Iran's Oil, Gas & Petrochemical Daily News

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Iran crude output as reported by OPEC (July-update) Iran crude output as reported by OPEC (July-update)
17 August, 2019
According to secondary sources, total OPEC-14 preliminary crude oil production averaged 29.61 Mln bpd in July 2019, lower by 246,000 bpd m-o-m. Crude oil output decreased mostly ...
U.S. warrant issued for seizure of Iranian ‘Grace-1’ U.S. warrant issued for seizure of Iranian ‘Grace-1’
17 August, 2019
The U.S. Justice Department issued a warrant Friday for the seizure of the Iranian oil supertanker Grace 1, one day after a Gibraltar judge allowed the release of the detained vessel ...
Request to extend Iran refineries expansion plan: ORICA Request to extend Iran refineries expansion plan: ORICA
14 August, 2019
Since late November 2018, no gasoline has been imported to Iran and the Persian Gulf Star Condensate Refinery (PGSCR) is currently produces 45 Mln lpd of gasoline ...
Iran JPC F-106 furnace revamped Iran JPC F-106 furnace revamped
14 August, 2019
The project to revamp ‘F-106’ furnace of olefins unit of Iran Jam Petrochemical Co. (JPC) has ended, reported the PR office of JPC ...
Iran shared Azadegan oilfield recovery rate is 5%: NIOC Official Iran shared Azadegan oilfield recovery rate is 5%: NIOC Official
13 August, 2019
... director of corporate planning at National Iranian Oil Co. (NIOC), said: “Based on the master development plan (MDP) submitted to NIOC, the initial recovery rate of the Sarvak layer of South Azadegan oilfield ...
Iran EOGPC production plan 103% realized: Company MD Iran EOGPC production plan 103% realized: Company MD
13 August, 2019
... managing director of Iran East Oil & Gas Production Co. (EOGPC), a subsidiary of Iranian Central Oil Fields Co. (ICOFC), stated that the gas production plan of the company has been realized by ...
Rials 5,000 Tln parallel forward bonds to be offered at IRENEX Rials 5,000 Tln parallel forward bonds to be offered at IRENEX
13 August, 2019
Iran’s Ministry of Economic Affairs and Finance (on behalf of the Government) will offer standard parallel forward crude oil bonds worth Rials 50 Tln at Iran Energy Exchange ...
Iran’s detained ‘Grace 1’ signals new destination then reverts Iran’s detained ‘Grace 1’ signals new destination then reverts
13 August, 2019
Maritime security company Dryad Global reports that the detained VLCC Grace 1 signaled a new destination of Morocco at 1340 UTC on August 12, and then at 1352 UTC she removed the update ...
Iran September crude oil OSPs down for Asia Iran September crude oil OSPs down for Asia
13 August, 2019
National Iranian Oil Co. (NIOC) has decreased its official selling prices (OSP) of Iranian light, heavy and Forouzan Blend crude oil for Asian destinations for September 2019 ...
NIOC to offer Iranian light at IRENEX on Tuesday NIOC to offer Iranian light at IRENEX on Tuesday
11 August, 2019
National Iranian Oil Co. (NIOC) will offer two Mln bbls of Iranian light crude oil at the international market of Iran Energy Exchange (IRENEX) at the base price of ...
Iran Ilam Olefins operational in Nov. 2019: IIPGC MD Iran Ilam Olefins operational in Nov. 2019: IIPGC MD
11 August, 2019
Phase 2 of the project to construct Ilam Petrochemical Complex has made over 95% headway, while its sweetening and olefins units have made about ...
Iran Lordegan Urea/Ammonia on-stream in Feb 2020: IIPGC MD Iran Lordegan Urea/Ammonia on-stream in Feb 2020: IIPGC MD
11 August, 2019
The project to construct Lordegan Petrochemical Complex, with an annual production capacity of 1.755 Mln tons of urea and ammonia, has made over ...
Iran Gachsaran Olefins project at 61% headway Iran Gachsaran Olefins project at 61% headway
11 August, 2019
Construction of Iran Gachsaran Petrochemical Complex (8th Olefins) has made 61% headway, the financial resources of which are expected to be secured through issuing public bonds and financial facilities ...
Studies to build Iran Urmia Melamine Park underway: IIPGC MD Studies to build Iran Urmia Melamine Park underway: IIPGC MD
11 August, 2019
Economic studies over construction of Iran Urmia Melamine Park with six small Melamine units have been already conducted ...
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