Tag Archives: Pergas International Consortium (PIC)

The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation.

Following the US action. some international companies active in Iranian oil projects said they will withdraw from Iranian projects.

British Pergas seems to do little business in the United States. which potentially boosts its freedom to operate in Tehran.

Tehran would spare no efforts to maintain its oil production and exports at current levels.

Given PCG’s strength in the region’s petrochemicals sector. Saudi Aramco is proud to be entering into a deeper. mutually beneficial partnership in PIC.

The column. measuring 10 metres wide and 66 metres in height weighs 1.300 tonnes. making it among the biggest single crude distillation column in the refining industry.

The company will allocate $1 billion to expand the fields in the first phase and if required.

. Iran is now producing 3.9 million bpd of crude oil and gas condensates.

Philippine energy officials believe that Iran can provide their power plants with the much-needed LNG as it has the world'.s largest gas field.

Pertamina signed a nondisclosure agreement last August with NIOC to conduct studies on the oilfields.