Obstacles in the oil industry

Domestic and international opposition, blocking branding of gas stations and lack of hiring of elite specialists in the oil industry are the reasons that the Ministry of Oil has stated for the lack of development […]


Oil production at West Karoun doubles

More than 305 thousand barrels of oil was produced per day at West Karoun oilfields in southwest of Iran over the month of Dey, i.e. late December to late January; nearly double as much as […]


Iranian insurance share of Oil business

An Iranian oil tanker had an accident in the China Sea, killing 32 and destroying its 60 million dollar cargo, Ebtekar writes. Abdolnaser Hemmati, Director of Central Insurance says that this oil tanker was operated […]


Naphtha demand might increase

Following the collision of the Iranian oil tanker with the Chinese ship, one million barrels of condensate, a hydrocarbon liquid used to make petrochemicals, were lost; apart from 32 missing crew members. Bloomberg reports about […]


32 missing after collision off China’s coast

Reuters reported that The Sanchi, an Iranian oil tanker, collided with the Chinese freight ship 160 nautical miles off the coast near Shanghai and the mouth of the Yangtze River Delta on Saturday evening, leaving […]

National News Review

Oil Minister criticizes managers’ skills

Etemad newspaper published portions of Bijan Zangeneh, the Minister of Oil’s talk at the National Conference on Recognition and Development of Future Managers. Mr. Zangeneh believes that management cannot be imported. Furthermore, no military academy […]


Iran builds refineries abroad

Iran newspaper announced negotiations between the Iranian government and six countries i.e. Malaysia, Indonesia, South Africa, Sierra Leon, Brazil and India for cooperation in the construction and the purchasing of shares of crude oil refineries. […]