Oil
Gas
Energy Machinery & Equipment
National Iranian Drilling Company (NIDC) has dug 124 oil and gas wells across the country during the past year, Shana reported quoting the managing director of the company as saying on Sunday.
Seyed Abdollah Mousavi said that the drilled wells consisted of one exploration well, 52 appraisal/development wells and 70 workover/completion wells.
He said some 170,270 meters of digging has been conducted for the mentioned onshore and offshore wells.
NIDC, a subsidiary of National Iranian Oil Company (NIOC), undertakes most drilling operations across the country and drilled 4,489 onshore and offshore oil and gas wells in nearly 40 years.
Managing Director of the National Iranian Gas Company (NIGC) said the country's two western gas pipelines, namely the sixth and ninth pipelines, will soon be officially inaugurated by President Rouhani, IRIB reported.
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.
Export of Liquefied Natural Gas (LNG) from Iran’s Doqaroun border to Afghanistan has increased by 200 percent in the first five months of the current Iranian calendar year (March 21-August 22), Fars New Agency reported, quoting Doqaroun Customs Director General Mohammad Kouhgard as saying on Tuesday.
The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.
Iran exported $17.8 billion of non-oil commodities during the first five months of the current Iranian calendar year (March 21-August 22), IRIB reported on Monday.
NLMK Group, Russia, has placed an order with SMS group for the delivery of two gas recovery systems for its Lipetsk site.