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Jul 2014
Iranian Light 107.41
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                    Selected News:   
News3

Falling Oil Price Short-Lived, says Iran minister

2014-08-26

TEHRAN August 26 (Shana): Iran’s Petroleum Minister Bijan Namdar Zanganeh said on Tuesday that the current decline in oil prices will be reversed following a seasonal change.

“The downward crude oil price will not live long due to seasonal fluctuations,” Zanganeh told reporters on the sidelines of an international energy forum in Tehran.

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News2

South Pars Development Delayed Under Unfair Sanctions 

2014-08-26

TEHRAN August 26 (Shana): Iran’s Petroleum Minister Bijan Namdar Zanganeh said unfair sanctions against the country’s energy sector delayed the development of the giant South Pars gas field.

“Unfair sanctions against Iran have delayed the implementation of projects for gas production from the giant South Pars field,” Zanganeh told an international energy forum in Tehran.

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News3

Five Storage Tanks Coming Online

2014-08-26

TEHRAN August 26 (Shana): The National Iranian Oil Products Distribution Company (NIOPDC) plans to complete construction of 5 half- finished storage tanks in order to raise its oil products storage capacity by 800 million liters.

Director of engineering and planning at NIOPDC Abdollah Mollabagher made the remarks adding NIOPDC has decided to reactivate construction of the half-finished storage projects and complete them before the end of current Iranian calendar year to March 2015.

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