TEHRAN – Managing director of Iran’s Petroleum Engineering and Development Company (PEDEC) has said the company is still negotiating the second phase of Yadavaran oilfield’s development project with China's Petroleum and Chemical Corporation, known as Sinopec.

“Talks are still ongoing, but the process is going on at a slow pace,” Touraj Dehqani told ISNA on Sunday.

According"...

TEHRAN, Aug. 14 (MNA) – Iran, Russia and Azerbaijan signed an agreement on the joint development of a feasibility study (TEO) for a project to connect the energy systems of the three countries.

According to RIA Novosti, this is stated in the message of the 'System Operator' (dispatcher of the Russian energy system).

It is noted that on the part of Russia,"...

A report accused two 'Lebanese' companies of 'smuggling' Iranian oil to the Syrian regime, in violation of US sanctions against Tehran, the Saudi Asharq al-Awsat reported on Wednesday.

While some experts stressed “the lack of proof,” others warned against “turning Lebanon into a platform to circumvent the international sanctions,” said the newspaper.

Experts"...

TEHRAN - South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured or repaired the 521 items needed in the oil and gas industry. SZOGPC’s operations director, Seyed Mahmoud Mirbagheri said on Tuesday that 499 of the company’s needed items were supplied by domestic contractors.

The other 22 were also repaired by Iranian companies, he added.

He"...

TEHRAN, Aug. 14 (MNA) – Jam Petrochemical Complex, one of the largest producers of olefins in the world, has boosted output by 15 percent, according to the company.

According to the company, implementation of performance testing began in early April, after the dual furnaces of the plant were developed.

Hassan Moeini, deputy managing director of the company, said"...

TEHRAN – Iran’s Petroleum Engineering and Development Company (PEDEC) plans to connect Yadavaran Oilfield to West Karun Power plant, a measure that will ensure continuous and uninterrupted production of oil in this joint field, Shana reported on Saturday.

“The Yadavaran Oilfield development project is the first project which will be powered through the West Karun Power Plant,” Hojat Norouzi, director of Yadavaran Oilfield"...

TEHRAN- Iranian Energy Minister Reza Ardakanian said on Wednesday that 217 major water and electricity projects will be inaugurated by the end of the current Iranian calendar year (March 19, 2020).

Ardakanian noted that several new energy projects will also be commenced during the current year, IRNA reported.

The official stressed the importance of developing the country’s"...

TEHRAN, Aug. 07 (MNA) – Iranian Minister of Energy Reza Ardakanian said that a number of 217 water and electricity projects will be put into operation before the termination of the current year (to end March 20, 2020).

He made the remarks on Wednesday among reporters and journalists and added, “this year, the ministry will launch various water and power projects in different parts of the country.”

It"...

TEHRAN –Managing Director of Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) said U.S. sanctions haven’t had a significant impact on the country’s petrochemical sector.

“The petrochemical industry is in good shape and the sanctions have not had a significant impact on the industry,” IRIB quoted Jafar Rabiei as saying on Tuesday.

The"...

TEHRAN – Head of Iranian Energy Ministry’s Crisis Management Office, Meisam Jafarzadeh, said water and electricity networks are back in normal operation after an earthquake measuring 5.2 on Richter scale shook Choram Country in southwestern province of Kohgiluyeh-Boyer Ahmad Province on Monday.

“The urban and rural water supply network is unharmed and stable after the earthquake,” IRNA quoted Jafarzadeh as saying.