Oil And Gas

September 23, 2021

Iran plans to attract $125b of investment in oil industry

TEHRAN – Iranian Oil Minister Javad Oji has said his ministry is making necessary arrangements and planning for attracting $125 billion of foreign and domestic investment in the......

September 22, 2021

Abbas Beheshti appointed Oil Minister representative in Iraq affairs

TEHRAN - Iranian Oil Minister Javad Oji, in a decree on Monday, appointed Seyyed Abbas Beheshti as his representative in Iraq affairs in a move aimed at strengthening bilateral energy......

September 20, 2021

Iran’s petchem, fuel sales surge in shadow of oil sale restrictions

TEHRAN – Iran’s exports of fuel and petrochemical exports have surged in recent years as the re-imposition of the U.S. sanctions on the country’s oil industry curbed......

September 19, 2021

Call for Private Sector Investment in Oil, Gas Fields Shared With Neighbors

T he development of oil and gas fields shared with neighboring states is a top priority, but unfortunately the Oil Ministry has long been grappling with financial constraints, a lawmaker......

September 18, 2021

Developing renewables in industrial parks to resolve their power issues’

TEHRAN - Energy Ministry's Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said developing renewable power plants in industrial parks is going to be a practical way for......

September 16, 2021

Sepahan’s Maglobe engine oil licensed by German “Benz” Co.

Sepahan Oil Company unveiled its latest product entitled “Maglobe” Motor Oil. Mohammad Hossein Razzaghi Managing Director of Sepahan Oil Company broke the news in a press......

September 14, 2021

ICOFC prepared for sustained gas supply during winter

TEHRAN - Managing director of Iranian Central Oil Fields Company (ICOFC) announced his company’s readiness for the sustained supply of gas during winter. Ramin Hatami announced......

September 14, 2021

Energy Ministry to implement program for improving hydropower plants

TEHRAN - Iran Water and Power Resources Development Company, as a subsidiary of the Energy Ministry, is going to implement a program for maximizing the use of potentials in the country’s......

September 13, 2021

OICO inks deal with NPC for operation, maintenance of world’s top ethylene pipeline

TEHRAN - Iranian Oil Industries Commissioning and Operation Company (OICO) has signed a deal with the National Petrochemical Company (NPC) for the operation and maintenance of the country’s......

September 12, 2021

Iran’s gasoline storage capacity stands at 3b liters

TEHRAN – Having the production capacity of nearly 120 million liters per day of gasoline, Iran currently has also the capacity to storage three billion liters of the strategic......

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