Tag Archives | Ilam

Ilam Petchem Plant to Launch SRU Unit by Year-End

Ilam Petrochemical Plant is banking on inauguration of its sulfur recovery unit (SRU) by the end of the current calendar year to March 20, the managing director of the facility said. Farhad Daneshi said the facility is now building two units which are olefin and SRU of which the latter will come online before the […]

PTTEP submits Study Results on Iran Oilfields

Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) has handed over the result of its studies on a number of Iranian oil and gas fields to the National Iranian Oil Company (NIOC). The studies included development projects of Changouleh, Balal and Dalamperi oilfields in Iran. NIOC will weigh studies of the Thai company to […]

Russia Signs Deal to Develop Iranian Oil and Gas Fields

High-ranking officials from Iran’s oil ministry and the giant Russian oil and gas company Gazprom have signed a major deal on Tuesday to promote cooperation in the development of two oil fields in western Iran. In a ceremony on Tuesday attended by Iranian Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak, the […]

Thai Company to study Iranian Oil Fields

By John Lee. The National Iranian Oil Company (NIOC) and Thailand’s PTT Exploration and Production (PTTEP) have signed a memorandum of understanding on Tuesday to carry out preliminary studies of three oil fields in Iran: Changuleh, Balal and Dalamperi. The Ministry would then evaluate the company’s findings and decide whether to award the project development […]

NIGC Pitches 10 Projects to Foreign Investors

The National Iranian Gas Company (NIGC) presented a package of 10 gas projects up for grabs by foreign investors in a ban-free Iran at Russia’s Neftegaz 2016 International Exhibition from April 18 to 21. NIGC spokesman Majid Boujarzadeh presented the following projects: Urtshai underground gas storage facilities; Ghezel Tapeh underground gas storage facilities; a gas […]

German Chemical Firms First to Fund Projects in Iran

The head of Iran’s National Petrochemical Company (NPC) said two leading chemical companies from Germany have signaled their readiness to spend between 8 and 4 billion euros for development of petrochemical projects to make Germany the first post-sanctions partner of the sector in Iran. Abbas Shari-Moqaddam said the two firms are yet to finalize the […]

Lukoil keen to Return to Anaran Oil Field

By John Lee. The President of Russian oil company Lukoil, Vagit Alekperov (pictured), has met with Oil Minister Bijan Zangeneh and discussed the possible return of his company to the Anaran block in western province of Ilam. Before imposition of sanction, Lukoil was part of a consortium that conducted exploration activities at Anaran, which led […]

Austrian Firm Considers $6bn Investment in Ilam Province

The Governor General of the western province of Ilam, Mohammad-Reza Morvarid (pictured), said an Austrian company is considering investment in two oil and petrochemical projects in the province. Following a meeting with a visiting delegation of Austrian financers, he said the firm is interested to invest $6 billion in Dehloran petrochemical plant and Dehloran NGL […]