Archive | Oil & Gas

Norwegian Firm in Iran Tech Transfer

Iran’s Petrochemical Research and Technology Company (PRTC) signed a heads of agreement (HoA) with Norway’s Norner, a global market leader of Industrial R&D services in polymers, for transfer of state-of-the-art technical savvy for production of polypropylene to PRTC. From PRTC Esmaeil Ghambari, the company’s managing director, and from Norner, director of its business development, Lars […]

NIOC Seals Oilfield Study MoU with Iranian Firm

The National Iranian Oil Company (NIOC) has signed a memorandum of understanding (MoU) with Ghadir Investment Company (GIC) to carry out studies of oil and gas fields in Iran. Based on the deal, GIC will study the Kisha, Sepehr, Jofeir and phase III of Darkhowin oil and gas fields; GIC will have 6 months to […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]

New PetChem Projects to Come Online in Assaluyeh

Head of the National Petrochemical Company of Iran (NPC) Marzieh Shahdaei has said seven new petrochemical projects will come on stream in Iran’s Pars Special Economic Energy Zone by the yearend. Seven petrochemical projects will become operational in the South Pars gas field in Assaluyeh on Iran’s Persian Gulf coast by the end of the […]

Iran Increases Asphalt Production, Seeks Shippers

By John Lee. Iran’s biggest asphalt producer is reported to be planning to boost output by almost 15 percent in the next two years. According to a report from Bloomberg, Hormoz Pasargad Bitumen Products Co. intends to send the increased supply to overseas buyers led by India and the United Arab Emirates (UAE). Managing Director […]

Russian Company to Survey Iranian Caspian

By John Lee. Russia’s Geology Without Limits (GWL), in conjunction with the Geological Survey of Iran (GSI) and Ministry of Mine, Industry and Trade (MMIT), plana to acquire 4 800 km of 2D seismic, gravity and magnetic data in the Iranian sector of the Caspian Sea. The survey will be completed in Q3-Q4 2017 and […]

India Seeking to Stop Urea Imports from Iran

Dharam Pal, the joint secretary at India’s department of fertilizer, said the South Asian country plans to boost its urea production in an attempt to revive loss-making factories and end imports from several countries, including Iran. “We are in the process of reviving ailing plants, restart closed units, expand existing projects and build new ones,” […]

Korean Company considers setting up Petchem Plant in Iran

By John Lee. South Korean chemical and textile company Hyosung Corporation has reportedly signed a memorandum of understanding (MoU) with Iran’s state-run National Petrochemical Company (NPC). According to Pulse News the company said it has been in talks with Iran with a view to setting up a polypropylene (PP) production base in the country, but has […]

FDI Needed for Developing Khazar Oilfields

Iran says foreign direct investments (FDI) would be needed for developing oil fields in Caspian Sea. Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said foreign investors and developers would engage in development of oil and gas fields in the Caspian Sea in the wake of the eased sanctions on Tehran’s economic […]

Foreign Oil Firms Presence Positive for Iran Petroleum Sector

Iranian Minister of Petroleum Bijan Zangeneh said presence of foreign developers in oil and gas projects in Iran would ensure economic stability and development in oil industry while keeping the enemies away. Addressing the Parliament on Sunday, the official said Iran can already cooperate with a limited number of foreign firms in oil projects; a […]