TEHRAN, May 21 (MNA) – An oil official said once production volume at South Azadegan reaches 160 thousand barrels per day (bpd), West Karun joint fields will bring a revenue of 2.5 million dollars. Majid Najarian, deputy project director for development of South Azadegan oilfield, said 565 million dollars were invested over three years to […]

TEHRAN (FNA)- Iran’s leading carmaker, Iran Khodro, and German-based Siemens company signed a memorandum of understanding to expand Bilateral ties. The MoU was signed on the sidelines of Iran’s International Exhibition of Control, Instrumentation and Automation. Iran Khodro and Siemens agreed to share know-how and expertise in the fields of marketing, participating in tenders, designing, […]

The Joint statement made by President Hassan Rouhani and Russian leader Vladimir Putin after their meeting in the Kremlin on Tuesday underscores the two countries’ strategic partnership.

On Tuesday, February 21, the oil and petrochemical trading floor of Iran Mercantile Exchange will play host to offering of 71,204 MT of polymer products from Arvand, Amirkabir, Ilam, Abadan, Arya Sasol, Bandar Imam, Polynar, Tabriz, Takht Jamshid , Tondgooyan, Jam, Khuzestan, Rejal, Ghadir, Laleh, Mehr, Takht Jamshid Pars Petrochemical and Jam Polypropylene petrochemical complexes.

Yegane Andish Naft Company (YAN Co.) is participating in The 8th annual Argus FMB Africa Fertilizer conference –

Official figures manifest that South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago _ suggesting that the country is getting a stronger position in the global oil market in a post-sanctions era.