The two sides have reached a preliminary agreement to build an ultra-heavy crude refinery.
Read More »1st FPSO Vessel in Iran’s Waters to Recover Oil from South Pars
It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.
Read More »Iranian FPSO On Way for South Pars
The $300-million FPSO unit was built in Singapore and will be deployed above the South Pars'. oil layer in the near future.
Read More »Iran Takes Market Share from OPEC Rivals
Iran’s crude oil and condensate exports rose three percent month-on-month in January.
Read More »Iran’s Steel Exports Top 4.4m Tons in 10 Months
.Iran is currently the world’s 14th largest steelmakers
Read More »East Asian Companies Briefed on Iran Petroleum Contract
NIOC says a second list of qualified companies will be made available soon.
Read More »China Postpone Plan to Launch Shanghai Crude Futures
Asia is becoming the world'.s biggest oil consuming region.
Read More »Asian oil Refinery Margins Jump on Outages in Mideast. Asia
Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems.
Read More »Philippines Eager to Invest in Iran Oil&Gas Fields
Philippines was one of Iran'.s oil customers in the past and is now holding talks for restoring purchases from the OPEC-member oil producer
Read More »Indian ONGC Videsh Ltd. in List of Intl. E&P Companies Qualified by NIOC
Ministry of Petroleum has requested qualified foreign E&.P companies to take part in the process of qualification assessment.
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