Iranian Oil ,Gas and Petrochemical Products Exporters' Union

NOTE

Is Bill Gates Right On Energy Investing?
Not long ago, Bill Gates offered some investment advice. That, in itself, constitutes news, but the content and the reactions make up a more interesting story.
Gates told the Financial Times, in essence, that investors who want to do something about climate change should stop making up lists of companies they do not want in their portfolios based on involvement in fossil fuel production or use. They should, instead, invest in disruptive technologies that will provide actual solutions to climate change.
More
Huge Independent Refiner Prepares For Revolution In Markets
One of the world’s largest independent oil traders, Gunvor Group, plans to revamp its refinery in Rotterdam to adapt it to produce low-sulfur fuel oil that would be compliant with the new regulations on shipping fuel, Gunvor’s chief executive Torbjörn Törnqvist told Reuters. More
Is This The Next $170 Billion Energy Industry In The US?
Hydrogen is the simplest element on earth and most abundant element in the universe. It is an energy carrier as it has high energy content per unit of weight. And it has the potential to become a mainstream energy technology and a key clean fuel source in the future that could also help reduce greenhouse gas emissions. More
World’s largest tanker starts 12,400-mile journey to meet IMO regulations
The world’s biggest oil tanker has begun a 12,400-mile voyage to a fuel-storage zone in Asia, the latest movement of a vessel that’s intrigued the shipping market and fuel traders for months.
More than 1,200 feet long, 16 years old, and able to hold roughly a day of France’s and Britain’s combined oil consumption, Oceania will arrive at Sungai Linggi in Malaysia at the end of September, according to recent signals from the vessel. Its depth in the water and previous movements indicate the so-called ultra-large crude carrier, owned by Antwerp-based Euronav NV, has cargo on board.
More
Australia is on track to become world’s largest LNG exporter
Australia is on track to surpass Qatar as the world’s largest LNG exporter, according to Australia’s Department of Industry, Innovation, and Science (DIIS). Australia already surpasses Qatar in LNG export capacity and exported more LNG than Qatar in November 2018 and April 2019. Within the next year, as Australia’s newly commissioned projects ramp up and operate at full capacity, EIA expects Australia to consistently export more LNG than Qatar. More
Is This The End Of Silicon Solar Cells?
Silicon has been to the solar power industry—not to mention the IT industry—what oil has been for the car industry: an essential element without which there would not have been an industry. Yet now there are challengers to the material that may turn out to be more efficient and one day replace it. More
Oil Market Report: 2020 vision
In this Report, we publish our first outlook for 2020. As we do so, volatility has returned to oil markets with a dramatic sell-off in late May seeing Brent prices fall from $70/bbl to $60/bbl. More
The No.1 Reason Why Investors Are Shunning Energy Stocks
The uncertainty about the U.S.-China trade tension and the future of global oil demand for the rest of the year have resulted in many investors staying away from energy exchange traded funds (EFTs) in recent months. More
The “Polar Silk Road” Could Be A Game changer For Natural Gas
It’s been well over a year since the then-United States Secretary of Defense Jim Mattis accused Russia and China of being “revisionist powers” each working its way toward making a power grab on the world stage and announced that the U.S. would be shifting its international relations focus away from fighting terrorism and instead prioritize what Mattis referred to as a "great power competition. More
CBI hosts a gathering of economists to discuss monetary issues
In a meeting with the country’s economists in Tehran on Monday, the governor of Central Bank of Iran (CBI) explored issues like Integrated Forex Market, open market operations (OMO), liquidity and inflation, IRIB reported. More

News

LNG Investments Hit Record In 2019
Investments in liquefied natural gas since the start of the year have hit an all-time high of $50 billion, the International Energy Agency’s head, Fatih Birol, told an industry conference.
“This year, 2019 already broke the highest amount of (final investment decisions) for the first time ever, $50 billion,” Birol told the LNG Producer-Consumer conference in Tokyo, as quoted by Reuters.
More
Iran Makes Huge Natural Gas Discovery - Could Power Tehran For 16 Years
Iran’s state oil company has struck natural gas at a new deposit, according to a report in PressTV, quoting another report from news agency Fars.
According to PressTV, NIOC’s head of exploration, Saleh Hendi, told Fars that “This field was discovered after a year of continuous exploration in southern Iran.”
More
Defying Sanctions, India Will Resume Oil Imports From Venezuela
India’s Reliance is set to resume oil imports from sanctioned Venezuela, according to a Reliance representative that spoke to Reuters .
India had stopped its imports of Venezuelan oil months ago after the United States sanctioned Venezuela. Reliance feels secure in its decision to resume the imports, because it will be taking the crude oil in exchange for supplying Venezuela with fuels including diesel, a scenario that is allowed under the sanctions.
“These are actions compliant to U.S. sanctions as crude sourcing against supply of permitted products is allowed,” the representative said in an email to Reuters.
More
Shell, Exxon Close Deal To Build Five LNG Import Terminals
Shell and Exxon are among the companies picked by the Pakistani government to build five LNG import terminals as part of efforts to boost natural gas imports to deal with shortages in supply. More
The Two Forces In Oil Markets That Keep Money Managers Awake At Night
Oil prices have struggled for direction over the past week, torn between the two key fundamental forces—weakening global oil demand growth and uncertainties over supply.
So have hedge funds and other money managers whose speculative positioning in the oil market has seen little overall change in the net position since June, despite weekly fluctuations in buying or selling in the six month important petroleum futures contracts.
More
Iran Looks To Reduce Dependence On Oil To Zero
Iran will restructure its budget in a way that should reduce the country’s dependence on oil revenues to zero, a senior government official told Mehr news agency.
“Given the difficult times of sanctions, we will be losing a considerable amount of budget resources; therefore, it is necessary to make sure that the reforms in the budget structure for the next year will be able to cut down direct dependency on oil revenues to zero,” Mohammad-Bagher Nobakht, the head of Iran’s Plan and Budget Organization, said.
More
The Oil Price Risk Analysts Are Ignoring
Oil prices have given up some of the gains from last week’s oil tanker attack in the Gulf of Oman, with recession fears outweighing geopolitical tension and the risk of supply outages.
“The response of oil prices to the latest escalation in the Middle East has been comparatively subdued given that 30% of global oil shipments pass through the Strait of Hormuz and only a small proportion of this total could be rerouted through pipelines in the event of a conflict,” Commerzbank wrote in a note.
More
A Major Existential Threat Is Arising For Natural Gas
Two recent explosions at hydrogen fueling stations may have soured the fuel’s reputation, but there is increasingly optimistic sentiment for it, with two reports last week claiming it will have an important role to play in the energy mix of tomorrow.
One of these, led by the UK Institution of Engineering and Technology, said hydrogen could come to replace natural gas as a fuel for heating in the country.
More
Russia To Lend Iran A Hand For Exporting Oil
Russia is willing to step in to help Iran export its oil while the Middle Eastern country is struggling to keep the oil flowing while pressured by sanctions levied by the United States. More
Iran Won’t Leave OPEC
“Iran has no plans to leave OPEC...and regrets that some members of OPEC have turned this organization into a political forum for confronting two founding members of OPEC, meaning Iran and Venezuela,” he said, adding “And two regional countries are showing enmity toward us in this organization. We are not their enemy but they are showing enmity toward us and (they) use oil as a weapon against us in the global market and world.” More

