TEHRAN – The first international exhibition of Iranian oil, gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) is going to be held during February 2-4, 2020 at Tehran Permanent International Fairgrounds, Shana reported.

As reported, the first meeting of the exhibition’s policy-making council was held on Tuesday in which representatives of private oil, gas and petrochemical companies, Iran and Tehran chambers"...

TEHRAN, Oct. 17 (MNA) – Two platforms belonging to Phases 22 to 24 of South Pars gas field were loaded on Wednesday.

The two structures, including a satellite and a main platforms, are the final structures to be installed in the offshore project.

According to the Pars Oil and Gas Company (POGC), Ali Asghar Sadeghi, deputy director of the project, said the main platform"...

TEHRAN, Oct. 17 (MNA) – The National Iranian Oil Company (NIOC) CEO said his company was considering the use of a variety of securities and new methods of financing to attract public capitals to accelerate implementation of oil and gas projects.

According to NIOC, Masoud Karbasian stated, 'The National Iranian Oil Company, as the largest economic enterprise in the country, has always tried to design and develop new methods for raising"...

As previously disclosed, on October 2, 2019 Murray Energy Corporation (“Murray Energy” or “the Company”) entered into forbearance agreements with lenders holding in excess of 50% of outstanding loans under its Superpriority Credit and Guaranty Agreement and with lenders holding in excess of 50% of outstanding loans under its ABL and FILO credit facilities. Under the terms of the forbearance agreements, the lenders agreed to forbear from exercising any and all remedies available to them in respect of"...

TEHRAN - Head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) said Iran can supply the energy needs of Europe and India through its great renewable capacities, IRNA reported.

“Iran can easily meet the needs of European countries as well as India using its solar and wind energy capacity,” Seyed Mohammad Sadeqzadeh said in the opening ceremony of Iran’s 4th Renewable Energy Conference on Monday.

TEHRAN – Iran’s Energy Ministry has started a plan for providing 25,000 nomadic households across the country with portable photovoltaic systems so that they could use electricity during migration.

According to the program’s Executive Director Ali Chehel-Amirani, the plan is set to be completed by the Iranian calendar year of 1400 (starts in March 2021), the portal of the Energy Ministry (known as Paven) reported on Monday.

TEHRAN, Oct. 14 (MNA) – The ‘Eram’ gas field, recently discovered south of Fars Province, southern Iran, is estimated to hold 19 trillion cubic feet (540 billion cubic meter) of natural gas in its reserve, according to NIOC.

Entitled as Eram, the gas field is estimated to hold 19 trillion cubic feet (540 bcm) of natural gas in its reserve, of which 13 tcf (382 bcm) is recoverable, according to Shana.

The"...

TEHRAN - Iranian Energy Ministry has announced new regulations on guaranteed purchase of electricity from the country’s renewable power suppliers, IRIB reported on Sunday.

Based on the new regulations, the ministry has increased the price for the guaranteed purchase of electricity from renewable power plants in order to promote construction of such plants in the country and also to increase competitiveness among the companies active in the"...

TEHRAN – Head of Iran’s National Petrochemicals Company (NPC) said investment in the country’s petrochemical sector is going to increase by 75 percent by the end of the Iranian calendar year 1404 (March 2026), IRNA reported.

“So far, $53 billion has been invested in the country's petrochemical industry, and with the third leap in this sector, the number is going to increase to $93 billion by the [Iranian calendar] year"...

TEHRAN- Production of oil from West Karoun oilfields is expected to increase by 10,000 barrels per day (bpd) by the end of the current Iranian calendar year (March 19, 2020), IRNA reported on Thursday, quoting an oil official as saying.

According to Reza Dehqan, National Iranian Oil Company (NIOC)’s deputy of development and engineering affairs, oil production from the fields in this region increased by 10,000 bpd in the first half of the"...