The localization and optimal use of demulsifiers by the National Iranian South Oil Company (NISOC) have resulted in cost savings of the company by over Rl. 270 billion.

A member of the Iranian parliament says the US sanctions on Iran’s economy had the least impact on the accelerating pace of the country’s petrochemical industry.

133 major energy projects have been inaugurated in various provinces across the country in recent months.

Cyprus regards Turkey’s attempt to explore gas in the Eastern Mediterranean as provocative.

Egypt’s local market demand is still too low to absorb the current glut. and pipeline exports to Jordan are still very low.

Tokyo has chosen to operate independently as it navigates disputes in the volatile region.

The group unveiled a new set of supply curbs just over a month ago.

Apple Inc on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9 as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago.

Iranian Vice-President for Science and Technology Sorena Sattari said the Islamic Republic is ranked among the world’s top five countries in the science of chemistry.

Sorena Sattari said that leaving behind and overcoming sanctions imposed by US against Iran is the main approach and strategy followed up by the Ministry of Oil.