tag oil industry

Domestic Edible Oil Industry Driven by Imports

EghtesadOnline: Iran’s oilseed production currently stands at 430,000 tons per year while annual imports amount to 2.23 million tons, according to secretary of Iran Vegetable Oil Guild Association.
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Publish Date:13/February/2022 | 16:42

Zanganeh: No Trial & Error in Oil Industry

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said the maximum use of Iranian manufacturers' capacity is a top priority, but the key sector "is not a place for trial and error".
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Publish Date:29/July/2018 | 10:11

Indigenizing Oil Industry Equipment Making Progress

EghtesadOnline: South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured and repaired 1,500 parts used in the oil and gas industry with the help of domestic companies over the past fiscal year), the SZOGPC managing director said.
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Publish Date:16/February/2020 | 10:31

Iran Oil Sector Potential Not Fully Exploited

EghtesadOnline: The oil industry has been a driving force for local upstream and downstream companies including private enterprise working for or related to oil in some form or fashion.
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Publish Date:09/October/2019 | 11:16

Budget Without Oil May Impair Stock Market Performance

EghtesadOnline: With US sanctions on the oil industry taking a toll on the economy, including the national budget, the government has again pledged to reduce dependency on oil exports to zero and prepare the next budget (March 2020-21) without oil revenues.
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Publish Date:07/October/2019 | 13:34

Oil Product Exports From Iran Strong

EghtesadOnline: While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports, its oil product sales remain strong at nearly $500 million a month, shipping data and Reuters calculations show.
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Publish Date:03/September/2019 | 10:06

Foreign Companies Continue Ties to Iran’s Oil, Petrochem Sectors

EghteadOnline: Despite the new US sanctions and bullying, and concerns expressed by Dutch banks, Dutch companies are still cooperating with Iran’s oil industry , said the head of the Dutch pavilion at the 24th Iran International Oil, Gas, Refining and Petrochemical Exhibition, May 1-4, in Tehran.
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Publish Date:05/May/2019 | 13:18

Half of Iran's 'Non-Oil' Exports Petroleum-Based

EghtesadOnline: Some 50% of Iran’s "non-oil" exports actually consist of petroleum-based products and petrochemicals that either directly or indirectly come from the oil industry .
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Publish Date:19/March/2019 | 11:51

Barkindo: OPEC Rescued Oil From Collapse

EghtesadOnline: Oil producing group OPEC is responsible for salvaging the entire oil industry with its deal to curb output, OPEC's secretary general told CNBC, but the US shale revolution has helped to prevent "major, major energy chaos" in the world.
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Publish Date:02/March/2019 | 11:59

Oil Market Sees Increased Conflict Risk in Saudi Power Shift

EEghtesadOnline: After Mohammed bin Salman’s appointment as crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry .
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Publish Date:23/June/2017 | 10:59
There’s room for cooperation, but also competition.

Will Putin and Trump Bond Over Oil?

EghtesadOnline: In the early 2000s, the Russian and U.S. presidents, Vladimir Putin and George W. Bush, decided it was time their two countries had a closer relationship. The obvious place to start was the oil industry . The U.S. was importing almost twice as much crude as it produced and wanted to diversify away from Middle Eastern suppliers. Russia’s vast, untapped reserves of oil needed two things U.S. companies had plenty of: money and technology.
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Publish Date:14/January/2017 | 05:15