Tag Archives | Philippines

Iranian firm to set up Farm Machinery Factory in Philippines

By John Lee. An Iranian firm is reportedly seeking to establish a 50-meter assembly line in the Philippines to produce farm machinery such as tractors. The Philippines Department of Agriculture (DA) said in a statement that the Special Trade Adviser to the Embassy of the Philippines in Tehran, Nader Saeedi, discussed with Agriculture Secretary Emmanuel […]

Iran Welcomes Closer Economic Cooperation with Philippines

Iranian President Hassan Rouhani highlighted the importance of relations with the Philippines and said the Islamic Republic welcomes closer cooperation with the Southeast Asian country in all fields, the economy in particular. Speaking at a meeting with the Philippines’ new ambassador to Iran, Wilfredo Santos, in Tehran on Saturday, President Rouhani hailed the developing ties […]

Philippines Considers Investing in Iran Petchem Sector

Tehran and Manila held talks on enhancing energy ties and petrochemical investment in Iran. Iranian Minister of Petroleum Bijan Zangeneh and Jose De Venecia, special representative of the Philippines president, met in Tehran on Tuesday to discuss energy ties and petrochemical investment in Iran. Supplying feedstock to refineries in Philippines by Iran and financing petrochemical […]

Philippine Firm Says to Build LNG Plant in Iran

The President of state-owned Philippines National Oil Co. (PNOC) Pedro Aquino said the Southeast Asian country plans to build an LNG (Liquefied natural gas) plant in the Islamic Republic. Aquino, who was in Tehran for Iran Oil Show 2017, said PNOC has reached an agreement with the National Iranian Oil Company (NIOC) to set up […]

Pergas Drafting Proposal for 2 Khuzestan Oilfields

Pergas Consortium will submit its master development plan proposal to the National Iranian Oil Company (NIOC) to develop Shadegan and Karanj oilfields in the southern oil-rich province of Khuzestan by July, the group’s managing director said. “The company will allocate $1 billion to expand the fields in the first phase and if required, more money […]

PNOC inks MoU to Study Iran Oilfields

The Philippines, through the Philippine National Oil Company (PNOC), a government-owned and controlled corporation, signed a document on Monday to carry out studies on oilfields in Iran. PNOC’s exploration offshoot cemented a memorandum of understanding with the National Iranian Oil Company (NIOC) to carry out studies over Pazanan and Darkhowin oilfields in Iran. During the […]

Iran is “the Land of Opportunities”

“Iran is a land of opportunities for investors in the oil industry within which Iranian experts implement high technical expertise and experience” is what Pedro Aquino (pictured), President and CEO of the Philippine National Oil Company Exploration Corporation (PNOC-EC) has stated about the industry. In his recent interview, the Philippine oil official talked about strength […]

Philippines Targets Iranian Oil Projects

A senior official with Philippine National Oil Company (PNOC) said the corporation is exploring opportunities to invest in Iran’s oil projects following the removal of anti-Tehran sanctions. PNOC Exploration President Pedro Aquino said in a statement on Sunday that despite the low oil price regime, the company would focus efforts on oil and gas exploration […]