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Over 62,000 tons of LPG sold at IRENEX to foreign buyers

4 September 2019 - 18:00
Some 71,000 tons of liquefied petroleum gas (LPG) was offered at the international ring of Iran Energy Exchange (IRENEX) on Monday of which over 62,000 tons was sold to foreign buyers, IRNA reported.

China Will Impose 5% Tariff on US Crude

25 August 2019 - 18:23
China's plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limited buying interest in US crude from Chinese refiners.

New 100,000t SPM system installed in Siraf port

22 August 2019 - 22:32
Iran's Fajr Jam Gas Refinery has installed a new 100,000-ton single-point-mooring (SPM) system near Siraf Export Terminal in southern Bushehr province, Shana reported on Wednesday.

Graham Kerr suggests South32 to avoid heavy investments in alumina refinery as the commodity prices slump

22 August 2019 - 14:37
Australian mining and metals company South32’s chief executive Graham Kerr reportedly says that it’s not the right time to commit large investments in alumina refineries expansion, as the return of Brazil’s Alunorte alumina refinery’s production creates an oversupply of the commodity which therefore leads to the price drop.

Australian crude output keeps falling

19 August 2019 - 16:30
Australian crude production of 113,000 b/d fell to its lowest level in more than 35 years in the 2018-19 fiscal year to 30 June, down by 16pc from the previous low of 134,000 b/d the previous year, while condensate output reached a record high.

Iran’s daily gasoline output exceeds 100m liters

16 August 2019 - 11:41
Gasoline production in Iran has exceeded 100 million liters per day, according to the chairman of the Association of Iranian Refining Companies.

PdV, Sulzer to swap refinery work for products

15 August 2019 - 19:00
Venezuelan state-owned PdV is preparing to sign a barter agreement with Swiss contractor Sulzer to repair its refineries in exchange for the supply of fuel oil, asphalt and petroleum coke, according to presidential palace, oil ministry and PdV officials in Venezuela.

CEO: Iranian firm wins tender to develop SP Phase 14

13 August 2019 - 23:59
Iran’s Petropars Operation and Management Company (POMC) has won a tender to develop and put into operation the Phase 14 of the South Pars (SP) Gas Field in southern Iran, said the firm’s managing director.

Chinese private-sector firms face refining pressure

12 August 2019 - 21:28
Chinese private-sector firms Rongsheng and Hengli relied on petrochemicals to generate profits in this year's first half, despite raising run rates at their new integrated refineries.

NIOC still negotiating South Pars phase 11 project with CNPC

8 August 2019 - 00:51
Managing Director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said National Iranian Oil Company (NIOC) is still in talks with China’s CNPC regarding the phase 11 project of developing South Pars gas filed, ILNA reported.
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