Oil and Petrochemicals
New Acting Minister of Oil Introduced
The new acting Minister of Oil was introduced on October 14, 2023. This change is in line with the policies of the thirt...
Oil and Petrochemicals
Oil and Petrochemicals
Amin Nasser pointed to the time-consuming nature of oil storage recovery
Amin Nasser announced that the recovery of global oil and fuel storage may take up to two years. Disruptions in shipping...
Oil and Petrochemicals
Hamid Bord Emphasized the Continuation of Oil Industry Production and Development Programs
Hamid Bord emphasized the importance of solidarity and consensus in advancing the executive programs of the oil industry...
Oil and Petrochemicals
Mahdi Samimian Connected Research and Development Capacities to Production in Semnan
Mahdi Samimian emphasized the importance of research and development in Semnan's production units during a production bo...
Oil and Petrochemicals
Japan has no plans for further oil reserve releases
Minoru Kihara, Japan's Chief Cabinet Secretary, announced that the country has no plans to draw oil from its strategic r...
Oil and Petrochemicals
Hamid Bourd Emphasized the Continuation of Production and Development Programs in the Oil Industry
Hamid Bourd emphasized the importance of continuing development and production programs in the oil industry during a mee...
Oil and Petrochemicals
The production of PVC2 license by Arvand Petrochemical reached 60%
The development of the technical knowledge of the PVC2 license by Arvand Petrochemical has reached 60% progress and brin...
Oil and Petrochemicals
Production of PVC2 License in Arvand Reaches 60 Percent
The national project for the production of PVC2 license in Arvand is nearing its final stage with a savings of 40 millio...
Oil and Petrochemicals
Kuwait's Oil Production Has Reached 75% of Pre-War Levels
Kuwait's oil production has reached 75% of its pre-Iraq war capacity. This significant change reflects the country's eff...
Oil and Petrochemicals
The LNG Market is on the Path to Recovery with Strong Demand
The LNG market faced fluctuations last week, with rates in the Australia-Japan route rising to $37,700 per day.
Oil and Petrochemicals
18% Increase in Fuel Oil Reserves in the ARA Region in September
Independent fuel oil reserves in the ARA region increased by 18% in September compared to the previous month. This incre...
Oil and Petrochemicals
Increase in Panama Canal Transit Capacity to 33 Ships per Day
The Panama Canal Authority will increase the daily transit capacity of ships by improving water levels in Gatun Lake. Th...