With the official transfer of management of the Masjed Suleiman Oil Field Development Plan to the Petroleum Engineering and Development Company, preliminary technical and operational activities to enhance production from this historic field began.
Behran Oil Company participated in the seventh Iran Expo exhibition, which will be held from May 28 to 3 at the Permanent Exhibition Center in Tehran.
The CEO of the Iranian Oil Pipelines and Telecommunications Company announced a significant reduction in theft from pipelines this year and said: "The phenomenon of theft of petroleum products from crude oil and petroleum product transmission lines has been one of the serious challenges of the oil industry in recent years, but with effective and targeted measures, we have been able to control this problem to a large extent."
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."
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 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 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.
