The gas transmission pipelines of South Pars gas field’s 13A and 13C platforms have become ready to transmit gas from these platforms to the refinery on the coast. As reported by the portal of Pars Oil and Gas Company (POGC), which is in charge of developing the giant field in …
Read More »Farzad-B Gas Field Development Deal to be Signed Soon
Managing Director of National Iranian Oil Company (NIOC) said on Saturday that the operator for Farzad-B gas field has been determined and the deal for the development of the field is going to be signed in the near future, Mehr News Agency reported. Masoud Karbasian made the announcement on the …
Read More »U.S. Sanctions on Venezuela Broken by Arrival of Iran’s Oil Tanker
Abdel Bari Atwan, the editor-in-chief of the Rai al-Youm website, has told Al Mayadeen TV channel that the U.S. President Donald Trump has suffered defeats as Washington’s sanctions on Venezuela have been broken by arrival of Iran’s oil tanker. President Hassan Rouhani’s warning about Tehran’s firm response in case of …
Read More »Industry Ministry to Establish Export Development Working Groups in Provinces
Iranian Industry, Mining, and Trade Ministry has it on the agenda to establish working groups for developing non-oil export in various provinces across the country, Head of Trade Promotion Organization (TPO) announced. According to Hamid Zadboum, due to the significant role of the country’s provinces in developing export goals and …
Read More »Iran’s Non-Oil Exports to Iraq Increase
Iran’s non-oil exports to Iraq are reported to have increased by 0.7 percent. For the Iranian calendar year 1398 (ended on March 19), non-oil export to Iraq hit $8.9 billion, according to a deputy with the country’s Trade Promotion Organization (TPO). Tehran Times reports that medicines and medical equipment, plastic …
Read More »China, UNIDO to Finance Covid-19 Medical Waste Management Project in Iran
The United Nations Industrial Development Organization (UNIDO) in cooperation with the government of China will jointly finance a project for medical waste management in Iran during the coronavirus outbreak in the country. The project will cost more than one million euros which will be totally provided by UNIDO and China, …
Read More »Iran, Turkey Discuss Cooperation in Fighting Coronavirus
Iranian Majlis Speaker Ali Larijani and Mustafa Sentop, the Turkish parliament speaker, held a phone conversation on Wednesday discussing cooperation and joint actions in containing the coronavirus. Sentop also wished recovery for Larijani who has tested positive for coronavirus. The public relations department of the Majlis issued a statement on …
Read More »Annual Non-Oil Trade at $85b
The value of Iran’s non-oil trade stood at $85 billion in the past Iranian calendar year of 1398 (ended on March 19, 2020), the head of Islamic Republic of Iran Customs Administration (IRICA) announced. Mehdi Mir-Ashrafi put the weight of the country’s annual non-oil trade at 170 million tons and …
Read More »Iran Unveils Domestically-Made Drilling Rig
The rig’s maximum drilling depth is reported to be 20.000 feet. and the structure is able to tolerate a maximum static load of one million pounds.
Read More »Capital Market Able to Meet 50% of Oil Industry’s Investment Needs
Investment risks should be offset by increased interest rates and returns.
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