Refining

Gas extraction from the South Pars joint field with 420 million cubic meters daily increase from 280 million cubic meters in 2013 has reached the current figure of 700 mcm, adding gas production from this field has increased 2.5 times.

The operation to build 6 new petrol and gasoil storage tanks has begun at Bandar Abbas Refinery, southern Iran.

Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon. Ali Rabii said public offerings of shares of oil refineries in Isfahan, Tehran, Tabriz and Bandar Abbas will start on June. He noted among the key measures adopted by the government to spur …

The CEO of Isfahan Oil Refining Company said the plant was to launch a diesel treatment by March 2021 which would bring the quality of its gasoil output to Euro-5.

President Trump has spent significant political capital during the coronavirus pandemic tending to the wounds of shale oil producers, but refiners who transform the crude into fuels for consumers are suffering as well. Refineries, with no demand for their fuel, are already operating at about 30% lower capacity than what …

Shazand Imam Khomeini Oil Refinery supplied 5.2 billion liters of Euro-4 petrol over the course of the previous Iranian calendar year which ended on March 19.

Oil prices collapsed to their lowest levels in decades in March amid coronavirus concerns and OPEC+’s failure to reach a deal on production cuts, which prompted Riyadh and its allies to open the taps. Refineries in the United States and Europe are rejecting to accept any more Saudi Oil, even …

Iran has decided to halt work on the expansion of its Abadan oil refinery until mid-April as part of measures to contain the new coronavirus outbreak, the semi-official Mehr news agency said, citing Managing Director of National Iranian Oil Engineering and Construction Company (NIOEC) Saeed Sattari Naini. Iran contracted China’s …

Saudi Arabia is unleashing a wave of crude toward Europe, traditionally the backyard for Russian oil sales, pledging to supply regional refineries with as much as triple their usual intake from the kingdom. The Saudi shipments, coupled with unprecedented discounts, are turning the European oil market into the most bitterly …

Iranian Minister of Petroleum Bijan Zangeneh said Bandar Abbas and Imam Khomeini refineries were to produce 700.000 tons per year of sponge and needle cokes in Iran.