Tag Archives | liquefied petroleum gas (LPG)

Iran Saves $5.4bn with Major Condensate Refinery

Inauguration of phases I and II of Bandar Abbas Gas Condensate Refinery has so far saved Iran over 5.4 billion dollars by preventing currency flight. The CEO of the National Iranian Oil Refining & Distribution Company (NIORDC) said ever since inauguration of the project’s first phase back in April 2017, the plant has prevented exit […]

CNG Project up for Grabs

An Iranian CNG official says there are many investment opportunities in compressed natural gas (CNG) projects in Iran. Addressing an energy conference, the Director of CNG Projects at the National Iranian Oil Products Distribution Company (NIOPDC) Hamid Ghasemi said Iran currently consumes 20 million cubic meters of CNG per day, adding the best investment opportunities […]

NIORDC backs Domestic Manufacturers: CEO

The managing director of the National Iranian Oil Refining & Distribution Company (NIORDC) voiced the company’s readiness to support domestic manufacturers of industrial items and parts in line with the principles of Economic Resilience. NIORDC Chief Alireza Sadighabadi told a press conference on Sunday that the company endorses domestic productions which would materialized economic resilience […]

SKEC to Upgrade Tabriz Refinery

South Korea’s SK Engineering and Construction Co. (SKEC) signed a heads of agreement on Saturday for a 1.6 billion euro upgrade of the Tabriz refinery in northwest Iran. South Korean National Assembly Speaker Chung Sye-kyun, who was in Tehran to attend President Hassan Rouhani’s swearing-in, oversaw the signing between SKEC, Tabriz Oil Refining Company and […]

Iran’s First LPG Cargo Arrives in Indonesia

State-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia. Pertamina president director Dwi Soetjipto welcomed the 44,000 metric tons of LPG transported from Asaluyeh Port in Iran 13 days ago by its VLGC Pertamina Gas […]

Indonesia to Import LPG from Iran

Indonesia plans to import liquefied petroleum gas (LPG) from Iran amid a shortage of LPG supplies in various regions of the country. The Indonesian government will import 588,000 tons of LPG during the 2016 to 2017 period through state-owned oil and gas company Pertamina, Antara News reported on Monday. Director of Pertamina Dwi Soetjipto said […]

Indonesia Says to Buy Stake in Iran Oil, Gas Block

A senior official at Indonesia’s energy ministry said on Monday that the country’s state energy company Pertamina plans to sign a deal to purchase a stake in an oil and gas block in Iran within a week. “The government to government agreement is done, so now (we are) following up with a company to company […]

Norwegian Firm close to £600m Petchem Deal

By John Lee. A Norwegian oil and gas company is reported to be close to finalising a $600-million petrochemical contract in Iran. According to The Financial Times, the contract will be a 50/50 joint venture between Hemla Vantage and the Kharg Petrochemical Company, a quasi-privately-owned company, to produce and export liquefied national gas and liquefied […]

Iran, Indonesia Ink Big LPG Deal

Iran has clinched a deal with Indonesia to sell the Southeast Asian country 80,000 tons of liquefied petroleum gas (LPG). Iranian Oil Minister Bijan Namdar Zanganeh and Indonesia’s Minister of Energy and Mineral Resources Sudirman Said signed the deal in Tehran on Monday. The LPG will be delivered to Indonesia in two cargoes. According to […]