Oil prices were mixed on Friday and still on track for a weekly loss, amid optimism stemming from a draw in US inventories and uncertainty about global supplies fuelled by an OPEC+ impasse.
Brent crude oil futures were down 3 cents at $74.09 a barrel. US West Texas Intermediate futures were up 6...
The construction of Mahtab Parsian Petrochemical Company, a subsidiary of Petrofarhang Company, has started in Bandar Abbas, Hormozgan Province.
The project includes the construction of a gas to fuel and chemical production units – also known as GTX – on 130 hectares, the Oil Ministry’s news...
Development programs have helped increase the storage capacity of Mahshahr Port’s Export Terminal by 50%, the head of the terminal said.
“The storage capacity has increased from 1 billion liters to 1.5 billion liters,” Hossein Alizadeh was also quoted as saying by the Oil Ministry’s news agency...