News

$100b Investment Potential in Petchem Industry
 

$100b Investment Potential in Petchem Industry

TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) says Iran's petrochemical industry has the capacity to absorb over 100 billi...

Major Gas Refiner Plans Enhanced Condensate Exports
 

Major Gas Refiner Plans Enhanced Condensate Exports

TEHRAN (Shana) – Iran's Fajr Jam Gas Refinery is renovating Siraf Export Terminal with the aim of boosting its gas condensate exports from t...

Oil Prices Gain On Supply Concerns In Iran, Libya, Canada
 

Oil Prices Gain On Supply Concerns In Iran, Libya, Canada

NEW YORK, July 9 (Reuters) - Oil prices gained on Monday, with U.S. crude ending a choppy session higher on expectations for a Canadian production out...

No Halt in South Korea Oil Purchase from Iran
 

No Halt in South Korea Oil Purchase from Iran

TEHRAN (Shana) -- South Korean Embassy in Tehran announced on Saturday the country's purchase of crude oil and gas condensate from Iran was contin...

​Iran Slams Trump for OPEC Rhetoric
 

​Iran Slams Trump for OPEC Rhetoric

TEHRAN (Shana) -- A senior Iranian energy official reacted to US President Donald Trump's latest tweet calling on OPEC to reduce prices. The fo...

Iran’s OPEC envoy: Oil price soon to reach $100 per barrel
 

Iran’s OPEC envoy: Oil price soon to reach $100 per barrel

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174th OPEC Summit and Balance of Power in Oil Market
 

174th OPEC Summit and Balance of Power in Oil Market

TEHRAN (Shana) -- The oil market fever never ceases and the struggles over how OPEC's oil supply rises in the market linger; such struggles have t...

MPs Endorse Petroleum Ministry Policies at OPEC
 

MPs Endorse Petroleum Ministry Policies at OPEC

TEHRAN (Shana) -- A group of 217 members of the Iranian parliament signed a statement endorsing the policies adopted by the petroleum ministry in OPEC...

Iran Petchem Output at 13.2 mt in Q1
 

Iran Petchem Output at 13.2 mt in Q1

TEHRAN (Shana) -- Iran’s petrochemical facilities processed as many as 13.2 million metric tons of petrochemical products over the first three m...

Shell CEO says 'foolhardy' to set carbon reduction targets
 

Shell CEO says 'foolhardy' to set carbon reduction targets

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Iran Calls on OPEC to Remind Members to Adhere to Production Quota
 

Iran Calls on OPEC to Remind Members to Adhere to Production Quota

TEHRAN (Shana) -- Iran called on the Organization of the Petroleum Exporting Countries (OPEC) to prevent some members from increasing their output wit...

IGAT-6 Gas Pipeline Fully Operational
 

IGAT-6 Gas Pipeline Fully Operational

TEHRAN (Shana) -- Iran has fully launched the 6th nationwide gas trunkline (IGAT-6) which bolsters the country's gas export capacity to Iraq. ...

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