Sunday, December 22, 2024

Iran’s Petropars, Japan’s Toyo Engineering Ink MoU in Persian Gulf

From MEHR News Agency TEHRAN, Jul. 17 (MNA) – Iran’s Petropars Ltd. and Toyo Engineering Corporation of Japan have signed a cooperation agreement to modernize facilities and boost recovery factor of Salman gas field in the Persian Gulf. The accord marks the first MoU on modernization services sealed after implementation of the Joint Comprehensive Plan of Action (JCPOA) and aims

Iraq Needs to Import Iran’s Natural Gas: Minister

From Iran Front Page Iraq’s Electricity Minister Qasim al-Fahadawi says his country will need Iran’s natural gas over the next seven years to operate its power stations as the Arab country’s domestically produced natural gas will not suffice. According to a Farsi report by Mehr News Agency, the Iraqi official said new power plants will soon be ready to give service, so

Brent Climbs Above $49, Drops on Steady Output from Producers

NEW YORK (Reuters) – Oil prices were little changed on Monday as output increases in some top producers eased, but investors continued to await strong indications that an OPEC-led effort to drain a glut was proving effective. Libya’s national oil production stands at 1.03 million barrels per day (bpd), little changed from its level since the end of last month,

Enterprise Products, Navigator Holdings Plan Ethylene Export Terminal

From the Houston Business Journal Enterprise Products Partners LP (ticker: EPD) and Navigator Holdings Ltd. (ticker: NVGS) plan to create a 50-50 joint venture to develop an ethylene marine export terminal on the Houston Ship Channel. The companies announced July 12 that they’ve signed a letter of intent for the joint venture, but they still have to negotiate and receive board