Iran is all prepared to export its technical knowledge in petrochemical production and services thereof, Iranian Oil Minister Rostam Qassemi has said. Speaking on the sidelines of inauguration of the first phase of Bandar Imam Khomeini ...
Tags: petrochemical production, Textile
Iran exported petrochemicals worth $12 billion in the Iranian calendar year that ended March 20, Deputy Oil Minister Abdolhossein Bayat said Tuesday, according to Press TV. "During the last [Iranian calendar] year, despite certain ...
Tags: Petrochemical Exports, Chemicals
Iran plans to invest US$ 20 billion to develop a new petrochemical hub in Chabahar, a port city located to the south-east of the country, Deputy Oil Minister Mohsen Khojasteh-Mehr said. The plan would be executed in three stages ...
Tags: petrochemical plants, crude oil, oil
Saudi Arabian customs officials have foiled an attempt to smuggle 3.255 million kg (equivalent to 27,300 barrels) of refined oil products out of the eastern port of Dammam, capital of the kingdom's oil-rich Eastern Province, the official ...
Tags: Saudi Arabia, Foils, Oil Products
Recent fiscal changes in Venezuela could help state oil company PDVSA significantly cut its $16.4 billion debt to service providers this year, according to some economists and analysts. The changes, mainly to Venezuela's complicated ...
Tags: oil activity, PDVSA, Venezuela
The petrochemical production capacity of Iran is likely to reach 100 million tons by 2015, Mr. Abdolhossein Bayat, an Iranian Deputy Oil Minister, has said. Mr. Bayat, who is also the managing director of National Petrochemical Company ...
Iraq’s Cabinet has authorized the Oil Ministry “to sign an agreement of principles” on two key oil and natural gas pipeline projects, reports Platts. The agreement will be between the Iraqi Oil Ministry, the Iranian Oil ...
Tags: Cabinet, Iran-Syria Pipelines, Iraq
Crude exports from OPEC kingpin Saudi Arabia fell to 7.062 million b/d in December last year, the lowest level since September 2011 when exports averaged 6.813 million b/d, data from the Joint Organizations Data Initiative, or JODI, show. ...
Tags: Crude exports, crude production, crude
The Missan Oil Company (MOC) has announced the completion of the exploratory oil well in the Deema-1 [Dima-1] formation. Oil Minister Abdul Kareem Luaibi [Elaibi] said that the Deema oil field, which is located in Maysan governorate, was ...
Tags: Missan Oil, oil well, oil
Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] has issued a stern warning to the KRG over their attempts to export large quantities of crude oil to Turkey, describing it as “a red line“. “The Kurds are under obligation ...
Tags: Iraqi Oil Minister, KRG, crude oil, Turkey
By John Lee. Kuwait Energy and Dragon Oil have signed the contract giving them the rights to explore and develop oil block 9 in Basra province. Reuters reports that Kuwait Energy will be the operator with a 70 percent working interest, ...
Tags: Energy, Dragon Oil, gas
Iraq has again told Exxon Mobil that it must choose between working in its southern oilfields or in Kurdistan. Reuters reports that Oil Minister Abdul Kareem Luaibi [Elaibi] expects the company to make a final decision within a few days, ...
By John Lee. Iraq has now opened its second floating pier to export crude oil via the Gulf. Oil Minister Abdul Kareem Luaibi [Elaibi] said: “Today vessels have started to load crude from the two Single Point Moorings at the same ...
Tags: crude oil, oil, 2nd Floating Pier
Reuters reports that Iraq has sweetened the terms for oil contract buyers and is becoming more competitive on pricing. Oil Minister Abdul Kareem Luaibi [Elaibi], who met customers in Vienna last month on the sidelines of the OPEC meeting, ...
BP said Monday it was too early to estimate when it could restart gas flows from its In Amenas fields in eastern Algeria two days after Algerian forces ended a bloody hostage crisis at the desert gas plant. "Production from the plant ...
Tags: BP, gas, Algerian Gas Plant, gas industry