Iran | Egypt Oil & Gas - Part 3

Iran’s Oil Production Returns to Pre-Sanction Levels

According to state news agency IRNA, Mohsen Khojastehmehr, CEO of the National Iranian Oil Company (NIOC), oil production has reached pre-sanctions levels, despite economic pressures.

Iran Develops Abadan Refinery to Enhance Refinery Products

The operator of Abadan Refinery Development and Stabilization Project, National Iranian Oil Refining and Distribution Company (NIORDC), announced that it develops the refinery with the aim of optimizing the refine ...

Iran Targets Increase in Crude Exports to 1.4 mmbl/d

Iranian Oil Minister Javad Owji said that his country will attempt to ramp up oil and condensates exports to 1.4 million barrels per day (mmbl/d) to cope with the annual budget.

NIOC Signs Contract for Oil & Gas Development at South Pars Layer

The CEO of the National Iranian Oil Company(NIOC) , Mohsen KhojastehMehr, announced that the company has signed a contract for the development, production and increase of oil production from the South Pars oil lay ...

Iran Proceeds With Petroleum Activities Regardless of the Outcome of Nuclear Talks

The Iranian Minister of Petroleum Javad Owji said the ministry was proceeding in the oil sector relying on experts and capabilities regardless the outcome of the nuclear talks held in Vienna. 

Oil Prices Decline As Russia Favors Iran Nuclear Deal Resumption

Oil prices has declined to the lowest level in three weeks after Russia’s announcement its favor of resuming Iran nuclear deal as soon as possible.

Iran’s Bidboland Persian Gulf Opens Gas Storage Facility, Wharf

Iran announced that the opening of the the facilities and storage tanks for export products and the independent wharf of Bidboland Persian Gulf Gas Refining Company which were officially commissioned in the southw ...

Iran’s Petrochemical Feedstock to Double by 2030

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 (mmbbl ...

Iran’s Daily Natural Gas Transmission Increases by 10 mmcm

The CEO of the Iranian Gas Engineering and Development Company (IGEDC) Reza Noshadi announced the Iran’s daily capacity of natural gas transmission has increased by 10 million cubic meters (mmcm) after the operati ...

Iran Expects Petrochemical Revenues of $14 Billion by end of March 2022

The Deputy Minister of Petroleum for Petrochemical Products Morteza Shahmirzaei announced that Iran has received revenues of $12.5 billion from petrochemical exports by the end of the current calendar year which s ...

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