Ministry of Petroleum
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NIOC inks new investment contracts valued at $2.7b
TEHRAN, Jan. 15 (MNA) – The National Iranian Oil Company (NIOC) signed contracts on purchasing guaranteed drilling services and processing crude in oilfields with a total value of $2.7 billion.
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Iran opens 2nd largest oil processing unit in West Karun area
TEHRAN, Dec. 25 (MNA) – At the order of Iranian President Masoud Pezeshkian, the country’s largest oil processing (Central Treatment and Export Plant (CTEP) unit was inaugurated in West Karun in Ahvaz on Thursday via videoconference.
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Iranian gov. launches new gasoline pricing scheme Sat.
TEHRAN, Dec. 13 (MNA) –Iran began selling gasoline at a free-market price of 5,000 tomans per liter under a new rationing plan that took effect Saturday, eliminating fuel quotas for government vehicles, imported cars and vehicles in free trade zones.