The spot market for LPG cargoes loading out of the Middle East has softened amid weak demand from Asian buyers, according to market sources. This was reflected in the spot cargo price differentials, with Arcadia heard selling 44,000 mt of ...
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 ...
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week stable to slightly lower on Friday, amid a pick up in fixture activity, even as the market continues to be weighed down ...
Tags: Panamax coal freight, fixture activity, coal
Mr Ataollah Sadr head of Ports and Maritime Organization said that the cargo handling capacity of the main commercial ports of the country will double by the end of the current Iranian year. Mr Sadr said that USD 4 billion have been ...
MNA reported that despite the well orchestrated attempts by Persian Gulf Arab oil producers to take over markets belonged to Iran, high benzene and gasoline productivity of Iranian crude and performance compared to other crude in the ...
Tags: high benzene, gasoline, crude, Iranian crude
An official figure in the Iranian National Petrochemical Company said that world's largest ethylene producer has been launched in Asalouyeh.Official added that the West Ethylene Pipeline will begin operation. Mr Reza Amiri directing ...
Tags: Iranian National Petrochemical Company, Asalouyeh, ethylene, pipeline
MNA reported that South Korea's imports of oil from Iran increased 2.9%in November from October,when it resumed shipments from the Persian Gulf nation. According to data posted on the Korea Customs Service's website,purchases last month ...
Tags: MNA, South Korean, oil
Shahid Rajaee Offshore Drilling Mast was installed in the largest phase of South Pars in the Persian Gulf announced Mr Masoud Haqiqi manager of National Iranian Drilling Company for offshore drilling. Mr Masoud Haqiqi said that the ...
Tags: Drilling Mast, offshore drilling, Iran, drilling
MNA reported that Iran and Pakistan gas pipeline will be completed on schedule in 2014 despite the US pressures to head off the project. Mr Mahmoud Ahmadinejad president of Iran remarks vowing completion of a multi billion dollar gas ...
Tags: crude oil and gas, the gas company, natural gas, oil&gas companies
MNA reported that the Iranian Offshore Oil Company has managed to boost output at oilfields to a great extent. Mr Mahmoud Zirakchianzadeh MD of IOOC said that output at the Siri and the Salman regions have been increased by 25% and 50% ...
Tags: offshore oilfields, oilfields, oil, oil wells
According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...
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A senior Iranian energy official said that the country will increase its oil storage capacity in the Persian Gulf by 8.1 million barrels with the construction of new storage facilities. Mr Mahmoud Zirakchian Zadeh MD of Iranian Offshore ...
Tags: Oil Storage, construction of new storage facilities, Persian Gulf
It's reported that Russia-based TMK, a major global supplier of steel pipes for the oil and gas sectors announced it has acquired 55% stakes at Oman's Gulf International Pipe Industry L.L.C. (GIPI). It's known CIPI, pipe company with ...
A senior Iranian energy official says the country plans to surpass Qatar in gas production from the massive offshore South Pars gas field, which is shared by the two countries. Mr Mousa Souri MD of Pars Oil and Gas Company said that ...
Tags: gas field, gas production, gas recovery
Reportedly, Iran's West Ethylene Pipeline, located on the shore of the Persian Gulf, to Kermanshah in the west is about to be accomplished and will commence in December after essential tests being implemented. The pipeline project has ...