Iranian Oil ,Gas and Petrochemical Products Exporters' Union


Iran marks Persian Gulf National Day
Iranians mark the National Persian Gulf Day, which is the anniversary of the victory over Portuguese troops during a war in the Persian Gulf in 1622. More
Oil Prices Hit $15 For The First Time In 21 Years
A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades. More
The Sad Truth About The OPEC+ Production Cut
Quite aside from the subtler elements of the oil deal announced late last week that are likely to undermine its ability to stave off further oil price lows in the coming weeks... More
The Most Expensive Oil And Gasoline In The World
Whether or not you follow oil markets, you will likely have seen articles in the media lately claiming that the price of oil has fallen to $20, or that it could possibly fall to $10. The truth about the oil market, however, is far more complex than that. The number quoted in media headlines usually refers to one of two types of crude oil. More
Oil Prices Could Fall Another 20%
Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel. More
Davos 2020
Here's what you need to know about the global economy More
OUTLOOK '20: Fundamentals supportive of oil prices in 2020
2020 looks set to be a bullish year for crude with several key factors pushing the price higher across the globe.The IMO 2020 regulations coming into effect and the US-China trade deal reaching a phase one agreement are some of the most pressing. More
Creating The OPEC Of Natural Gas
With global gas supplies growing faster than demand and forecasters warning of a deepening glut, it was only a matter of time before analysts began talking about a gas version of OPEC with the power to control international prices. But is an OGEC even possible? More
Africa’s energy future matters for the world
Africa is set to become increasingly influential in shaping global energy trends over the next two decades as it undergoes the largest process of urbanisation the world has ever seen, according to a new report from the International Energy Agency. More
Four Ways Oil Has Made Our Lives Better
The world’s most heavily traded commodity has been charged with climate change and found guilty both in the court of public opinion and in climate science circles, with governments, non-profits, and other groups competing over who can shout “climate emergency” the loudest. More


Fuel prices set on fire
Omar Ayub claims Pakistan has lowest petrol price in subcontinent even after this revision More
Five new investment contracts to be signed in Chabahar port: Official
Deputy Ports and Maritime Organization (PMO) for Ports and Economic Affairs of Sistan and Baluchestan said that seven investment contracts were concluded by the private sector during the last year and five more are underway in the first half of the current Iranian year. More
Eurasia reduces tariffs to zero on 10 Iranian exports items
Eurasia has granted preferential tariffs and exemptions from customs duties to 10 Iranian export goods since April 1, said the head of the Industry, Mine, and Trade Organization of Gilan Province on Tuesday. More
Russia needs to borrow 1 trillion roubles
Russia will need more than 1 trillion roubles ($13.44 billion) of additional borrowing this year to cover the shortfall in non-oil and gas revenues, the Interfax news agency cited Finance Minister Anton Siluanov as saying on Saturday. More
How The COVID-19 Plastic Boom Could Save The Oil Industry
What happens when you give industries that are frequently ostracized for their role in environmental degradation an 'open license to pollute?' They take it with open arms. More
Is Saudi Arabia Restarting The Oil War?
Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, despite Sunday’s historic global production cut deal. More
Largest Oil Glut In History Could Force Crude Prices Even Lower
The oil market is heading for the largest ever crude glut in the first half of 2020, which could be two to nearly four times bigger than the biggest surplus recorded so far, IHS Markit says, as quoted by Bloomberg. More
Oil Majors Are Preparing For $10 Oil
The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Royal Dutch Shell said on Monday that it would cut spending by 20 percent, or about $5 billion, and also suspend its share buyback plan. French oil giant Total SA and Norway’s Equinor announced similar moves. More
Russia Sees Oil Market Balance In 2021
The global oil market could return to balance in at least one year, all things being equal as-is, Russian Deputy Energy Minister Pavel Sorokin said at a forum in Russia on Friday. More

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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.