Combined with the recently announced INEOS Inovyn deal in Norway, all of INEOS’ assets in the region are now sup-plied with 100% green power generated from hydroelectric production. The Rafnes cracker produces ethylene for a wide variety of applications, including the production of low-density polyeth-ylene (LDPE) at the adjacent Bamble site. These LDPE grades are […]

Morteza Shahmirzaei, who is also the deputy oil minister, added the industry’s nominal production capacity will soar to around 95 million tons by mid-March 2024. Talking in a press conference on the 14th Iran Petrochemical Forum (IPF), he said 70 petrochemical complexes having a nominal output capacity of 92 million tons are now producing more […]

Majid Chegeni added the annual swap also grew 530 percent in terms of value. On the sidelines of ECO Summit in December 2021, Iran, Azerbaijan and Turkmenistan struck a deal to swap 1.5 to two billion cubic meters of Turkmen gas to Azerbaijan. The deal, which was signed after a five-year suspension in Iran-Turkmenistan gas […]

A member of the Iranian Chamber of Commerce said that with the follow-up of the Iran Chamber, a joint chamber of commerce between Iran and Saudi Arabia will soon be established. Keyvan Kashefi, a member of the board of directors of the Iranian chamber hailed the agreement between Iran and Saudi Arabia to resume their […]

The Iranian petrochemical firm, based in Mahshahr, has surpassed its previous records and achieved new production milestones over the last 11 months. Ghadir Petrochemical Company reported that it produced over 123,000 metric tons of polyvinyl chloride (PVC) in the month of Bahman, equivalent to January 20 to February 18, 2023 in the Iranian calendar. This […]

Iraq signed deals with UAE firm Crescent Petroleum and two Chinese companies on Tuesday for the development of six oil and gas fields as it seeks to produce much needed natural gas for power stations and cut imports burdening the country’s budget. United Arab Emirates-based Crescent Petroleum signed three 20-year contracts to develop oil and […]