Tag Archives: Production

Newly commissioned Permian basin crude pipelines have yet to boost U.S. crude exports. as the ongoing U.S-China trade war weighs on demand from Asia.

Chief Executive of Lavan Oil Refining Company on Monday Mohammad Ali Akhbari revealed the production of gasoline. observing the euro-5 standard of the European Union (EU).

Iranian Oil Minister said that his country is going to set up 2 petrochemical plants in the North of the country near the Caspian Sea. adding that the new installations will be 100% eco-friendly and in full compliance with all environmental standards.

Caretaker of the Planning and Development Management of Iran’s National Petrochemical Company (NPC) said that the country is expecting two leaps in its petrochemical production in 2021 and 2025 to hit the yearly output of million tons in 5 years.

The first phase development project of Azar Oilfield will be complete with 65.000 b d of crude oil production capacity.

Iran’s non-oil trade with the world surpassed $42 billion in the first 6 months of the current local calendar year. Head of Iran'.s Customs Administration Mehdi Mirashrafi said.

The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production to maximum in the shortest time possible.

Iran’s total capacity of thermal power is around 550 TWh.

Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.

Iran Oil Minister Bijan Zangeneh told Sputnik that export of oil is Iran'.s legitimate right and for doing that the country would employ any methods and would not give up in the face of US sanctions.