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Mahshahr’s butane chain project to realize 2nd leap in petchem sector

26 June 2020 - 04:29
The first project in the butane chain in Mahshahr will be ready for operation with the aim of commercial production of three important and new items, parallel with planning for realization of the second petrochemical leap in Iran, Shana reported.

OPEC+ Panel To Discuss Compliance With Oil Production Cuts

14 June 2020 - 01:06
An OPEC+ monitoring panel will meet next week to discuss the ongoing record production cuts to see how laggards in compliance are doing with making up for flouting quotas, but will not be making any decisions regarding the collective cut that was just extended through the end of July, five OPEC+ sources told Reuters on Friday.

Vedanta books $1.7 billion loss in Q4 as oil prices plunge

10 June 2020 - 02:49
Indian miner Vedanta Ltd reported a net loss of 125.2 billion rupees ($1.7 billion) for the fourth quarter of its financial year, compared with a profit of 26.15 billion rupees in the same period a year earlier.

Oil industry’s gas flaring down 25%

10 June 2020 - 01:28
Managing Director of National Iranian Oil Company (NIOC) says the oil industry’s flare gas waste in the previous Iranian calendar year (ended on March 19) declined by 25 percent compared to the preceding year.

Fifth fuel cargo from Iran due in Venezuela by 1 June

31 May 2020 - 04:29
Venezuela received a fourth products tanker from Iran overnight, with a fifth scheduled to moor by 1 June.

Pertamina pursues Cilacap refinery plans without Aramco

31 May 2020 - 04:11
Indonesia's state-owned oil firm Pertamina will upgrade and expand its 348,000 b/d Cilacap refinery on its own, indicating that a delayed joint development with Saudi Arabia's state-controlled Saudi Aramco has fallen through.

Iran’s 4th Tanker Anchors at Venezuelan Port

30 May 2020 - 01:26
The fourth ship of Iran's fuel-carrying flotilla berthed at Venezuela's port on Friday morning as an indicative of the resolve of two independent Iranian and Venezuelan nations to pursue the right to free shipment.

NIDC digs 23 oil, gas wells in 2 months

28 May 2020 - 03:06
National Iranian Drilling Company (NIDC) dug and completed digging operation of 23 oil and gas wells during the first two months of the current Iranian calendar year (March 20-April 19), the company’s director for consolidated planning announced.

Iran-Amirkabir drilling platform goes operational after 4 years

28 May 2020 - 02:58
Iran’s Khazar Exploration and Production Company (KEPCO) has successfully put Iran-Amirkabir drilling platform into operation after four years, despite the U.S. sanctions.

SP phase 11 jacket installation starts

24 May 2020 - 01:16
Iranian President Hassan Rouhani ordered start of the jacket installation in the Block-B reservoir of South Pars gas field ‘s phase 11 of development via video conference on Thursday, Shana reported.
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