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Iran

Oil prices rose more than 3 percent on Wednesday to 3-1/2 year highs, after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member. more

Refining/Petrochemical

Oil prices rose to their highest levels since late 2014 on Monday, boosted by the latest troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran. more

Refining/Petrochemical

Oil prices rose on Friday stayed below recent highs as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran. more

Refining/Petrochemical

Iran will launch new contracts to develop oil and natural gas fields in mid-February in the country’s first such tender since the lifting of international sanctions a year ago. more

Drilling & Exploration

An official has deemed America’s low-cost gas as a new threat to the development of petrochemical industry in Iran and even the Middle East. more

Refining/Petrochemical

Iran exported 15.2 million tons of petrochemicals and polymers, worth $6.5 billion, in the first nine months of the current fiscal year that roughly coincides with March-December. more

Refining/Petrochemical

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