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 …
Read More »Saudis Pledge Huge Oil Supply Increases to European Refiners
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 …
Read More »Iran Refineries to Yield 0.7mt year of Petcoke
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.
Read More »Sulfur Granulation Unit of Isfahan Refinery Operational
The sulfur granulation unit of Isfahan Refinery has been put into operation with the purpose of solidification. storage and packaging of sulfur in accordance with environmental standards.
Read More »CBI to Finance Siraf Refining Project
The central bank of Iran (CBI) was to bankroll Siraf refining project by investing Rls. 200.000 billion in the plan.
Read More »UAE to Invest $5b in Oil Refinery Project in Pakistan
The United Arab Emirates (UAE) will invest $5 billion in an oil refinery project in Pakistan by the end of the year.
Read More »Saudi Aramco`s Share in the World`s Fastest Growing Oil Market
Russian exports to India jumped fivefold to 3 million tons in the year ending March 2018.
Read More »India Strengthens Energy Tie-up with Gulf Region
Reliance Industries Limited (RIL). is to sell 20 percent of the ownership of its refining and petrochemical business to Saudi Aramco for $15 billion.
Read More »Iran Ready to Invest in Major Indian Refinery
India used to be Iran’s second top oil buyer after China until May when US ended waivers granted to the country for import of oil from Iran.
Read More »World’s largest catalytic dehydrogenation plant successfully started up
This single-train dehydrogenation unit uses a CATOFIN catalyst and heat generating material (HGM) from Lummus Technology’s catalyst partner.
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