EghtesadOnline: Iran's shipping fleet requires at least 40,000 tons of low-sulphur fuels per month to comply with the International Maritime Organization’s new regulations demanding a 0.5% global sulphur cap for marine fuels, managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said.
EghtesadOnline: Equipped with advanced equipment, the National Iranian Drilling Company is able and willing to expand the scale and scope of its activity in offshore and onshore oilfields.
EghtesadOnline: In the past dams were built with the aim of ensuring irrigation, power generation and supplying potable water. But now the attitude towards mega-dams has changed significantly, managing director of Iran Water and Power Resources Development Company said.
EghtesadOnline: Gas condensate output from the South Pars Gas Field in the first 10 months (March-Dec 2019) of the currency fiscal year increased by 5% compared to the corresponding period a year ago, managing director of South Pars Gas Complex said.
EghtesadOnline: South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured and repaired 1,500 parts used in the oil and gas industry with the help of domestic companies over the past fiscal year), the SZOGPC managing director said.
EghtesadOnline: The Purchasing Managers' Index for the industrial sector during the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 51.92 from 56.93 in the preceding month, indicating a 5.01-point or 8.8% decrease month-on-month.
EghtesadOnline: Iran holds the world's second biggest natural gas reserves after Russia.
EghtesadOnline: A nationwide scheme has been launched to convert 1.5 million gasoline-powered public transport vehicles to compressed natural gas hybrids.
EghtesadOnline: The project to connect Tabriz Petrochemical Company to the West Ethylene Pipeline was officially inaugurated on Thursday in the last and final phase of the major pipeline.
EghtesadOnline: Tehran Province Gas Company (TPGC) has produced the first portable city gate station (a kind of pressure reducing station) in collaboration with Petro Gas Parsa Company, head of the provincial company said.