Iran's Oil, Gas & Petrochemical Daily News

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Conditional approval of ‘Palermo Bill’ by Iran’s Expediency Council Conditional approval of ‘Palermo Bill’ by Iran’s Expediency Council
14 May, 2025
On May 14, 2025, Iran’s Expediency Council conditionally approved the country’s accession to the Palermo Convention.
Latest on Iran, US nuclear talks issue Latest on Iran, US nuclear talks issue
14 May, 2025
As of May 14, 2025, the United States and Iran have concluded their fourth round of nuclear negotiations in Oman. While both sides described the discussions....
Iran’s NDF 5th conference to be held on May 19 Iran’s NDF 5th conference to be held on May 19
14 May, 2025
The fifth conference of the Iran’s National Development Fund (NDF), under the title " Development Governance: The National Development Fund and Addressing Imbalances”...
Iran’s NDC plans to buy more drilling rigs Iran’s NDC plans to buy more drilling rigs
14 May, 2025
Managing Director of Iran’s North Drilling Company, stated: "Currently, 12 of our rigs are engaged in drilling operations across both land and sea,....
Iran’s APGT MD: Gas imbalance and production halt in petrochemicals caused liquidity reduction Iran’s APGT MD: Gas imbalance and production halt in petrochemicals caused liquidity reduction
14 May, 2025
Manabging Director of Iran’s Assaluyeh Petrochemical Green Tanks (APGT), stated:  "Last year, since the storage tariff was fixed, ...
Iran’s NISOC issues public call for contractor identification Iran’s NISOC issues public call for contractor identification
14 May, 2025
National Iranian South Oil Company (NISOC) is planning to receive the services of qualified contractors for the purpose of implementing and maintaining...
Iran’s KEPCO issues 2 separate tenders for Amirkabir semi-submersible platform Iran’s KEPCO issues 2 separate tenders for Amirkabir semi-submersible platform
14 May, 2025
Iran’s Khazar Exploration and Production Company (KEPCO) has issued two separate tenders for major repairs and supply ....
Iran’s Nakhl Asmari Petchem to build 'poly-aceta'l plant Iran’s Nakhl Asmari Petchem to build 'poly-aceta'l plant
13 May, 2025
At the 29th International Oil, Gas, Refining, and Petrochemical Exhibition, a memorandum of understanding (MoU) was signed for the project to build ....
Latest Status of Iran's 'Bushehr Petrochemical' from CEO of Shastan Latest Status of Iran's 'Bushehr Petrochemical' from CEO of Shastan
13 May, 2025
CEO of SATA investment Company (Shastan), spoke about the latest status of the second phase of the Bushehr Petrochemical project.
Barriers to Iran’s petrochemical trade with Russia Barriers to Iran’s petrochemical trade with Russia
13 May, 2025
Managing Director of the National Petrochemical Company, referred to Iran’s $250 million petrochemical exports to Russia last Iranian year (ended late March 2025) and identified...
Iran produced 42 Mln tons of petchems last year: NPC MD Iran produced 42 Mln tons of petchems last year: NPC MD
13 May, 2025
Managing Director of the Iran’s National Petrochemical Company (NPC), announced that the current capacity of Iran’s petrochemical industry is about 97 million tons.
Oil demand could see additional upside if tariff disputes are resolved: Aramco Oil demand could see additional upside if tariff disputes are resolved: Aramco
13 May, 2025
Saudi Aramco, expects oil demand to remain resilient this year and sees further upside if the U.S. and China successfully resolve their trade dispute.
FTA to boost Iran-EAEU trade, economic cooperation FTA to boost Iran-EAEU trade, economic cooperation
13 May, 2025
Implementation of an agreement with the Eurasian Economic Union (EAEU), an economic union of five post-Soviet states will help both sides promote trade and economic cooperation...
Iran’s PGPIC to issue lease bonds Iran’s PGPIC to issue lease bonds
12 May, 2025
The Persian Gulf Petrochemical Industries Company (PGPIC), with the advice of Persian Gulf Capital Investment Company (PGCIC)....
Decline in Iran’s foreign investment; CBI seeks indigenous and targeted solutions Decline in Iran’s foreign investment; CBI seeks indigenous and targeted solutions
12 May, 2025
At a time when Iran’s foreign investment and international financing statistics have sharply decreased, Mohammad Reza Farzin, the Governor of the Central Bank,....
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