TEHRAN, Jan. 23 (MNA) – Iranian manufacturers and companies are now supplying 85% of the oil industry equipment, said the chairmen of the board of directors of the Iranian Oil Industry Equipment Manufacturers Association.

Speaking on the sidelines of the 16th Kish International Energy Exhibition, Majid Mohammadpour said that the share of Iranian manufacturers and industrialists in the supply of petroleum products and equipment has reached"...

TEHRAN – Iran’s southern Kish Island is hosting the 16th edition of its international energy exhibition (Kish ENEX 2020) which is hosting over 140 foreign and domestic companies, IRNA reported.

Exhibitors from various countries including China, Italy, Japan, Britain, the Netherlands, the United Arab Emirates, Russia, and South Korea along with Iranian companies, associations, and institutions active in a variety of energy areas, are"...

Just as tensions in the Middle East began to escalate, it seemed that regional, political and military factors will significantly influence oil price increase in the long term. Yet, it proved that no more than a week after a partial relief, crude oil prices are 10 % down, Gulf Brokers reported.

While price of Brent Crude oil marker grew to 70 USD per barrel shortly after the attacks, it declined to 64 USD per barrel on 16th January. Furthermore,"...

Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.

From local start-up to international company

Anton Oilfield Services Group was established in Tarim Basin, China in 1999. Under the leadership of Luo Lin, the entrepreneurial"...

TEHRAN, Jan. 21 (MNA) – Chairman of the Parliament Economic Commission Elyas Hazrati noted the growth of non-oil revenues in the first half of the current year (from March 21 to Sept. 22) as highlighted by the minister of Economic Affairs and Finance (MEAF) in yesterday’s session of the Commission.

The latest situation of macroeconomics indexes of the country was reported by the economy minister and his deputy, showing the growth of"...

TEHRAN, Jan. 21 (MNA) – The 16th International Energy Exhibition, Iran’s second most important energy event, is currently underway on Kish Island off the southern coast of Iran in the Persian Gulf.

The exhibition, running through January 23, has gathered experts and those active in the Iranian oil industry with the participation of over 140 Iranian and foreign companies from China, Italy, Japan, the United Kingdom, the Netherlands, the"...

TEHRAN - Managing Director of Pars Oil and Gas Company (POGC), which is in charge of developing South Pars gas field, says all the field’s platforms are currently operational and producing 630 million cubic meters (mcm) of gas every day, Shana reported.

Mentioning the recent surge in the country’s natural gas consumption due to the cold weather, Mohammad Meshkinfam called on households and commercial users to manage their consumption.

SNC-Lavalin announces that it has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corporation and GS Energy. This contract win is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services.

Under the nine-month agreement, SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase"...

TEHRAN, Jan. 19 (MNA) – Iran’s crude oil production at North Azadegan Joint Oilfield has reached 100 million barrels since 2016.

According to the Petroleum Engineering and Development Company (PEDEC), as quoted by SHANA, Esmaeil Gholampour said Iran had so far reaped over 100 million barrels of heavy crude oil from the field since it started production back in April 2016.

He"...

TEHRAN - Nearly two million tons capacity of Iran’s idle petrochemical units will be revived in the next Iranian calendar year (starts on March 20), IRNA reported on Saturday, quoting a manager with the National Petrochemical Company (NPC).

“In the past few years, for some reason, part of the production capacity of the country’s petrochemical complexes has not been operational, so with the planning and coordination among various"...