Tag Archives: Iranian News Agency

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.

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.

Iran'.s in-place oil reserves are estimated at 800 billion barrels.

According to a TPO official. the Iran-Ghana Joint Economic Cooperation Commission meeting will be held in Ghana in two months.

Asian companies have actively sought downstream projects in Iran'.s emerging petroleum industry after the easing of international sanctions in January of last year.

The deal for phase 11 of the field marked the first by a major global energy company signed with Iran since the easing of sanctions against Tehran in January 2016.

Up to now the presence of at least 92 international and foreign high-level delegations has been finalized. and a likely increase is possible in the number of other delegations.

In July. Iran managed to ship over 2.2 million barrels of crude oil to Asian and European markets.

Iran is determined to broaden cooperation in renewable energy with Italy.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Petropars 19.9 percent.