Iran to Launch 4 Downstream Petchem Parks

TEHRAN (Shana) – The CEO of Petrol Co. said Urmia Melamine, Ilam Polypropylene, Melamine Crystal Park and Lordegan Resin Urea parks are to be built in Iran.     Rasoul Najafzadeh said on Saturday that Urmia Potassium Sulfate Unit would

Iran Boosts Darkhovin Oil Output

TEHRAN (Shana) — The CEO of Arvandan Oil and Gas Company said the production capacity of Darkhovin Oilfield had increased by 20,000 b/d over the course of the past 12 months.     According to the National Iranian Oil Company

Final Steps to Launch Lordegan Petchem Plant

TEHRAN (Shana) – The CEO of Lordegan Petrochemical Project said the plant’s construction was nearly complete (98%), adding the project would come online soon.     According to the plant, Mohsen Mahmoudi said on Wednesday that the project was being

Market Balance, a Necessity: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the oil market was under pressure because of coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel, adding, “Efforts must be made to