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Oil Market hit by 8-Magnitude Quake: Analysts
TEHRAN (Shana) – Look at these remarks made by heads of states in the aftermath of sinking oil prices and demand destruction caused by the coronavirus outbreak: "We will not give in to Saudi oil extortion", "Coronavirus and Saudi Arabia are the cause of falling oil prices", “Russia's energy minister was the first to tell the media that OPEC+ production cuts would face away as of April 1”, "It is a free market and Saudi Arabia and Russia must resolve the price war they have waged which has caused the fall in prices”, "How can Russia and Saudi Arabia not agree and prevent the prices from sinking? What about the responsibility for humanity? Where has global brotherhood gone? Where are the so-called world leaders?”
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Investment in Oil Startups
TEHRAN (Shana) -- The idea of establishing oil startups was first raised less than a year ago by Petroleum Minister Bijan Zangeneh. The minister gave instructions to the Office of Deputy Minister of Petroleum for Engineering, Research and Technology to follow up on the formation of oil startups. To that effect, Petroleum Ministry has now allotted 18,000 of land for knowledge-based and startup companies involved in the oil sector.
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Skid-Mounted Processing Facility at South Azadegan
TEHRAN (Shana) -- National Iranian Oil Company (NIOC) intends to engage Iranian and/or foreign companies in the construction of skid-mounted processing facilities using the build-operate-own (BOO) method.
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Skid-Mounted Oil Refineries Envisaged
TEHRAN (Shana) -- Iran’s state-run National Iranian Oil Company (NIOC) has decided to invest in crude oil processing projects through implementing build-operate-own (BOO) method.
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NIDC Drills 6 Wells in 15 Days
TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has spudded 6 oil and gas wells over the first 15 days of the current Iranian calendar year which began on March 21.
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RIPI Inks Deal with Local Firm for Commercializing Micro-CHP Products
TEHRAN (Shana) – The Research Institute of Petroleum Industry has signed a contract with Aran Energy Systems Company for commercializing and selling Heat demand and Electrical demand products as well as generator engines based on OHVG gas-based engine technology.
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Iran Monomer Styrene Producer Breaks Non-Stop Operations Record
TEHRAN (Shana) -- Pars Petrochemical Company has broken a new record by operating 470 days non-stop, producing monomer styrene.
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Iran to Resume Gas Exports to Turkey Soon: NIGC
TEHRAN (Shana) – National Iranian Gas Company (NIGC) says Iranian gas exports to Turkey will resume in a few days after repairing the gas pipeline from Iran to Turkey which was hit by an explosion on Tuesday morning.
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Pipeline Explosion Halts Turkish Gas Imports from Iran
TEHRAN (Shana) – Turkish gas imports from Iran were halted due to an explosion in a natural gas pipeline inside Turkey near Iran’s Bazargan border with Turkey on Tuesday morning, National Iranian Gas Company (NIGC) said.