Tag Archives | Qeshm

RIPI Joins Refinery Project in Qeshm

The Research Institute of Petroleum Industry (RIPI) has signed an agreement with a private company to join a refinery project in Qeshm Free Trade Zone. The deal is aimed at cooperating in investing, designing, constructing and commissioning an oil refinery in Qeshm Free Trade Zone. The agreement was signed on Saturday based on which RIPI […]

Pre-Startup of Hengam Gas Processing Facility

An official with the Iranian Offshore Oil Company (IOOC) said the pre-startup of gas processing facilities of Hengam joint gas field has begun and the countdown has started for the facility’s official inauguration. Shahsavar Arghash, director of Qeshm Island Operations at IOOC, said the facility has been developed with 80 million cubic meters of gas […]

Iran to Increase Oil Recovery from Forouzan Oilfield

The Iranian Offshore Oil Company (IOOC) says it will increase crude oil production from the Forouzan oil field by 12,000 b/d once it starts operating a new platform over the field. Hamid Bovard said his company, which operates offshore oil fields for Iran, has plans to launch projects that will add a total of 110,000 […]

China to Invest $3bn in Iranian Fish Farming

By John Lee. China is planning to invest $3 billion in fish farms on Iran’s southern island of Qeshm (pictured) as well as the southern port city of Bandar Abbas. The news follows the recent announcement that South Korea is in discussions on a similar investment. Investors from France, Russia, Norway, Iceland, and Thailand have […]

Iran, China to Build Joint Oil Terminal on Qeshm Island

Iran and China have agreed to jointly build an oil terminal on the Persian Gulf island of Qeshm, a report said. The oil terminal will be built on Qeshm Island in southern Iran and is expected to turn it into a major hub for oil production and storage, Sputnik reported. The report added that $550 […]

Iran to set up Financial Hub in Qeshm Island

Iran is preparing to launch a financial hub in its southern Qeshm Island, according to a report from PressTV. Farhad Taghizadeh-Hesary, a senior adviser to the Qeshm Investment and Development Company (QIDCO), has been quoted as saying that the plan is meant to help the country attract financial institutions to the Iranian market. He told […]

Iran Opens New Ferry Terminal

Iran’s minister of road and urban development inaugurated the country’s biggest ferry terminal in the southern port city of Bandar Abbas, expected to carry some 35,000 passengers to nearby islands at the peak of holiday trips during Nowruz vacation. Abbas Akhoundi opened the ferry terminal at a ceremony on Friday. With three lounges and a […]