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Damask Rose Oil Exports Exceed $200m in Fiscal 2020-21

EghtesadOnline: A total of 2.5 tons worth $202.43 million of damask rose oil were exported from Iran in the last fiscal year (March 2020-21), which makes Iran the biggest damask rose oil exporter in the world, according to the executive manager of the Agriculture Ministry's National Medicinal Plants Project.
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Publish Date:15/September/2021 | 14:08

Iran Oil Refining Capacity to Increase 1.5 Times in 5 Years

EghtesadOnline: Raising the quality and output of oil refineries and building new refineries are on the agenda of the Oil Ministry to help increase Iran's oil refining capacity by 1.5 times in five years, the new oil minister said.
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Publish Date:12/September/2021 | 13:30

Synthetic Oil Supplied to Abadan, Isfahan Refineries

EghtesadOnline: Close to 28 million barrels of synthetic oil have been supplied by the National Iranian South Oil Company via pipelines to Abadan and Isfahan refineries as feedstock over the last 14 months, the head of the company’s Production Department said.
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Publish Date:01/September/2021 | 24:56

Oil Jumps as Storm Approaches Gulf of Mexico Production Hub

EghtesadOnline: Oil costs rose on Friday on worries about disruptions, as power corporations started shutting in production within the Gulf of Mexico in view of a possible hurricane forecast to hit by the weekend.
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Publish Date:28/August/2021 | 14:36

Raeisi: No Concerns Over Oil Export

EghtesadOnline: President Ebrahim Raeisi said Iran is not concerned about finding customers for its oil and it has different options to continue the export of crude and oil derivatives.
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Publish Date:24/August/2021 | 19:19

Tabriz Refinery Taking Measures to Compete With International Rivals

EghtesadOnline: Tabriz Oil Refinery in East Azarbaijan Province has invested $500 million in development projects over the last 10 years to be able to compete with rivals in international markets, managing director of the company said.
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Publish Date:10/August/2021 | 13:15

Substantial Rise in Oil, Gas Extraction From Joint Fields

EghtesadOnline: Oil and gas extraction from joint fields, including the giant South Pars Gas Field in the Persian Gulf and West Karoun Oil Block in the southern Khuzestan Province, has increased substantially over the last decade.
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Publish Date:02/August/2021 | 14:13

Oil Prices Drop, But Steep Gain Expected

EghtesadOnline: Oil prices dropped on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in Covid-19 infections across the globe.
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Publish Date:31/July/2021 | 14:21

No Oil Derivative Imports in 2020

EghtesadOnline: The National Iranian Oil Company imported $2.7 billion worth of petroleum products, including gasoline and diesel, in 2017, but as local refineries boosted output, the imports followed a downtrend and reached zero in 2020.
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Publish Date:31/July/2021 | 14:20

New Oil Export Terminal Inaugurated at Jask Port

EghtesadOnline: Anew export terminal was officially inaugurated at Jask Port, Hormozgan Province, on Thursday, allowing Iran to export its crude oil beyond the Strait of Hormuz, and the export of the first shipment of Iranian crude oil from the Sea of ​​Oman was carried out on Friday.
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Publish Date:26/July/2021 | 18:47

Oil Heading for Biggest Weekly Fall in Months

EghtesadOnline: Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet a potential revival in demand as more countries recover from the pandemic.
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Publish Date:17/July/2021 | 15:19

Oil Drifts Near 2018 Highs

EghtesadOnline: Oil prices hit and then rec oil ed from highs last seen in October 2018 on Monday, as investors eyed the outcome of this week's OPEC+ as the United States and Iran wrangle over the revival of a nuclear deal, delaying a surge in Iranian oil exports.
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Publish Date:29/June/2021 | 11:53

Jask Terminal Will Start Exporting Oil From June

EghtesadOnline: Following completion of a key oil export pipeline that bypasses the Strait of Hormuz, the National Iranian Oil Company will start exporting crude oil from its new terminal at Jask off the Oman Sea in June, the oil minister said.
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Publish Date:19/May/2021 | 24:15

Infinity Galaxy Expert Analysis: Bitumen Price 2020

EghtesadOnline: 2020 was a rough year for economies and petrochemicals including bitumen market. Millions of people died because of a highly contagious virus called Covid-19. Oil, bitumen and other petrochemicals underwent a hectic situation.
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Publish Date:20/April/2021 | 09:57

Bandar Abbas Refinery Adding Value to Output

EghtesadOnline: Bandar Abbas Oil Refinery in Hormozgan Province has increased output by 30,000 barrels of crude oil per day, the managing director said.
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Publish Date:13/March/2021 | 19:06

Stage Set for Bigger Mokran Oil Role

EghtesadOnline: Construction of petrochemical storage tanks in Mokran (also Makran) Petro-Refinery Complex will start in the port city of Jask in southern Hormozgan Province next week.
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Publish Date:10/March/2021 | 18:52