Iranian Oil ,Gas and Petrochemical Products Exporters' Union

NOTE

Cutting Iranian Oil Imports To Zero Unrealistic: Indian Oil Corp
The prospects of Indian refiners cutting their intake of Iranian crude oil to zero are unrealistic, the chairman of Indian Oil Corp. told S&P Global Platts in an exclusive interview this week. More
Russia’s Oil Production Sets New 30-Year-High Record In October
Russia’s oil production increased to 11.41 million bpd in October from 11.36 million bpd in September, setting a new post-Soviet record high as the largest oil companies, Rosneft and Lukoil, raised their output according to data from Russia’s Energy Ministry.
Russia’s oil production in October jumped to 48.262 million tons, the data showed on Friday, or 11.41 million bpd as per Reuters calculations. More
Does U.S. Oil Really Need More Oil Export Terminals?
When U.S. crude oil exports earlier this year hit a record high of 3 million bpd, there was much joy and back-slapping, but amid this joy a few problems have reared their ugly heads, notably pipeline capacity shortages, and perhaps worse, export terminal capacity shortages. More
Full U.S. Energy Independence Is Impossible
Establishing American “energy dominance” has been a key policy objective of the Trump Administration. More
Top Commodity Traders Expect Oil Prices To Drop In 2019
Most of the world’s top oil trading houses expect oil prices to decline next year as slowing global economic growth and rising oil supply is expected to compensate for fewer Iranian crude barrels on the market, executives at the largest oil traders said at the Reuters Global Commodities Summit on Friday. More
OPEC Output at Highest Level
OPEC’s crude production climbed to the highest level since 2016 as increases by Saudi Arabia and Libya offset losses stemming from impending US sanctions on Iran. More
Iran Energy Exchange to Start Trade in Oil Futures
Iran Energy Exchange will launch crude oil futures from next week as part of a plan to facilitate oil exports as US sanctions targeting its energy sector in November draw nearer. More
Iran Petchem Output Grows 9mt/y under Rouhani Admin.
TEHRAN (NIPNA) – Iran saw a 9-million-ton rise in its petrochemical output under President Rouhani since 2013, Iranian Minister of Petroleum Bijan Zangeneh said. More
European firm to invest €500m in Iran’s petchem complex
A European firm signed a memorandum of understanding with Iran’s Damavand Petrochemical Company to make €500 million investment for completion of a water desalination project in the petrochemical complex, according to Hossein Shahriari, the managing director of Iranian company. More
Gas Delivery Capacity Rising by 300 mcm/d
TEHRAN Feb 15(Shana)--Gas transfer capacity will rise by 300 million cubic meters per day under the budget legislation which provides enough funds for construction or extension of IGAT-3, IGAT-9 and IGAT-11. More

News

Zanganeh: Saudi Arabia, Russia Cannot Replace Iranian Crude
CEO of French oil giant Total will attend Saudi conference
The CEO of French oil giant Total (TOT) says he will attend a controversial business conference in Saudi Arabia this week. More
India to Continue Iranian Oil Imports after US Sanctions
In the first clear indication of India's willingness to continue trade with Iran despite US sanctions, state refiners have contracted import of 1.25 million tons of crude oil from the Persian Gulf nation and are preparing to replace dollar payments with rupee trade. More
China fully stops oil imports from US as trade war escalates
America’s second-largest oil client, China, has completely halted all oil imports from the US as trade tensions between the world’s two largest economies continue to grow. More
Private sector welcomes secondary forex market
Establishment of secondary foreign exchange market was one of the main demands of private sector and now that this market is set up private sector welcomes its activity, according to the chairman of Exports Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). More
Iran says oil producers led Trump into ‘trap’
Iran says US President Donald Trump’s anticipation that certain oil producers can fill the market gap created as a result of cutting off Iranian supplies is based on a “miscalculation” and that he had fallen into a trap that the same producers had created. More
Iran Warns OPEC of Losing Effectiveness
Iranian Minister of Petroleum Bijan Zanganeh sent a letter to OPEC President, warning him the organization would lose its effectiveness if members fail to adhere to the group's decisions. More
Global Gas Market Entry Needs Private Sector Help
Iran is keen to play a bigger role in the global natural gas market with the help of its private sector, the managing director of National Iranian Gas Company said. More
S. Korea Imports 167K bpd of Iranian Oil in June
South Korea’s imports of Iranian oil fell 40.3% in June from the same month a year ago to their lowest since January 2015, as the country’s buyers’ slashed purchases ahead of the reimposition of US sanctions targeting Iran. More
Indian refiners send mixed signals on Iran sanctions
India’s state refiners raised Iranian oil imports in June even though overall loadings from the Islamic Republic declined in the month, reports citing new shipping data on Wednesday said. More

 

 

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.