The head of Shahid Tondgouyan Petrochemical Compound announced the historical production record of 756,000 tons of polyethylene terephthalate since the beginning of the current calendar year, which began on March 21 According to Shahid Tandgouyan Petrochemical Company, Amin Malekzadeh said the plant’s output stood at 1.125 million tons last calendar year which was a new […]

 BASF said costs at its European sites must be cut to a “permanently” smaller size because of a triple burden of sluggish growth, high energy costs and over-regulation, with the German industrial giant’s boss throwing his weight behind a planned expansion in China. “These challenging framework conditions in Europe endanger the international competitiveness of European producers […]

Global natural gas production increased by nearly 5 percent to reach a record 4.04 trillion cubic meters in 2021, according to data from Statista. Russia currently ranks as the world’s second largest natural gas producer and is the leading exporter of the fuel. Last year, Russia’s natural gas exports came in at 202 billion cubic […]

Natural gas deliveries from Iran to Turkey will be disrupted from Oct. 2 to Oct. 9 due to scheduled maintenance, Turkey’s Petroleum Pipeline Corporation (BOTAŞ) said Sunday. “Due to the planned inspection and maintenance works to be carried out on the Iran-Turkey Natural Gas Pipeline between 02-09/10/2022, gas delivery from the Gürbulak entry point to […]

Formosa Plastics Group still intends to build and operate a massive plastic and petrochemical plant proposed for Louisiana, the company said on Thursday, despite a judge’s decision to revoke its state air permits. FG LA, a unit of Formosa, said in a statement that it “intends to explore all legal options” and continue to pursue […]

During the meeting on Wednesday, 14th September 2022, Iran’s Oil Minister Javad Owji and Azim Ahmad Khojaf Acting Energy Minister of Uzbekistan signed a memorandum of understanding (MoU) for cooperation in various energy sectors, reported the News Agency of Iran Oil Ministry. The topics of MoU are as follows: Joint implementation of petrochemical projects in […]