The 24th Iran International Oil. Gas and Petrochemical Exhibition (Iran Oil Show 2019) began on Wednesday (May 1) and will continue until May 4 (Saturday).
Read More »Iranian Firms Sign Contract on Supplying Catalysts for Methanol Production
Iran’s methanol production capacity stands at over five million tons per year.
Read More »Iran Considers Petchem Development in Coastal Regions of the Caspian Sea
Iran’s total petrochemical output stands at 55 million tons per annum of which a portion is consumed domestically and the rest exported.
Read More »Iran not Lagging Behind in Extraction from West Karoon Oilfields
West Karoon sits on over 70 billion barrels of oil reserves.
Read More »Iran`s NITC Says No Oil Leak Caused by Its Tanker after Engine Failure
The tanker is now safe and no injuries have been reported so far.
Read More »China. India to Form Buyer’s Bloc That Favors Importers
Nations in Asia are mostly dependent on West Asian producers for their demand for oil.
Read More »Crude Oil Futures Lower on Trump Comments. Awaits Fresh Cues
The 21-mile Strait of Hormuz at the mouth of the Persian Gulf handles roughly 40% of global crude trade.
Read More »Shell`s New Deepwater Discovery in Gulf of Mexico
This discovery in a Shell heartland adds to the company’s Paleogene exploration success in the Perdido area.
Read More »No Country Allowed to Replace Iran in Oil Market
Iran will hold the US and those countries accountable for the negative consequences of attempts to chock Iranian oil exports.
Read More »OPEC Risks Gambling Away Success again as US$80 Oil Looms
OPEC and its partners launched a new round of output cuts at the beginning of the year.
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