Search results for: Persian

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  • 30 January 2018
    Equipment

    Russia’s Gazprom is interested in developing Iran’s offshore gas fields in the Persian Gulf.

  • 26 September 2014
    Business & Finance

    Worldscale rates for VLCCs on West Africa-to-Far East routes are at steep premiums to rates for Persian Gulf loadings due to many owners’ resistance to long voyages, Platts said quoting market participants. “The Persian Gulf-to-Far East route was assessed at w34 Thursday. The West Africa-to-Far East voyage was assessed at w43.50, creating an unusually wide […]

  • 2 July 2015

    Iran has revealed plans to invest big in the development of its bunkering infrastructure in the Persian Gulf. As informed by Iran’s Ports and Maritime Organization (PMO), the plans, announced by the PMO Managing Director Mohammad Saeednejad, envisage investment worth USD 500 million, which is earmarked for establishing of bunkering infrastructure. As for providing water and fuel to the […]

  • 30 June 2014

    Iran will have the chance to export gas to Europe, Persian Gulf states and Iraq following the completion of three gas trunk-lines, director for planning at the National Iranian Gas Company (NIGC) said. Hassan Montazer Torbati said Iran Gas Trunkine (IGAT)-6, IGAT-7 and IGAT-9 will facilitate gas exports to Iraq, Europe and Persian Gulf. Torbati […]

  • 21 April 2006

    Carnival Corp. is counting on new cruises in the Persian Gulf and China to seed growth for the future, company officials told shareholders at the annual meeting Thursday. The Persian Gulf cruises, set to start next winter, will be offered by Costa Cruises and Aida Cruises, and will be sold primarily to Europeans. The weeklong […]

  • 27 November 2014

    Worldscale rates for VLCCs on the East of Suez routes have reached more than nine-month highs, Platts cited market participants as saying Thursday, November 27. The peak has been attributed to strong demand to move crude in the winter season, tight supply as charterers combine smaller cargoes and bullish owner sentiment. The key Persian Gulf-to-Japan route was […]

  • 6 May 2016

    Iran is threatening to shut the Strait of Hormuz, a major choke-point for oil shipments, to US vessels and its allies if the US Navy doesn’t suspend military drills in the Persian Gulf. The intention was disclosed by deputy commander of Iran’s Islamic Revolutionary Guard Corps (IRGC), General Hossein Salami, who is quoted as saying by local […]

  • 2 July 2015

    Iran has revealed plans to invest big in the development of its bunkering infrastructure in the Persian Gulf. As informed by Iran’s Ports and Maritime Organization (PMO), the plans, announced by the PMO Managing Director Mohammad Saeednejad, envisage investment worth USD 500 million, which is earmarked for establishing of bunkering infrastructure. As for providing water and fuel to the […]

  • 28 December 2016

    Iranian Offshore Oil Company (IOOC) plans to increase its oil output in the Persian Gulf next year. The company revealed its plans to boost oil output starting with 30,000 barrels per day (bpd) and reaching up to 60,000 bpd. Development activities are underway in fields like Salman and Foruza while Doroud and Abuzar fields have shown capacity for […]

  • 8 April 2016
    Infrastructure

    Iran is reportedly in talks with a Norwegian company which would supply a Floating LNG facility, to be used for gas liquefaction in the Persian Gulf. According to Tasnim News Agency, which used the image of Shell’s Prelude FLNG unit to illustrate the story, Iran’s vice president for finance and investment affairs of the National […]

  • 24 August 2015

    A French firm has offered to purchase associated gas from an offshore Iranian oilfield in the Persian Gulf to convert it into LNG, Iranian Oil Minister, Bijan Zangeneh has said. The proposition marks the foremost of its kind to Iran by a foreign company to use natural gas associated with oil production instead of burning […]

  • 21 November 2013
    Business & Finance, Operations & Maintenance, Research & Development

      Utilization of oceans due to their privileges in the areas of maritime transportation, marine food resources, mineral resources and security of the costal states is of paramount importance. In view of the fact that Iran enjoys more than 2700 km of coastline in Persian Gulf and Caspian Sea, existence of a national body tasked […]

  • 22 November 2011

    Iran plans to  invest up to $35 million to build its very first oil spill recovery vessel, Zawya reported. The vessel, which will be one of the biggest of its kind in the Middle East is expected to bear the responsibility of dealing with any oil spillage and pollution in the Persian Gulf. Iran Shipbuilding […]

  • 12 April 2011

      Pursuant to the decision by the Gazprom Board of Directors, an order was signed to open the Company’s representative office in the city of Doha, State of Qatar. The representative office will pursue the primary objective of developing long-term mutually beneficial economic cooperation of Gazprom with the Persian Gulf states as well as representing […]

  • 7 April 2014

    Omani Oil Minister Mohammed bin Hamad Al Rumhy said the energy-hungry nation aims to get 1 billion cubic feet of gas per day from Iran from 2017/18, under a long-term agreement. Iran and Oman have great potentials for boosting cooperation in oil industry including supplying gas to Oman’s LNG units which could be met mainly […]

  • 20 November 2013
    Business & Finance, Equipment, Technology

    Utilization of oceans due to their privileges in the areas of maritime transportation, marine food resources, mineral resources and security of the coastal states is of paramount importance. In view of the fact that Iran enjoys more than 2700 km of coastline in Persian Gulf and Caspian Sea, existence of a national body tasked with […]

  • 18 April 2017
    Operations & Maintenance

    Iranian president Hassan Rouhani has officially launched five new phases of the South Pars gas field. President Rouhani inaugurated the phases 17, 18, 19, 20 and 21 of the giant gas filed located in the Persian Gulf region. The start of the new five phases represents an investment of USD 20 billion. During the inauguration ceremony president Rouhani said: “Today, […]

  • 25 March 2015
    Exploration & Production

      A vessel has reportedly crashed into an offshore platform in the Persian Gulf, Iran, last night. According to the Azeri news agency Trend, the Bahraini commercial ship hit and damaged a platform in the giant South Pars gas field. The news agency further says that the ship collided with a platform due to “a […]

  • 25 February 2013
    Business & Finance, Operations & Maintenance

    Ports & Maritime Organization announced that the head of National Oceanography Institute said that presently three oceanographic projects are being conducted in the Persian Gulf, Oman Sea and Caspian Sea. He also said that these projects are expected to be completed by the year end. Bordering Persian Gulf in the south and Caspian Sea in […]

  • 18 October 2013

    The Persian/Arabian Gulf is the hottest sea on the planet and yet it contains thriving coral reef ecosystems. The majority of coral reef ecosystems are found in thermally stable waters experiencing annual sea surface temperatures (SSTs) differing by less than 6oC from summer to winter. Even coral communities at extreme latitudes such as those in […]

  • 5 August 2015

    An official at the Iranian Offshore Oil Company (IOOC) says the company has succeeded to increase crude oil production from the Salman oil field in the Persian Gulf, which Iran shares with the United Arab Emirates. Abbas Rajab-Khani, the official in charge of the IOOC’s operations in Lavan region said on Tuesday that the production […]

  • 11 March 2013
    Business & Finance

    Managing Director of Gheshm Free Zone said that the Gheshm Island has been officially recognized by the Ministry of Oil as the Island of oil, energy and petrochemical products. Pointing out to the investment worth $250 million by Petropars Company for development of Bahman Port in the Gheshm Free Zone revealed that development of this […]