The CEO of the National Iranian Petroleum Products Distribution Company announced a 36% increase in the delivery of power plant fuel (oil, gas, and furnace oil) in the first 33 days of this year (April 1 to May 2) compared to the same period last year.
The First Vice President announced Iran's readiness to accelerate Africa's industrial leap by exporting petrochemical products.
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.
This event will present more than 200 investment and financing opportunities in various areas, including the development of 100 oil and gas fields.
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.
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: Pressure on South Pars with Iranian contractors will begin soon. In this event, more than 200 investment and financing opportunities in various areas, including the development of 100 oil and gas fields, will be presented to investors.
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.
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.
