Downstream
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Iran ready to develop Iraq upstream, downstream sectors: Oil minister
SHANA (Tehran) – Iran is self-sufficient in all segments of the oil industry despite brutal sanctions and ready to develop Iraq’s upstream and downstream sectors, said Oil Minister Javad Owji on Wednesday.
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Iran’s Zagros Petrochemical Company among world’s largest methanol producers
SHANA (Assaluyeh) – Zagros Petrochemical Company in southern Iran is among the five largest methanol producers of the world.
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Foreign Firms Keen to Invest in Downstream Petchem
TEHRAN (Shana) -- The CEO of Persian Gulf Petrochemical Development and Investment Group (PGPDIG) says the holding has currently more than $650 million worth of projects under way. He told “Iran Petroleum” some of Iran’s neighbors had called for joint venture with PGPDIC, expressing hope for the finalization of an agreement in the current calendar year.
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Rouhani Signs off on Downstream Industries Support Act
TEHRAN (Shana) -- Iranian President Hassan Rouhani issued an executive decree to the Iranian Ministry of Petroleum and the Planning and Budget Organization on supporting downstream oil industries by tapping public capital.