News In Brief  
Tuesday, October 28, 2014   (
Oil drops below $85 due to supply 'glut'  
Tuesday, October 28, 2014
Brent crude oil fell below $85 (Dh312.24) a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite ...
Persian Gulf News In Brief  
Tuesday, October 28, 2014   (
Iran ‘1st Int’l Bitumen Convention’ kicks off in Tehran  (S)
Monday, October 27, 2014   (
With an aim to review and upgrade the quantity and quality of production and consumption of bitumen, Iran’s ‘Pasargad 1st Int’l Bitumen Convention’ has started in Tehran ...
Iran may face budget deficit this year: Parliament RC  (S)
Monday, October 27, 2014   (
... a member of Iran’s Parliament Research Center, referred to the Iran’s budget for this (Iranian) year (started March 2014) which sees average oil price at $100 per barrel, and said ...
Technical bids for basic design of Siraf opened  (S)
Sunday, October 26, 2014   (
The newly registered ‘Siraf Refining Park Infrastructure Company' (SRPIC), has opened technical bids for basic design of ‘Siraf Refining Park’ and has officially started to review the bids ...
Bahman Geno Heavy Oil Refinery likely to be built at Jask  (S)
Saturday, October 25, 2014   (
... Provided that its relevant feasibility study proves positive, the location to construct Bahman Geno Heavy Oil Refinery (Hormoz Oil Refinery) will be transferred from Bandar Abbas ...
Iran ‘Qeshm Gas Condensates Refinery’ eying for cash  (S)
Saturday, October 25, 2014   (
About ten years ago, in 2004, the project to construct ‘Qeshm Gas Condensates Refinery’ with a capacity of 120,000 bpd of condensates kicked off, and privately owned Qeshm Naft-e-Nik Co ...
Iran News In Brief  (S)
Saturday, October 25, 2014   (
Iran, Iraq Eye US$30-billion Trade  
Saturday, October 25, 2014
Iran and Iraq are working to finalise a trade agreement which could quintuple their bilateral trade to US$30 billion per year, Iran's Islamic Republic News Agency (IRNA) reported ...
Persian Gulf News In Brief  
Saturday, October 25, 2014   (
Iraq News In Brief  
Saturday, October 25, 2014   (
Total names refining boss to replace De Margerie  
Saturday, October 25, 2014
French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow ...
Iran Lavan Oil Refinery eying to build a mini-refinery  (S)
Wednesday, October 22, 2014   (
... process to obtain a basic approval of National Iranian Oil Refining and Distribution Co. (NIORDC) to boost the capacity of the refinery ...
Iran ICOFC holds a tender for well logging services  (S)
Wednesday, October 22, 2014   (
Iranian Central Oil Fields Co. (ICOFC) intends to hold a tender to assign well logging services of its oilfields’ wells in order to access a continuous status report on well deviations ...
Iran News In Brief  
Wednesday, October 22, 2014   (
Persian Gulf News In Brief  
Wednesday, October 22, 2014   (
Iran crude oil OSPs down in November  (S)
Tuesday, October 21, 2014   (
National Iranian Oil Co. (NIOC) decreased its official selling prices (OSP) of Iranian Light, Heavy and Forouzan Blend crude oil supply of November ...
Iran petchem feed still to be suffered till 2016  (S)
Tuesday, October 21, 2014   (
... in order for a sustainable supply of petrochemical feedstock, South Pars phases 15, 16, 17 &18 development project should be completed, and added: “At least a period of two years is required ...

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