Iran’s Petrochemical Feedstock to Double by 2030

• Tuesday, 1st March 2022
• by Fatma Ahmed

The CEO of Iran’s National Petrochemical Company Morteza Shahmirzaei announced that it plans to increase petrochemical feedstock supply by more than double, from an equivalent of 1.1 million barrels per day (mmb...

Iran Commences Gas Extraction from South Pars’ Third Platform

• Sunday, 23rd August 2020
• by Editorial Team

Iran’s largest gas field, South Pars, has commenced gas production at Platform 13C, the third platform of Phase 13, and has officially started sending feedstock to the refinery, according to the Tehran Times. Pars Oil...

ExxonMobil, Global Clean Energy Invest in Renewable Diesel

• Wednesday, 12th August 2020
• by Editorial Team

ExxonMobil and Global Clean Energy signed a contract agreeing to purchase 2.5 million barrels (mmbbl) of renewable diesel per annum for the coming five years, according to a press release. The renewable diesel contrac...

Iran to Produce Three New Butane Items in Mahshahr

• Wednesday, 24th June 2020
• by Editorial Team

The first petrochemical project for the butane chain in Mahshahr, in Southwestern Iran, is nearing its conclusion to produce three new items, according to Shana. Once operational, the petrochemical plant in Mahshahr w...

Aramco Completes Acquisition of 70% Stake in SABIC

• Thursday, 18th June 2020
• by Editorial Team

Saudi Aramco, the world’s largest oil company, has announced its completion of the 70% stake acquisition in the petrochemical company Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), a...

SABIC’s Feedstock Supplies Reach Normal Levels

• Sunday, 29th September 2019
• by Editorial Team

The Saudi Basic Industries Corporation (SABIC) announced that the supply level of its feedstock returned to normal on September 26, 2019, according to Mubasher. Following Aramco’s drone strikes, SABIC’s feedstock drop...

Saudi Seriously Contemplating Slashing Energy Subsidies

• Wednesday, 28th October 2015
• by Egypt Oil & Gas

Oil Minister Ali al-Naimi confirmed suspicions that the Saudi kingdom could cut its system of energy subsidies, reported Reuters. He was asked on the sidelines of a mining conference on Tuesday whether he expected dom...

Egypt’s Renewable Authority Working out Framework for Waste-To-Energy

• Thursday, 22nd October 2015
• by Egypt Oil & Gas

Egypt’s New and Renewable Energy Authority (NREA) is preparing to introduce a feed-in tariff for waste-to-energy (WTE) projects, reported The National. This came out in a joint report from the UK law firm Eversheds an...

$3.5 Bn Joint Iran-China-Indonesia Crude Projects

• Thursday, 11th June 2015
• by Egypt Oil & Gas

Iran, China and Indonesia have reached a final agreement on building a refinery on the East Java island to process 150,000 barrels per day of heavy crude oil, an Iranian official said on Wednesday. The joint venture p...