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  • EghtesadOnline: Close to 28 million barrels of synthetic oil have been supplied by the National Iranian South Oil Company via pipelines to Abadan and Isfahan refineries as feedstock over the last 14 months, the head of the company’s Production Department said.

  • EghtesadOnline: Oil costs rose on Friday on worries about disruptions, as power corporations started shutting in production within the Gulf of Mexico in view of a possible hurricane forecast to hit by the weekend.

  • EghtesadOnline: President Ebrahim Raeisi said Iran is not concerned about finding customers for its oil and it has different options to continue the export of crude and oil derivatives.

  • EghtesadOnline: Tabriz Oil Refinery in East Azarbaijan Province has invested $500 million in development projects over the last 10 years to be able to compete with rivals in international markets, managing director of the company said.

  • EghtesadOnline: Oil and gas extraction from joint fields, including the giant South Pars Gas Field in the Persian Gulf and West Karoun Oil Block in the southern Khuzestan Province, has increased substantially over the last decade.

  • EghtesadOnline: Oil prices dropped on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in Covid-19 infections across the globe.

  • EghtesadOnline: The National Iranian Oil Company imported $2.7 billion worth of petroleum products, including gasoline and diesel, in 2017, but as local refineries boosted output, the imports followed a downtrend and reached zero in 2020.

  • EghtesadOnline: Anew export terminal was officially inaugurated at Jask Port, Hormozgan Province, on Thursday, allowing Iran to export its crude oil beyond the Strait of Hormuz, and the export of the first shipment of Iranian crude oil from the Sea of ​​Oman was carried out on Friday.

  • EghtesadOnline: Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet a potential revival in demand as more countries recover from the pandemic.

  • EghtesadOnline: A new cooling tower at Tabriz Oil Refinery in East Azarbaijan Province has been completed after three years, the project manager said.