Tag Archives: SHANA

Iranian Minister of Petroleum Bijan Zangeneh said Bandar Abbas and Imam Khomeini refineries were to produce 700.000 tons per year of sponge and needle cokes in Iran.

A contract was signed between Petrochemical Research and Technology Company (PRTC) and Tabriz Petrochemical Company for building Iran’s first heavy polyethylene plant.

The plant had done great in the month of Dey (which begins on December 22 to January 20) and its sales had exceeded the plant’s output.

His company had planned to launch a project which would enhance its chlorine output breaking the country’s production record of the item.

Iran could support deeper cuts in crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) if a majority of the members agreed with it.

The CEO of Lordegan Petrochemical Project said the plant’s construction was nearly complete (98%). adding the project would come online soon.

OPEC producers in OPEC+ are currently discussing whether to meet earlier than their scheduled gathering in Vienna on March 5-6.

Iran’s gas exports to Iraq continued uninterrupted.

The production capacity of Darkhovin Oilfield had increased by 20.000 b d over the course of the past 12 months.

The oil market was under pressure because of coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel. adding. Efforts must be made to ensure the market balance.