Iran’s second oil tanker, Forest, arrived in Venezuela amid the US threats. Forest entered the Exclusive Economic Zone (EEZ) of Venezuela early Sunday, met by the country’s navy. It follows the first of five Iranian vessels carrying an estimated total of 1.53 barrels of gasoline between them. The first vessel, …
Read More »Iran’s Oil Min: Hard to Predict Oil Prices as Demand Unclear
Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported. “No one can predict crude prices and now the demand is vague,” Bijan Zanganeh told state radio. Zanganeh also said Turkey had “not welcomed” Iran’s offer to …
Read More »Tehran, Ankara Stress Reopening of Borders to Resume Trade
Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdoğan urged the reopening of joints borders through observing of health protocols as both neighbors are keen to resume trade exchanges.
Read More »Farabi Petchem Co. Ready to Enter Storage Industry
Iran’s Farabi Petrochemical Company is now capable of running storage tanks in the country.
Read More »Iran, Turkmenistan, Uzbekistan Borders to be Reopened in Current Month Amid Pandemic
Borders of Iran, Turkmenistan and Uzbekistan will be reopened on June 1 which had been closed due to the outbreak of the novel coronavirus, also known as COPVID-19.
Read More »Oil, Gas Projects under Way despite Sanctions
The United States cannot bring our nation to its knees because of the plans that we will implement in 1399, after two years and a few months of severe sanctions.
Read More »Offshore Section of South Pars Development Complete by 2021
Completion of the South Pars Offshore Section as well as 17 phases of the massive gas field by the end of President Rouhani’s second term in office to 2021.
Read More »Iran Starts Installation of Phase 11 Jacket
Iran’s Petropars Company has officially started operations to install the jacket of South Pars Phase 11 platform in the Persian Gulf.
Read More »Iran Installs Jacket in South Pars in Total’s Absence
The installation of the first jacket of Phase 11 of South Pars Gas Field started in the Persian Gulf at the order of President Hassan Rouhani to drill 12 wells. President Rouhani said in the videoconference to inaugurate the project that the job is being done in coronavirus time and …
Read More »Production of Extruder Blade Localized at Jam Polypropylene Plant
Experts at Iran’s Jam Polypropylene Plant have successfully localized manufacturing of an important part of an extruder machine.
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