Tag Archives: Production

The output figure for Iran’s petrochemical industry will rise from the current 64 million tons to over 100 million tons.

The funding is part of a $3-billion deal with China'.s Sinopec on renovating the Abadan refinery

Iran is turning to renewable energy forms in order to avoid the side effects of generating power in traditional ways.

Developing phases 20 and 21 aims at producing 50 mcm sweetened and purified gas per day.

Any loss of opportunities to exploit existing capacities. especially in joint fields. will give way to neighbors to carry the day.

The country was already on the way to make a stronger oil market recovery.

Japanese engineering giant JGC Corporation is in advanced negotiations to upgrade the Tehran refinery.

Iran'.s light and higher-value crude averaged $41 per barrel in 2016 and its heavy oil grade averaged $39.19.

The plant is currently operating at 90% of its nameplate capacity.

$32 billion in foreign investment was needed to build 28 petrochemical projects.