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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

Oil Falls After Hitting Pandemic High $70

EghtesadOnline: Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the Covid-19 pandemic began after attacks on Saudi Arabian oil facilities.
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Publish Date:09/March/2021 | 17:49

Oil Jumps on Vaccine Optimism

EghtesadOnline: Oil prices rose more than $1 on Monday, supported by optimism over Covid-19 vaccinations, a US stimulus package and growing factory activity in Europe despite restrictions imposed to curb the coronavirus.
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Publish Date:02/March/2021 | 20:21

600-Km Pipeline to Replace Roadways for Oil Transport

EghtesadOnline: A pipeline is being laid from Bandar Abbas in Hormozgan Province to Shiraz in Fars Province to boost delivery of petroleum products via pipelines instead of roadways, an official said.
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Publish Date:21/February/2021 | 20:10

Oil Extends Rally on Supply Disruptions

EghtesadOnline: Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week caused by a winter storm in Texas.
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Publish Date:18/February/2021 | 20:12