TEHRAN, Sep. 17 (MNA) – Prices for light crude of Iran climbed by more than one dollar to be traded at 53 dollars per barrel in the week leading to September 08. As reported by the Iranian Ministry of Petroleum, in the seven days leading to September 08, Iran’s light crude prices grew by $1.48 […]

TEHRAN, Aug. 29 (MNA) – SPGC managing director said a total of one thousand billion cubic meters of sour gas have been recovered from South Pars platforms since the first day of operation. Masoud Hassani, Managing Director of South Pars Gas Complex (SPGC) said, since inauguration, refineries located at South Pars field have injected 900 […]

TEHRAN, Aug. 08 (MNA) – In the near future and in line with further development, petrochemical industry of Iran will attract five billion dollars of foreign investment from three European companies. Director for Investment of National Petrochemical Company (NPC) Hossein Alimorad made the remarks highlighting that Return on Investment (ROI) in the Iranian industry was […]

TEHRAN, Aug. 07 (MNA) – An SPGC official said Phases 15 and 16 of South Pars joint field produce over 50 million cubic meters of sweet gas per day. “The refinery has an output capacity of 75 thousand gas condensate barrels per day which can supply feed to domestic refineries or be used for export […]

TEHRAN, Aug. 01 (MNA) – Iran’s Ministry of Oil announced that Total-NIOC contract to develop offshore section of phase 11 of the giant South Pars gas field was approved at the meeting of the Oil Resources Supreme Supervisory Board. Head of Iranian Parliament’s Planning and Budget Commission Gholamreza Tajgardoon said the contract to develop Phase […]

TEHRAN, Jul. 18 (MNA) – The National Iranian South Oil Company (NISOC) and Russia’s JSC Zarubezhneft have inked an MoU to develop Shadegan and Rag Sefid oil fields. The Memorandum of Understanding (MoU) on study cooperation for development of Shadegan and Rag Sefid oilfields in Khuzestan Province was signed in July 17 by NISOC Managing […]