According to SCI data, the figure including oil increased by 3.3 percent, IRNA reported. As reported by the center, based on the fixed prices in the Iranian year 1390 (ended on March 19, 2012), the country’s GDP stood at 3.87 quadrillion rials (about $10.115 billion) including the oil sector, and at 3.326 quadrillion rials (about […]

The Iraqi Ministry of Oil has issued a circular to all Iraqi companies announcing the readiness of Iranian specialized companies to participate in Iraq’s oil and gas projects. According to the representative office of the Ministry of Petroleum of the Islamic Republic of Iran in Iraq, the pursuit of the special representative of the Iranian […]

Saudi Aramco Gulf Operations Company signed a Memorandum of Understanding on Sunday with Kuwait Gulf Oil Company (KGOC) to develop the joint Al-Dorra (Arash) gas field, Reuters reported. The development aims at producing 1 billion cubic feet of gas and 84,000 barrels of liquefied gas per day, according to the Kuwaiti state news agency. Arash […]

The CEO of Bou Ali Sina Petrochemical Company said the company is planning to supply 2 million tons of products in the current year which began on March 21, 2022. The plant’s production capacity is 1.7 million tons per year and realization of 2mt/y would be translated into operating at 120% of its nameplate capacity. […]

In November, we witnessed the flourishing of another plan in the country’s gas industry; unit No. 1 of the Acid Gas Condensation Project of Shahid Hasheminejad Gas Refinery was launched and the executive operation of Unit No. 2 of this project started. Majid Chegeni, the CEO of the National Iranian Gas Company (NIGC), explained in […]

Underlining a recent meeting with the Iranian Minister of Petroleum Javad Owji,  Ahmad Mahdavi Abhari told Tasnim News that feedstock price formula may be revised for petrochemical companies, and said: “With the formation of the first consortium of petrochemical companies to operate in the upstream sector, work has begun on the three gas fields of […]