Tag Archives: South Korea

NIOC must have approved of all firms with which a cooperation agreement has been inked.

Iranian crude and condensate exports last month hit a five-month low of around 2.34 million bpd.

IDRO is seeking to regain its real identity and in view of the country’s economic situation.

The operational contract for the huge refinery project has been inked with Sinopec of China.

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

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

Iran has ramped up oil exports to European customers to 710.000 barrels per day

Developmental and optimization projects as well as reduction of fuel oil mark are the main objectives in the Iranian industry.”

Iran is also looking to use the opportunity to push into new markets in Europe.

Daelim is one of the largest companies in South Korea.