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VP: Less Privileged Classes to Pocket Revenues from Gas Price Rise

16 November 2019 - 18:46
Iranian Vice-President and Head of the Management and Planning Organization (MPO) Mohammad Baqer Nobakht said that a total sum of $2.5 to $2.4 billion is estimated to be earned from the gas price hike in the country, adding that the whole amount is planned to be distributed among 18 million families of lower economic status.

Vallourec expects higher tubular demand in Brazil in 4Q

15 November 2019 - 19:55
French tubular steelmaker Vallourec expects Brazilian demand to pick up in the fourth quarter, while oil and gas demand in the US is expected to decline.

Argentina-Bolivia ties cool, gas supply at stake

14 November 2019 - 19:47
Argentina's outgoing administration is withholding formal recognition of Jeanine Anez as the interim president of neighboring Bolivia, a portent of cooler bilateral relations between the two gas-producing countries.

Indian PE growth on hold: Gail

14 November 2019 - 19:09
India's polyethylene (PE) demand is expected to remain at around 8pc until 2021, before being spurred on by economic and infrastructural growth, according to state-controlled gas distributor and petrochemical producer Gail.

Last Yamal Arc7 LNG vessel leaves Okpo for Sabetta

14 November 2019 - 19:00
The final Arc7 ice-class LNG vessel ordered by the 16.5mn t/yr Yamal LNG project will be delivered in late November, Bermuda-based shipowner Teekay Partners said today.

Iran Installs 3rd Platform of South Pars Phases 22 to 24

13 November 2019 - 19:23
The third gas platform of phases 22 to 24 in South Pars Gas Field (SPGF) development plan was installed in offshore sector after loading and transferring it to the sea.

Chevron agrees to sell Philippine gas field: Correction

13 November 2019 - 17:56
Chevron has agreed to sell its 45pc stake in the Philippines' offshore Malampaya gas and condensate field, further scaling back its presence in southeast Asia.

Iran Posts Record Sales of LPG through Energy Bourse

12 November 2019 - 17:57
A new record has been registered in the daily sale of liquefied petroleum gas (LPG) produced in Iranian refineries and supplied through a local bourse mechanism, as reports recount that around 115 million liters of the fuel has been very recently sold in one single exchange.

Bolivia gas, lithium hinge on post-Evo path: Update

12 November 2019 - 16:30
Bolivia's political opposition is coalescing around a caretaker president tasked with ushering the gas-exporting country to new elections after yesterday's tumultuous resignation of longtime president Evo Morales.

Iranian Company to Manufacture Multi-Phase Pumps of Oil Industry

11 November 2019 - 18:13
An Iranian company is planning to mass-produce multiphase pumps, in a bid to further increase the country’s self-sufficiency, frugality, and environmental-friendliness in the field of transporting oil and gas.
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