Tag Archives: Iranian Ministry of Petroleum

Despite the US sanctions. many countries. including China. still continue oil imports from Iran.

National Iranian Drilling Company (NIDC). a subsidiary of National Iranian Oil Company. has dug 124 oil and gas wells across the country during the past year. a senior official said.

New oil and gas reserves have been discovered in Iran since last year.

Iranian companies will replace foreign firms in major oil and gas projects of the country after some international contractors slowed down their activities under unilateral pressures from the US.

National Iranian Oil Company is set to grant the development project of the South Pars oil layer. in the Persian Gulf. to a domestic company. a senior official said.

South Pars is the world’s largest gas field.

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that the Europeans should show their seriousness about implementation of the Instrument in Support of Trade Exchanges (INSTEX) by ordering Iran'.s crude.

National Iranian Oil Company will offer light crude oil at today’s session of Iran Energy Exchange (IRENEX).

A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.

The National Petrochemical Company (NPC) of Iran will launch three new petrochemical projects by the end of the current fiscal year (March 2020). a senior official said.