The Director General of the HSE of the Ministry of Oil announced the dispatch of expert groups and HSE of the Ministry of Oil and the National Petroleum Refining and Distribution Company following the incident at Shahid Rajaee Port in Bandar Abbas, and said: "On the orders of the Minister of Oil, a group of officials and experts in the field of HSE of the oil industry was immediately dispatched to the area."
The CEO of Pars Oil and Gas Company said: The first steam unit of the South Pars Besat combined cycle power plant has been put into production at full capacity.
Oil Minister Mohsen Paknejad also unveiled a new tool called "PetroCrad," which for the first time allows for the attraction of small public funds through the capital market.
Moments ago, a massive explosion occurred in the Shahid Rajaee Port area.
Oil prices, which had fallen last week due to concerns about oversupply in the market, rose 32 cents today to $66.87.
News of progress in the Iran-US nuclear talks eased investors' concerns about disruptions to oil supplies and helped stabilize prices over the past business week.
Oil Minister Mohsen Paknejad also unveiled a new tool called "PetroCrad," which for the first time allows for the attraction of small public funds through the capital market.
The Trump administration has sanctioned the Iranian shipping giant in new, draconian sanctions against Iran's oil and gas sales.
The poster for the 29th International Iranian Oil, Gas, Refining and Petrochemical Exhibition was unveiled with the slogan "Investment in the oil industry, a guarantee of economic growth and development."
Amidst the challenges of sanctions and regional competition, Iran's oil industry is seeking to increase its attractiveness and attract investors by redefining its oil contracts; a development that could free the vital oil arteries from restrictions and open a new horizon for development and international cooperation.
