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PIDMCO oversees 25 projects worth $11b amid sanctions
18 May 2025
2:22 AM
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The CEO of Petrochemical Industries Development Management Company (PIDMCO) announced that the firm is currently managing 25 projects valued at over $11 billion despite challenging sanctions. Some of these projects are among the largest national initiatives, and their completion is critical for boosting production and strengthening the economy.

Tehran, Doha discuss boosting bilateral trade
14 May 2025
2:18 AM
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Head of Iran’s Trade Promotion Organization (TPO) Mohammad-Ali Dehqan Dehnavi met with Qatar’s Customs Authority Chief Ahmed Al-Jamal, on the sidelines of Iran Expo 2025, stressing the need to enhance commercial ties and develop trade infrastructure to increase bilateral trade volume.

Iran to Start New Projects in 4 Gas Fields
13 May 2025
3:46 AM
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Touraj Dehghani, CEO of Iran's Pars Oil and Gas Company, said that his company has four plans to develop gas fields, including Kish, North Pars, Bilal, and Farzad, in the next five years, and its goal is to increase extraction by 200 to 250 million cubic meters.

$200m investment to capture flare gas
13 May 2025
2:22 AM
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The CEO of Hoveyzeh Persian Gulf Gas Refining Company announced development plans in the upstream sector aimed at ensuring stable feedstock for petrochemical plants. The company has prioritized capturing associated gas from the Darkhovein and West Karun gas fields.  

$1b gas field development contract inked
12 May 2025
2:22 AM
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A contract to develop the Gouran and Pazan gas fields was signed between the National Iranian Oil Company (NIOC) and three domestic companies on the final day of the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition.