Tag Archives: Iran

Construction of the production unit began in October 2015. Some 20 herbal medicines will be processed in the factory.

In the current calendar year to March 2018. the completion of four projects which had remained incomplete will add two million tonnes to the country'.s petrochemical production capacity.

The fund is expected to raise $100 billion a year by 2020. with developed nations to make the most contributions.

The company moved about 80 percent of the crude it pumps from its 44.000-45.000 barrels per day field through the swap deal.

Iran'.s export from Siranband border crossing in the Western province of Kordestan was increased by 90 percent during March-May period.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

This is a landmark agreement for the Iranian petrochemical industry. the first trilateral investment deal the country'.s company has closed with foreign partners.

OVer past four years. crude oil price had declining trend or from around $100 per barrel in year 1391 reached to less than 40 dollars in the year 1394. which affect world petrochemicals market as well.

Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.

GECF was set up as an intergovernmental organization with the objective to increase the level of coordination and strengthen the collaboration among the member countries.