Top News

  • Investments in liquefied natural gas since the start of the year have hit an all-time high of $50 billion, the International Energy Agency’s head, Fatih Birol, told an industry conference. “This year, 2019 already broke the highest amount of (final investment decisions) for the first time ever, $50 billion,” Birol told the LNG Producer-Consumer conference in Tokyo, as quoted by Reuters.
  • Not long ago, Bill Gates offered some investment advice. That, in itself, constitutes news, but the content and the reactions make up a more interesting story. Gates told the Financial Times, in essence, that investors who want to do something about climate change should stop making up lists of companies they do not want in their portfolios based on involvement in fossil fuel production or use. They should, instead, invest in disruptive technologies that will provide actual solutions to climate change.
  • One of the world’s largest independent oil traders, Gunvor Group, plans to revamp its refinery in Rotterdam to adapt it to produce low-sulfur fuel oil that would be compliant with the new regulations on shipping fuel, Gunvor’s chief executive Torbjörn Törnqvist told Reuters.
  • On Wednesday, September 18, the Iranian Oil, Gas and Petrochemical Products Exporters' Union hosted a meeting of representatives of firms, government, and other institutions involved in Iran’s petrochemical sector. They had gathered to discuss the challenges and opportunities facing the sector and the potential to pursue growth through trade as part of the elaboration of the National Export Strategy of Iran (NES).
  • Iran’s state oil company has struck natural gas at a new deposit, according to a report in PressTV, quoting another report from news agency Fars. According to PressTV, NIOC’s head of exploration, Saleh Hendi, told Fars that “This field was discovered after a year of continuous exploration in southern Iran.”
  • China’s crude oil imports from ship-to-ship transfers soared threefold between August and September to 910,000 tons, Bloomberg reports, citing ship tracking data. The source of the oil, the agency noted, was unclear. “I think its highly likely that these ship-to-ship and Malaysian volumes are Iranian or Venezuelan crude,” Bloomberg quoted Michal Meidan, the head of the China Energy Programme at the Oxford Institute for Energy Studies as saying. “But of course the whole point here is to make it hard to be sure,” Meidan added.
  • India’s Reliance is set to resume oil imports from sanctioned Venezuela, according to a Reliance representative that spoke to Reuters . India had stopped its imports of Venezuelan oil months ago after the United States sanctioned Venezuela. Reliance feels secure in its decision to resume the imports, because it will be taking the crude oil in exchange for supplying Venezuela with fuels including diesel, a scenario that is allowed under the sanctions. “These are actions compliant to U.S. sanctions as crude sourcing against supply of permitted products is allowed,” the representative said in an email to Reuters.
  • Shell and Exxon are among the companies picked by the Pakistani government to build five LNG import terminals as part of efforts to boost natural gas imports to deal with shortages in supply.
  • Hydrogen is the simplest element on earth and most abundant element in the universe. It is an energy carrier as it has high energy content per unit of weight. And it has the potential to become a mainstream energy technology and a key clean fuel source in the future that could also help reduce greenhouse gas emissions.
  • The world’s biggest oil tanker has begun a 12,400-mile voyage to a fuel-storage zone in Asia, the latest movement of a vessel that’s intrigued the shipping market and fuel traders for months. More than 1,200 feet long, 16 years old, and able to hold roughly a day of France’s and Britain’s combined oil consumption, Oceania will arrive at Sungai Linggi in Malaysia at the end of September, according to recent signals from the vessel. Its depth in the water and previous movements indicate the so-called ultra-large crude carrier, owned by Antwerp-based Euronav NV, has cargo on board.

 

 


Last Update : Jun 3, 2019 13:34
تصویر نمادالکترونیکی

About Us

The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.