News Categories

Iran’s Pet-Chem Exports Rising Despite Sanctions

15 December 2019 - 17:04
New report shows that neighboring countries are increasing their purchase of Iran’s petrochemical products through a local energy exchange where more than $200 million sales have been recorded just in last week.

Giant German Company Working on Modern Power Plants in Iran

15 December 2019 - 17:00
Germany’s engineering giant Siemens, in a joint project with Iran’s largest energy construction and engineering group Mapna, is working on launching power plants relying on modern gas turbines that would add some 5 gigawatts (GW) to the country’s electricity generation capacity.

Indian Operator of Iran’s Chabahar Port Offering Service to Regional Countries

15 December 2019 - 16:54
It is now more than a year since an Indian operator has taken control of Shahid Beheshti Port in Iran’s Southeastern port city of Chabahar where cargos from all over the world can be unloaded from ships to be transported to Afghanistan and landlocked nations of Central Asia.

Chevron Approves $5.7b Deepwater Oil Project

14 December 2019 - 18:12
Chevron, the largest US oil group, announced it has approved the development of a deepwater high-pressure oil project in the Anchor oil field in the US Gulf of Mexico, which will require $5.7 billion investment, in the industry’s first such deep-water high-pressure projec.

EU Agrees to Cut Emissions to Zero by 2050

14 December 2019 - 18:08
The European Union agreed to cut its total emissions to net-zero by 2050 after ten hours of debate as Eastern European states demanded financial help to hit the target.

S Korea Says in Talks with US to Resume Humanitarian Trade with Iran

14 December 2019 - 17:08
South Korea is in talks with the United States over Iran’s call for Seoul to resume exports of humanitarian goods to Tehran, a report said.

Mercury Marine wins sustainable process award for aluminium use

14 December 2019 - 17:04
Mercury Marine received the Sustainable Process Award from the Wisconsin Sustainable Business Council (WSBC) at the Sustainable Business Awards Ceremony. The award recognized Mercury Marine for several sustainable practices in the company’s process of using aluminum for manufacturing outboard marine engine blocks.

Iranian Pet-Chem Plant Posts Record High Output

14 December 2019 - 16:32
Shahid Tondgooyan Petrochemical Company (STPC) in South of Iran announced that its output peaked to record levels in the past 8.5 months (March, 21- December 6), highlighting that the plant is going to increase its production with adding new units and technologies.

Iran Pockets $200 Million Through Indigenizing Oil Industry Equipment

14 December 2019 - 16:29
The Research Institute of the Petroleum Industry (RIPI), a subsidiary of the Iranian oil ministry, has managed to address the technological needs and provision of equipment for the country’s oil industry so much so that the country has saved $200 million since late March 2019.

India starts MEG anti-dumping investigation

13 December 2019 - 18:37
The Indian government has started an anti-dumping investigation into imports of mono-ethylene glycol (MEG) from Saudi Arabia, Kuwait, Oman, UAE and Singapore.
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